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New Member Savings

Free, Simple, High-yield Account for New Members

Savings Rate

New Member Savings

Created especially for those new to Rivermark, our free New Members Savings account couldn’t be simpler. Just open a checking account within the same membership as New Member Savings and set up a monthly direct deposit (ACH) of $100 or more to the checking account in order to qualify.

And at currently 3.75% annual percentage yield (APY)* it has one of the highest rates available on a liquid savings account. In fact, our rate is 9 times the national bank savings average.1

Like we said, extraordinary. Unlimited high-yield savings for an entire year.

Unlike other banks and credit unions, we don’t place limits on how much you can deposit in your New Member Savings. So whether you deposit $5 or $5 million, we’re still talking a current rate of 3.75% APY.*

Welcome to Simply Extraordinary Savings

FREE

Absolutely no monthly maintenance fees

EASY

Open online in just minutes

UNLIMITED

Deposit as much as you like

ANYTIME ACCESS

Liquid funds are always within reach, with no transaction restrictions

Frequently Asked Questions

  • New Member Savings may be opened within the first 30 calendar days of establishing membership. Limit one New Member Savings account per member; must be age 18 or older. “New Members” are individuals or businesses that have not had an account as primary owner within the previous 6 months. 

    Anyone who lives or works in the Oregon and Washington counties we serve is eligible to join Rivermark.**

*APY = Annual Percentage Yield. New Member Savings available to new members who meet the minimum requirements for each monthly qualification cycle. Limited to one account per member. To meet the minimum qualification requirements, you must: (1) be a new member to the credit union; 2) open a Rivermark checking account (excludes HSA); and 3) have one direct deposit of $100.00 or greater post to your Rivermark checking account each month. The monthly qualification cycle is defined as the first calendar day of the month through the last calendar day of the month. Account transactions may take one or more business days from the date the transaction was made to post to the account. After your account is opened for 12 months or if you do not meet all of the minimum qualification requirements during any monthly qualification cycle, your account will convert to a Savings account at the prevailing rates. A new member is an individual who has not had an open Rivermark membership in the last 6 months.

** Rivermark membership is available to anyone who lives, works or has immediate family in the Oregon and Washington counties we serve.  The Washington counties we serve: ALL  counties. The Oregon counties include Benton, Clackamas, Clatsop, Columbia, Coos, Crook, Curry, Deschutes, Douglas, Gilliam, Hood River, Jackson, Jefferson, Josephine, Klamath, Lane, Lincoln, Linn, Marion, Multnomah, Polk, Sherman, Tillamook, Wasco, Washington, Wheeler, and Yamhill counties. 

1National bank Average for Savings sourced from https://www.fdic.gov/resources/bankers/national-rates/ as of 02/28/2025.