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REAL GROWTH. ON AUTOPILOT.

Share / Savings Accounts

Progress. Peace of mind. More control over your financial future. A savings account puts it all in reach—and helps you reach goals faster with rewarding member-only perks like competitive monthly dividend deposits.

Earn more and pay less: Become a member and open your Share/Savings Account today.
Get started
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*BONUS ALERT*

Refer a friend. You both win.

Refer a member today, and when they open select accounts, both of you will receive a bonus.* (It’s our way of saying thank you for your loyalty and support.)
Refer A Friend
Built-In Benefits

Flexible, fee-free savings accounts that pay off.

  • Minimum $5 opening balance
  • Unlimited deposits
  • Dividends paid monthly on your average daily balance
  • ATM Access available with checking account debit card
  • Direct deposit/payroll deduction
  • Monthly (or quarterly) statement with checking account
Find Out More
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A Quick Breakdown

Which savings account is right for you?

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It's All About Our Members
“Great experience, staff go above and beyond to make sure you’re taken care of!”
— Patricia G.
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Another AllCom Perk

Save for the future without thinking about it.

If staying on top of your goals is tough, let our team simplify savings for you. See how easy it is to stay on track by setting up monthly payroll deductions or automatic transfers. Stop in and we’ll do the legwork for you; just tell us what and when.

Our Locations
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New to Allcom?

Thinking about opening a checking account, but want to know more about AllCom and the credit union difference before becoming a member? We’ll walk you through the benefits—and our 100+ years of all-in customer service.
About Us
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Account Disclosure

Wondering what information AllCom will need from you before opening your share / savings account? Click for a quick breakdown of our new account procedures.
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Educational Resources

No Budget For Saving? That’s Fixable.

If you feel like money is too tight to squeeze savings in, you might be surprised to learn that…

Read Blog
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Frequently Asked Questions

Questions? We’ll save you some time.

It’s the credit union term for a savings account. When you open one, you’re not just depositing money; you’re buying a share of the credit union, which makes you a member-owner. That’s the whole model: members pool their resources, and the credit union uses them to offer better rates and lower fees to everyone in it. It functions exactly like a regular savings account in practice.
It means the credit union exists to serve you, not to generate returns for outside investors. When AllCom does well, the benefit comes back to members through better savings rates, more competitive loan rates, and a team that’s genuinely motivated to help you succeed. You have a vote. You have a voice. And you have a financial institution that has skin in the game alongside you.
Just $5 to open a Savings account, and $25 to start earning dividends on a Share Savings account.
Yes. Every deposit at AllCom is insured in full through a combination of NCUA federal insurance and MSIC (the Massachusetts Credit Union Share Insurance Corporation). That’s a higher level of protection than the standard $250,000 NCUA limit. All of your deposits are covered, period.
The Share Savings account currently earns 0.02% APY on balances starting at $25. That’s a base rate for a highly liquid account with no restrictions. If you’re looking to earn more, a Money Market Account or Certificate will get you there.

Yes! Many of our members have multiple savings accounts for different goals.

Very. You can transfer between accounts instantly through Online Banking, the mobile app, or by calling our phone banking line 24 hours a day.
Both are liquid savings options, meaning you can get to your money when you need it. The difference is rate and minimum balance. A standard Share Savings account earns 0.02% APY with a $25 minimum. A Money Market Account earns 1.00% APY with a $2,000 minimum, and our Premium Money Market accounts go higher from there based on balance. If you’ve got $2,000 or more to park, a money market earns you a lot more.
It stays in the community. AllCom uses member deposits to fund the loans that other Worcester-area members take out: Mortgages, auto loans, personal loans. The money circulates locally, not to some distant investment fund. That’s the nature of a member-owned credit union: Your savings help your neighbors, and their deposits help fund your loans.

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Opening an account is easy.

Open your checking account online anytime, or bring your printed application to the branch during business hours. Whichever option you choose, our team will guide you through the process and help you get started.

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