Savings Accounts
Your Path, Your Savings
Credit Union Savings Accounts Help You Save For What Matters Most
At Canyon View Credit Union, we believe everyone deserves a clear path to a stronger financial future. That’s why we offer a range of savings options designed to fit every budget, every goal, and every stage of life. Whether you’re building your first emergency fund, saving for something special, or growing long-term wealth, we’re here to support you with accounts that make saving simple and flexible. Explore your options below and find a trusted path for your financial journey.
High Yield Savings
A High Yield Savings account to help your money grow
Our High Yield Savings account is designed for members who want to see their savings climb. It’s perfect for building an emergency fund, a car fund, or simply growing your money faster over time.
What is a High Yield Savings account?
A High Yield Savings account pays a higher dividend rate than traditional savings accounts, helping your money grow more quickly. With consistent activity, your savings can gain momentum to reach your goals faster.
This account earns dividends on an inverted tier structure meaning you can earn higher dividends on a lower balance.
Stay active and unlock an enhanced rate on your savings
- Maintain direct deposit of $1,000+ per month
- Complete 25+ debit and/or credit transactions of $5+ per month
- If you don’t meet criteria, you’ll still earn Primary Savings yield and you'll start earning high yield dividends again as soon as the direct deposit and transactions criteria are met
- You can enjoy one High Yield Savings per account
Inverted Tier, Maximized Opportunity
- $0–$2,500 (highest yield)
- $2,500+
- If High Yield Savings criteria isn't met, you'll still earn Primary Savings yields
Already a member? Easily add a High Yield Savings account in online banking.
*Dividend rates are based on balance and qualifying criteria.
How much can I save?
Primary Savings
A traditional dividend-earning savings account
Your Primary Savings is the first account you open when you join as a member at Canyon View Credit Union.
What is a traditional savings account?
A traditional savings account offers easy access to your money while also ensuring it stays in a secure, federally insured institution. Some traditional savings accounts also pay interest on your balance so they are both safer and more lucrative than other savings methods (i.e. checking accounts or storing your savings under a mattress). Shopping for rates and terms before choosing your savings account is a safe way to save for a rainy day or earn dividends on the money you save.
Save money and access it at your convenience.
- $10 minimum balance (required for membership)
- Earns dividends on your entire balance
Secondary Savings
Want more than one savings account to manage your money?
Our secondary savings account is a great way to save for a down payment on a home, a new car, or the vacation you’ve been waiting for.
Set aside money for something special
- No minimum balance
- Earns dividends on your entire balance
Already a member? Easily add a Secondary Savings account in online banking.
Open an Account
Apply online, visit your local branch or call us at 801-481-8800 to get started.
Educational Savings
A Savings account to help you pay for your child's education
Contributions are not tax-deductible, but you can withdraw money tax free for educational expenses.
Watch your money grow up too
- Contribute up to $2,000 a year for each child
- Dividends grow tax-deferred on entire balance*
- Contribute until child is 18 and anyone meeting income requirements can contribute
- For qualified elementary, secondary, and post-secondary education expenses
*Members should seek the services of a tax professional regarding their specific tax situation.
Open an Account
IRAIndividual Retirement Account
Start saving now so you can enjoy a comfortable retirement
Our IRA options can help you save the money you need to feel secure and confident when it’s time to retire.
We offer both Traditional and Roth IRAs*
- $500 to open IRA account**
- Earn dividends on entire balance
- No monthly fee
- IRA Accumulator option can help you keep your money liquid
*See IRS guidelines for IRA rules about contributions, withdrawals and
how to avoid withdrawal penalties.
**No minimum requirement
for IRA Accumulator option.
Open an Account
Christmas Club
Save all year for your Christmas expenses!
Smart holiday planners start saving early to build up savings before the Christmas season brings all those extra expenses.
Easy set up so you can start saving
- No monthly fee or minimum balance
- Earns dividends on the entire balance
- Money will be automatically distributed to your checking, savings, or via check on the Friday after Thanksgiving*
*To help encourage saving, this account will be closed if any early withdrawals are made
