Savings Account
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Do I have to pay taxes on my savings account?
According to the Internal Revenue Service, most interest paid to you or that is credited to...
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How much should I put into my savings account?
There is not limit to how much you can save, and the higher your balance,...
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Can you overdraft a savings account?
Yes, it is possible to over-draw from a savings account. Fortunately, all Credit Union of...
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Does opening or closing a savings account affect my credit score?
Opening or closing a savings (or checking) account is not reported by financial institutions to...
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Are savings accounts worth it?
Yes, it is always worth it to have a savings account. Whether you’re saving to...
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How can I calculate the interest on my savings account?
Saving money in a CU SoCal savings account with compounding interest can help you reach...
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What do I need to open a savings account?
You may open a CU SoCal savings account of your own or jointly with another...
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Can I open a savings account online?
Yes. At the Credit Union of Southern California, we make it easy to open a...
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What’s the difference between a savings account and a checking account?
Like their names suggest, a savings account is typically for depositing incoming funds to be...
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What is a savings account and how does it work?
A savings account, also called a “deposit account,” is available from credit unions, banks, and...
