Savings Accounts

Some of the Most Attractive Savings Rates Anywhere!

Compare Wave rates and you’ll find that we consistently come out on top anytime. Whether you’re looking for short term or long term savings, educational accounts or our other savings products, this is the place to save…and earn! In addition, many of our savings accounts let you borrow on the value of your account at an extremely low rate of interest.

Wave Share Savings

Wave Share Savings…ownership with interest.

A Wave Share Account is the foundation of your membership. We call it a share because it represents ownership in Wave Federal Credit Union. You can join the credit union with a $5 minimum deposit. Your share account earns interest and you can choose from a basic share account or, for higher interest plus additional benefits, open an Electronic Share Account. As an added advantage, borrow up to 90% of your Share balance at a rate 3% over the interest you are earning on your Share Account.

Basic Share

  • Earn interest
  • No monthly fees
  • Monthly/Quarterly statements
  • Low $5 minimum balance

E-Share

  • Earn a higher rate of interest than Basic Share
  • No monthly fees
  • Electronic statements
  • Low $5 minimum balance
E-Savings (High Yield)

E-savings is a great way to earn tiered interest rates while enjoying all the benefits of the electronic media. You’ll be able to access your account 24-7 from anywhere there’s Internet access, pay bills, get e-statements immediately at the end of the month, obtain advance notification of upcoming general promotions and more. Plus, you can borrow up to 90% of your E-Savings balance at a rate 3% over the interest you are earning on your E-Savings Account. You’ll also be doing your part by “going green.”

  • $2,000 minimum to earn interest
  • Tiered interest rate levels
  • Unlimited withdrawals per month
  • Convenient electronic statement
Certificates of Deposit

Whether saving for the short or long term, there’s a CD that’s just right for you. Choose terms ranging from 3 months to 5 years. Some of our CDs even have a “bump up” feature letting you increase the rate of your CD should interest rates increase during the period. You can also borrow up to 90% of your CD balance at a rate 3% over the interest you are earning on your Certificate of Deposit.

Club Accounts

Planning for the holidays or a vacation can be made easier by opening a Wave Club Account. Our Holiday account runs from October 1 to September 30 with distribution to your Share account in early October. Vacation Clubs run from June 1 to May 31 with distribution in early June. Club accounts are easy to open anytime and you can contribute as much or as little as you wish automatically. Deposit funds online, over the counter, by mail, payroll deduction or direct deposit.

Wave Share Savings

Wave Share Savings…ownership with interest.

A Wave Share Account is the foundation of your membership. We call it a share because it represents ownership in Wave Federal Credit Union. You can join the credit union with a $5 minimum deposit. Your share account earns interest and you can choose from a basic share account or, for higher interest plus additional benefits, open an Electronic Share Account. As an added advantage, borrow up to 90% of your Share balance at a rate 3% over the interest you are earning on your Share Account.

Basic Share

  • Earn interest
  • No monthly fees
  • Monthly/Quarterly statements
  • Low $5 minimum balance

E-Share

  • Earn a higher rate of interest than Basic Share
  • No monthly fees
  • Electronic statements
  • Low $5 minimum balance

E-Savings (High Yield)

E-savings is a great way to earn tiered interest rates while enjoying all the benefits of the electronic media. You’ll be able to access your account 24-7 from anywhere there’s Internet access, pay bills, get e-statements immediately at the end of the month, obtain advance notification of upcoming general promotions and more. Plus, you can borrow up to 90% of your E-Savings balance at a rate 3% over the interest you are earning on your E-Savings Account. You’ll also be doing your part by “going green.”

  • $2,000 minimum to earn interest
  • Tiered interest rate levels
  • Unlimited withdrawals per month
  • Convenient electronic statement

Certificates of Deposit

Whether saving for the short or long term, there’s a CD that’s just right for you. Choose terms ranging from 3 months to 5 years. Some of our CDs even have a “bump up” feature letting you increase the rate of your CD should interest rates increase during the period. You can also borrow up to 90% of your CD balance at a rate 3% over the interest you are earning on your Certificate of Deposit.

Club Accounts

Planning for the holidays or a vacation can be made easier by opening a Wave Club Account. Our Holiday account runs from October 1 to September 30 with distribution to your Share account in early October. Vacation Clubs run from June 1 to May 31 with distribution in early June. Club accounts are easy to open anytime and you can contribute as much or as little as you wish automatically. Deposit funds online, over the counter, by mail, payroll deduction or direct deposit.

Take the Plunge

Start riding your wave today. It’s easy. Just complete a simple application and spend $5 to purchase one share in the Credit Union. It’s a small investment in time and money that is sure to repay you many times over.

To open your account, or for more information, Contact Wave, call or visit a Wave office, or call our member services hotline at (401) 781-1020.

Start Your Application!

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Wave FCU Main Branch

Address: 480 Greenwich Ave, Warwick, RI 02886

Phone: (401) 781-1020
Fax: (401) 562-1290

Warwick Avenue Branch

Address: 1217 Warwick Ave, Warwick, RI 02888

Phone: (401) 463-9574
Fax: (401) 463-5161

 

MEMBER SUPPORT


If you need additional information or just want to give us feedback, please feel free to contact us.

 

BUSINESS HOURS

MAIN BRANCH
LOBBY HOURS
Mon-Wed: 9am - 4pm
Thurs-Fri: 9am - 5pm
Saturday: 9am - 12pm

Drive Up Opens
M-F: 8am / Sat: 9am

WARWICK AVENUE BRANCH
LOBBY HOURS
Mon-Wed: 9am - 4pm
Thurs-Fri: 9am - 5pm
Saturday: 9am - 12pm

Drive Up Opens
M-F: 8am / Sat: 9am

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