Savings, Checking, and more at CECU
The Right Tools for Your Every Day, and Your Someday.
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Checking
Life moves fast enough—your bank account shouldn’t slow you down. At CECU, we believe your hard-earned money belongs to you. That’s why our checking is straightforward, local, and truly free. No hoops to jump through, just the tools you need to manage your day-to-day.
What you get with every account:
Zero Fees*: No monthly service fees and no minimum balance requirements.
Earn While You Save: High-yield interest on your balance that beats the big banks.
Total Access: A free Visa debit card with access to thousands of ATMs nationwide.
Digital Tools: Online bill pay, mobile account access, and digital check images.
The Extras: Free direct deposit and unlimited check writing (plus a free box of checks every year for our members aged 55+).
We offer easy overdraft protection that links to your savings or a line of credit to cover you when things get tight. For those who qualify, our Courtesy Overdraft* provides extra protection from bounced checks at a cost below those at check cashing businesses. We’re here to keep your finances moving forward.
Savings
Whether you’re tucking away a little “just in case” money or saving up for something big, we’re here to help that balance grow faster. Our rates consistently beat the local average, so your hard work goes further right here in Knoxville.
Better Growth: Earn more than you’ll find at the big banks down the street.
Easy Access: Use your debit card or hop online anytime to manage your cash.
Safety Net: Link it to your checking to keep yourself covered from accidental overdrafts.
Total Control: Move money 24/7 via online banking or our simple automated phone line.
More Accounts that We Offer
Certificates
Certificates from City Employees Credit Union are a reliable way to increase your earnings if you don’t need immediate access to your funds. With a minimum deposit of $2,500, you can secure a higher rate of return by committing to a longer-term investment. Because we pay interest monthly, your balance compounds over time, steadily increasing your overall yield. It’s a straightforward, secure path toward reaching your long-term financial goals alongside a team you trust.
IRAs
Planning for the future is one of the most important things you can do for yourself and your family, and we’re here to help you get it right. An IRA at City Employees Credit Union is a dependable way to build your long-term savings with competitive rates and the benefit of tax-deferred growth. Whether you’re looking for the potential tax deductions of a Traditional IRA or the tax-free withdrawals of a Roth IRA, we can help you decide which path fits your goals. We also offer Education IRAs to help you set aside up to $2,000 a year for schooling, allowing those earnings to grow tax-free. It’s about making sure your money is working as hard as you do so you’re ready for whatever comes next.
Club Accounts
Saving for those big moments in life is a lot easier when you have a dedicated plan in place. Our Vacation and Christmas Club accounts are designed to help you set money aside throughout the year so you’re ready when the season arrives. Both accounts offer a higher dividend rate than a standard savings account, giving your balance an extra boost while you save. Your Vacation Club funds pay out on March 31—just in time for spring break—and the Christmas Club pays out on September 30, so you can get a head start on your holiday shopping. It’s a simple, steady way to make sure the funds you need are there right when you need them.
Dedicated Savings
Our Dedicated Savings accounts are built to help you organize your money around your real-life goals. Whether you’re setting aside funds for your child’s education, preparing for property taxes and insurance, or simply planning for a future expense, these accounts keep those savings separate and on track. It’s a practical way to manage your upcoming costs today so you aren’t caught off guard tomorrow. We’re here to help you tuck that money away safely, making it easier to stay focused on what matters most to you.
Money Market Savings
A Money Market account with us is a great middle ground when you want to earn more on your savings but still need to keep your funds accessible. It’s designed to maximize your dividends while offering more flexibility than a Certificate. You can get started with an initial $500 deposit, and while there’s no minimum balance to maintain, your earnings will increase once your balance passes the $25,000 mark. To help your savings stay on track, we allow up to three withdrawals each month—giving you a bit of extra growth without locking your money away.
Youth Programs
Helping the next generation get a head start is one of the most rewarding things we do here. At CECU, we’re focused on teaching our young members the value of a dollar and the long-term benefits of starting early. Whether it’s through interactive financial tips for kids or helping a teenager navigate their first checking account and debit card, we’re here to support your family every step of the way.
As they grow, we offer a credit starter program designed to help young professionals build a solid financial foundation without the high costs often found elsewhere. We’re also proud to support our local students’ futures with an annual $2,000 college scholarship available for graduating high school seniors. It’s our way of investing in the neighbors who will lead our community tomorrow.