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Start small, dream BIG with 10% APY!
10% APY on your first $1,000* and a rate that’s great at any balance is a big deal—but that’s just how we do things. orsa credit union goes big for our members so that your savings can go even bigger! Whether you need a boost to get your savings started or just want to earn some extra on the side, the orsa High Yield Savings Account is all about getting a great rate for a speedy start, so that it turns into even more savings down the line.
High Yield Savings Benefits
Reach new heights
Our High Yield Savings has a lot to highlight, but we’ll keep it high-level.
Earn 10% APY
It’s easy to start strong when you earn 10% APY* on the first $1,000. No rush—even when you pass the balance threshold, your first $1,000 still gets our great 10% APY rate!
No fees
Upkeep fees don’t exactly help to keep up the progress, and we’re not down with that–so we dropped them completely.
No minimums
With no minimums to earn dividends, anything you put in means progress. It’s a lot easier to get in the practice of saving when you can see it work right from the start!
Only $5 to open
$5 is all it takes to start your orsa High Yield Savings Account. That’s not a cost to you, either! It goes right into your account, getting the growth going.
High Yield Savings Details
What’s your savings stack?
Boosting your savings couldn’t be easier with clear, simple benefits.
- No fees
- No minimum to earn dividends
- Boosted savings rate beyond your first $1,000*
- grow & give! Connect your CloseEnuff® checking and boost your savings even more with round up savings every time you make a debit card purchase
- Federally Insured by the NCUA up to $250,000 with additional Excess Share Insurance up to $100,000
- Only $5 to open!
High Yield Savings
Date Updated Mar 11, 2026
Minimum to Open | Minimum to Earn Dividends | Dividend Rate | APY* |
|---|---|---|---|
High Yield Savings |
|
|
|
$5 | $0 | 9.57% | 10.00% on balances up to $1,000* |
|
| 0.10% | 0.10% on balances up to $1,000* |
*APY = Annual Percentage Yield. APY may change before or after the account is opened. Fees may reduce earnings. Goal Setter Accounts require monthly auto deposits to earn dividends, subject to penalty for early withdrawal. Rates are subject to change at any time. orsa credit union membership is required. orsa Fee Schedule.
High Yield Savings
Start your savings journey today
Got five minutes and five bucks? You can start boosting your savings now!
High Yield Savings Uses
What can you use High Yield Savings for?
High Yield Savings was built with every Michigander in mind. Wherever you’re going, it’s here to help get you there. Here are just a few ways it helps people like you Dream Wild™.
Moms
Plan that next girl’s trip, garden makeover, or exotic family vacation—you’ve earned it! Besides, big purchases are a High Yield Savings specialty.
Students
Saving for your dream school? Sick of driving the family car and want something of your own? No worries, High Yield Savings was made for fast starts.
Teachers
Save up for yearly school supplies or splurge on a lazy summer break. While you’re busy teaching, High Yield Savings is busy stacking your cash.
Your Roadmap to Gains
High Yield Savings is only the beginning
A high balance in your High Yield Savings is just the start. When it’s time to take the next step in your savings journey, we’re here to keep your growing going.
The place for savers
Guide
Cost Effective Alternatives to Streaming Services
With average monthly spending on streaming creeping up towards $100, it’s no wonder many are looking for alternatives to streaming services they’re tired of paying for. Here, we’ll break down both alternative streaming services that can lower your costs and ways to fully replace streaming with alternatives. You might be surprised at how much you can save by taking advantage of alternatives.
Guide
How to Easily Cancel Your Subscription Services
Here, we’re laying out how to find subscriptions, cancel them, and avoid getting stuck with too many expensive subscriptions you don’t need in the future. Taken together it’s a few easy steps that can make a serious difference in your day-to-day finances… and your financial future.
Guide
How to Save Money on Streaming Services
With Americans now spending around $70 a month on services like Netflix and HBO, plenty of Michiganders are wondering how to save money on streaming services. Even if you like and watch the services you have, there are practical ways to cut those monthly bills. Below, we explain how.
Frequently asked questions
High Yield Savings Account FAQ
Learn more about our High Yield Savings Account here. Or call our Care Center at (877) 937-2328 for anything we didn’t cover!
The orsa High Yield Savings Account is meant for bigger savings over shorter periods of time, with a boosted rate on balances below $2,000†. Our other savings accounts typically feature a single rate, regardless of your balance.
Our High Yield Savings Account is not an investment account, meaning that it is just as safe as a standard, typical savings account, but with boosted APY.
While a High Yield Savings Account isn’t typically considered an alternative to investing, depending on your financial strategy and where you are in your financial journey, it can be a strong part of your portfolio.
If you don’t currently have an emergency fund and haven't paid off high-interest debt prior to beginning your investing journey, a High Yield Savings account can be an ideal way to help make it happen faster.
Want to learn more about how to boost your financial future? If you’re currently an orsa member, ask us about free financial planning and wellness or tap to get connected to investment professionals.
No. Our High Yield Savings Accounts are limited to one per member, but we have plenty of other great ways to help you save at the same time, from regular savings accounts to CDs or our Money Market!
No. Our High Yield Savings Account is not an investment account, meaning that it is just as safe as a standard, typical savings account, but with boosted APY. Plus, as a credit union savings account, it’s Federally Insured by the NCUA up to $250,000.
Nope! There is no credit involved, so it will not impact your score. In fact, having savings stashed away is a great way to make sure that you can pay off other lines of credit you may have open. In that case, it could be a way to help you improve your score!
High Yield Savings Account is built for growing your money and keeping it secure, so it doesn’t offer the check-writing ability you’d find in a checking account. If you’re looking for the flexibility to spend while still getting a return on your savings, we recommend checking out our Money Market Account!
Anything! Our High Yield Savings Account is designed to give you a fast start to your savingswhile still offering a great rate at any amount, so it’s perfect for students and young adults starting fresh, or for families that want to keep their long-term growth going. You can use to save for a big purchase, build an emergency fund, prep for upcoming expenses, or to simply just grow your money while going about your life!
Other ways to save
The place for savers
We’ve got something for just about any savings goal, whether that’s a speedy start with our High Yield Savings Account, steady growth with a long term, low-effort CD, or the flexibility to spend and save with a Money Market.
What We Do
Making Impossible Dreams come true on the daily.
Wherever you are on your financial journey, you Belong here.
