Simple SAVINGS Account

Your first step to Pelican membership — and a smarter way to save. Earn tiered dividends, pay no monthly fees, and open as many accounts as you need to keep your goals on track.

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Keep Things Simple with Pelican

Your first step to Pelican membership — and a smarter way to save. The Simple Savings account is Pelican's foundational savings account. It earns tiered quarterly dividends, carries no monthly service fee, and lets you open multiple accounts to track every savings goal separately.

Competitive rates on balances of $100,000.01 and above
No monthly service fees
Tiered dividends paid quarterly on balances of $100.01 and above­
Open a Simple Savings Account

Simple Savings, Built Around Your Goals

Most people save with one account and one big number. Simple Savings lets you open as many accounts as you need, each named for a specific goal. Vacation. Emergency fund. New car. Down payment. Every goal gets its own balance, tracked separately in the MyPelican Mobile App so you always know exactly where you stand.

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Savings that fit how you actually live

A Pelican Savings Account gives you the essentials of everyday saving, without monthly fees or extra requirements.

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Up to 0.60% APY

Earn up to 0.60% APY on balances of $100,000.01 and above, helping you get more from higher balances without extra effort.

Tiered dividends paid quarterly

Tiered dividends are paid quarterly on balances of $100.01 and above. The more you save, the more you earn.

Easy access when you need it

Make up to 3 fee-free withdrawals per month, with a $5 fee for each additional withdrawal.

No monthly service fee

Your balance stays your balance, with no monthly cost to maintain the account.

Organize your savings your way

Open multiple Simple Savings accounts to separate savings goals. It’s an easy way to track progress without mixing funds.

NCUA-insured up to $250,000

Pelican savings accounts are federally insured by the NCUA. Money Market accounts include Excess Share Insurance, providing up to $1,000,000 in coverage.

An Account For Every Goal

One Membership, Unlimited Savings Accounts

From everyday savings to future goals, Pelican makes it easy to save, organize, and grow your money. Here are examples of how Pelican members have used Simple Savings:

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Ready To Open An Account?

Your next chapter deserves a financial partner that puts you first. Whether you are leveling up everyday banking, growing savings that actually work for you, or locking in a rate for the long haul.

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An account for every goal

When you open your account, you become an owner, not a line item on someone else's earnings report.

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