Savings Options

When you join KEMBA Indianapolis Credit Union, you’re not just a customer. You’re a member owner!  All it takes to become a member is a minimum $5.00 balance in a regular savings account.  Once you’ve established this account with KEMBA you can be a member for life!

All KEMBA members have a Membership Savings Account.  Make saving easy and manageable by adding extra accounts!  If you have goals to save for a vacation, the holidays or a special purchase, KEMBA has an account for that!  Watch your savings grow with KEMBA!

KEMBA savings accounts

Savings account options to help you save!

Membership Savings Account

All KEMBA members have this account.  Your membership savings account represents your ownership share in KEMBA.  Once this account is established,  you can access our other products and services!  There is a  minimum balance is required of $5.  With $50 or more on deposit, you will earn monthly dividends.

Holiday Club

This account can help you stash some cash away a little at a time to make holiday shopping season less stressful.  The available balance will be automatically transferred to your checking or savings account in late September. Any withdrawals made prior to the club being distributed are subject to a $15 early withdrawal fee. If you have $50 or more on deposit, you will earn monthly dividends.

Vacation Club

Make saving for vacation or other special projects easier by opening this separate account. You can withdrawal from a vacation club account 4 times each calendar year. Any excess withdrawals are subject to a $15 excessive withdrawal fee. If you have $50 or more on deposit, you will earn monthly dividends.

Miscellaneous Club

Our miscellaneous club can help you save money for a special purchase.    With a  a separate account, you’ll find it easy to track and manage.  There are no limits on withdrawals.  Balances of $50 or more earn monthly dividends.

Money Market

With at least $2,500 on deposit, our money market offers tiered based dividends.  Our Money Market also offers checks. You may withdrawal from this account 6 times per month, and three of your withdrawals can be made with your money market checks. A $15 excessive withdrawal fee will be assessed for more than 6 per calendar month.

Special K Club

Our Special K Club is limited to two withdrawals per year to help you save for a special purpose or project. More than two withdrawals in a calendar year will be subject to an excessive withdrawal fee.  This is a great way to save for taxes, license plates or any other annual expense.


You’ve worked hard for your money, now let it work for you!  With a variety of available terms, you can plan your savings and earn a higher rate. We offer:

  • Share Certificates – Start yours with at least $500. A penalty will be assessed if you withdraw before maturity.
  • Investment Certificates – This option can earn a higher rate as compared to our share certificates; there is a substantial penalty for early withdrawal.


With a variety of options we can help you save for your retirement. IRAs are a great place to deposit rollover retirement plans you have with previous employers. You can even set up payroll transfers to make contributions. Speak to your tax advisor to see which option is best for you. We offer:

  • Traditional IRA
  • Roth IRA
  • Educational Savings Accounts

If you need assistance, feel free to contact us!