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“Jordan is a fantastic contributor to an array of salesforce efforts”

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Rahat Ahmed 

CEO at Anchorless Bangladesh

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Share Savings Account
Hassle-free saving
Start saving for the future with just a $5 deposit. A Share Savings Account is essentially a regular savings account, and it provides a hassle-free way to save.
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Competitive Rates
Enjoy competitive rates and personalized service. Open an account today and take the first step toward your financial goals.
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Benefits of Share Savings Accounts
Share Savings Account Details
Our savings account is more than just a safe place to park your money and earn interest. It’s the foundation of your Legacy Credit Union membership and gateway to financial growth in Birmingham, Alabama. Even though it’s called a Share Savings Account, it works as any other regular savings account.
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Legacy Credit Union Regular Savings Rates
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What Our Members Have to Say.
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“This place is great! The entire staff was very welcoming and helpful."
- Dominique M.
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Saving Account FAQs
Is your Share Savings Account FDIC insured, as other regular savings accounts?

No. Your deposits at Legacy are insured by the National Credit Union Administration (NCUA), not by the Federal Deposit Insurance Corporation (FDIC).

Is there a daily balance or minimum balance requirement?

Yes, you are required to keep just your initial $5 membership deposit in your regular savings account, also known as a share savings account, through the life of your membership.

Can I add another account holder to my account and link my savings to my Legacy Credit Union checking account?

Yes, you can do both! It’s handy for joint financial objectives or managing family funds.

What documents do I need to open a Share Savings Account in Birmingham, Alabama?

You’ll need a valid government-issued ID and social security number to open an account.

What other types of savings accounts does Legacy Credit Union offer besides the Share Savings Account?

We provide various financial solutions, including Money Market Accounts, Share Certificates, and specialized club accounts. Contact us for more details.

What is a Share Savings Account?

Our Share Savings Account is the same as a traditional savings account. At Legacy, we use the term “share” because this savings account represents your share of the credit union as a member and part owner.

Even though they work as regular savings accounts, Share Savings Accounts normally offer higher interest rates, lower minimum to open, and fewer fees than the savings accounts offered by other financial institutions.

This account is your gateway to becoming a member of our credit union and enjoying all the benefits that come from being a member and part owner.

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Rates are current as of 5/15/2025 and are subject to change without notice.
*APY = Annual Percentage Yield.
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