Life’s unexpected moments like car repairs, medical bills, and broken appliances happen to all of us. An emergency savings account can keep you out of debt (and head held high!) when those inevitable moments happen.
The Emergency Savings Share Account
brightpeak partnered with Thrivent Federal Credit Union to bring you an emergency savings account that helps you save. How? For every savings milestone you hit, you get a cash reward. We like to call it a little ‘savespiration.’
Set up direct deposit to
automatically transfer money.
$1 MINIMUM BALANCE
You only need $1 to open and keep
your account in good standing.
Built in cash rewards to encourage
you to keep saving!
What are the savings rewards?
When you save at least $50 per month, we’ll add a little extra to boost your savings and encourage you to keep going!
REWARD INSTALLMENTS = $100
Separate is smarter
Have you ever heard anyone say, ‘out of sight, out of mind?’ Turns out it’s true. You’re less likely to dip into your savings if you’re not routinely viewing the balance. Setting up automatic deposits into an account outside of your regular bank is a good way to keep your emergency fund growing.
Sometimes our worst enemy is ourselves when it comes to building our emergency fund. It’s all too easy to use emergency savings for things like vacations, gifts or home updates. To help save you from you, our Emergency Savings Share Account charges a fee for any withdrawals or transfers exceeding once per month.
Thrivent Federal Credit Union’s Emergency Savings Share Account* offers competitive dividend and APY rates (compounded daily and credited monthly).
$25.00 – $999.99
$1,000 – $4,999.99
We help you build your savings faster. See how our rates (plus rewards) stack up when you save $50 a month continuously for 12 months with no withdrawals.
1. Fill out the online application*
2. Look for confirmation from Thrivent Federal Credit Union
3. Start growing your emergency fund!
FAQs about the Emergency Savings Share Account
You may open more than one account; however, cash rewards are limited to one account per household. We also offer joint accounts.
If you miss a deposit because you don’t have the necessary funds, or for an unexpected reason, don’t panic. Just give us a call at 888-726-9058.
Your account will remain open, but you must continue to manually make a deposit (or deposits totaling) $50 or more into your account every month to continue to be eligible to receive the cash rewards. We don’t encourage this as it is easy to forget and increases the temptation to spend the money before it goes into your savings.
If you need your money for an emergency, login to your online account or call the Thrivent Federal Credit Union at 866-226-5225 to make a transfer to your regular checking or savings account.
Thrivent Federal Credit Union will process and open your account within a few days. You will receive your account number and information to enroll in online banking in your welcome kit.
brightpeak financial offers a saving rewards program (the “program”) to its members who open a Thrivent Federal Credit Union (TFCU) Emergency Savings Share Account (the “Savings Account”). The purpose of this program is to help brightpeak members save at least $1,000 over two years in order to meet their savings goals and build financial strength.
By participating in the brightpeak financial savings rewards program, you give consent for Thrivent Federal Credit Union (“TFCU”) to share your TFCU Emergency Savings Share Account information on a regular basis with brightpeak financial for the purpose of determining eligibility and administering the savings rewards program. For this program, “account information” refers to information such as your account number, current balance, and any other information brightpeak needs to know to administer the saving rewards program.
By participating in this program, you authorize brightpeak financial (the “Company”) to send credit entries (and appropriate debit and adjustment entries), electronically or by any other commercially accepted method, to my (our) Emergency Savings Share Account, held at Thrivent Federal Credit Union (the “Account”). By participating in this program, you authorize the financial institution holding the Account to post all such entries. This authorization will be in effect until the Company receives a written termination notice from you and has reasonable opportunity to act on it.
To be eligible for the Program, you must meet, and continue to meet, the following requirements:
If a Program participant fails to meet any of the requirements at any of the times that brightpeak may be calculating reward eligibility, the program participant will not be eligible to receive the reward payment at that time. However, they will remain enrolled in the program and will have the opportunity to receive future rewards if all of the requirements are met for the each of the subsequent rewards. Each household is only eligible to receive rewards on one Savings Account. For the purposes of this Program, “household” is defined as all of the individuals who live together at a single-address residence.
Eligible Program participants will receive rewards payments based upon the amount of time that their Savings Account has been open and operated in accordance with the Program’s Eligibility requirements. Payments will be based upon the following schedule which starts on the first day of the calendar month following the Savings Account open date.
Reward payments will only be made to the TFCU Emergency Savings Share Account via an electronic funds transfer.
brightpeak financial reserves the right to change, modify or discontinue the Program or any part of the Program, at any time