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Pet Savings Accounts

Feb. 25, 2013
Personal Finance
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That’s right, pet savings accounts. Now, I know what you’re thinking: “What could my pet possibly need a savings account for? Well, as many pet owners know, it’s not easy or cheap to own a pet. Unexpected injuries, illnesses or other medical issues can quickly rack up major bills, and you are left scrounging for the funds to pay them. Pet savings accounts allow you set aside money so you can prepare for these kinds of events. Some of them even offer interest, so your money grows while you save!

Help your pet, help your wallet

Pet savings accounts not only help you prepare for medical expenses, they also are a great alternative to pet insurance. With a pet savings account, you know exactly how much of your money is going into the account and how much is available. There is no arguing with insurance companies about premiums, deductibles or co-pays. The money is yours to use as you decide. We’ve found pet savings accounts at credit unions and community banks across the country. Help your pet by opening a pet savings account today.

Pet Pride Club – Marathon Savings Bank (Wausau, WI)

Marathon Savings Bank knows your pet is a part of the family, and they should be treated as such. The Pet Pride Club account is just for the pets, and offers special Pride Perks for your little buddies. The club has its own Facebook page and you are invited to share pictures and memories of your pets. Your money is always safe whenever you need to access it. Marathon Savings Bank has branches in Wausau, Rothschild, Mosinee and Rib Mountain, Wisconsin.

Pet Savings Account – Washington Savings Bank (Lowell, MA)

The Pet Savings Account at Washington Savings Bank helps you ease the burden on your wallet. All you need to do is set up a $25 monthly auto transfer from your checking account in order to open it. You get competitive interest on the balance and free membership in Pet Assure, which offers 25% savings on veterinary services at participating vets and 5 – 35% savings on pet supplies. You also get free pet tags, lost pet locator service and a pet photo debit card. Not to mention, the bank will make a $10 donation to the Lowell Human Society when you open the account. Washington Savings Bank has branches in Lowell and Dracut, Massachusetts.

Pawsitive Savings – Farmers Trust and Savings Bank (Spencer, IA)

Pawsitive Savings is a special service offered by Farmers Trust and Savings Bank to its pet-owning customers. It’s a pet health savings account that helps you prepare for medical expenses. You start with a $50 membership deposit and you earn competitive interest, as well as special rewards, like coupons and rebates. The account is free, and you get a special debit card with your pet’s photo on it. With all these incentives, there is no reason not to start saving with Pawsitive Savings. Farmers Trust and Savings Bank is located in Spencer, Iowa.

Pet Savings – River Valley Credit Union (Miamisburg, OH)

One way you can help your pet is by opening a Pet Savings account at River Valley Credit Union. For just $5, you’ll get access to an interest rate that matches the credit union’s basic savings rate and you’ll have easy access to your funds whenever you need them. River Valley Credit Union has branches in Miamisburg, Dayton, Beavercreek, Springboro and Middletown, Ohio. Membership is available to those who live, work, attend school or worship in Montgomery, Greene, Butler, Warren, Miami and Clark counties, Ohio.

Pet Pals Savings Club – Enrichment Federal Credit Union (Oak Ridge, TN)

Enrichment Federal Credit Union knows how much your pet means to you, and they’ve created the Pet Pals Savings Club just for your critter. Whether it’s routine care, medication or grooming fees, this account will help you be ready. It’s just $10 to open, and you get a special pet-related gift for joining the club. Each deposit you make adds you to a quarterly drawing for a PetSmart gift card, and each quarter Enrichment Federal Credit Union will donate $1 to a local animal shelter or nonprofit for every new Pet Pals account opened. The credit union is pet-friendly, so make sure you bring your animal friend along when you open the account. Enrichment Federal Credit Union has branches in Oak Ridge, Knoxville, Clinton, Kingston and New Tazewell, Tennessee. Membership is open to those who work, live, worship or go to school in Anderson, Knox, Blount, Loudon, Union, Roane, Scott and Claiborne counties, Tennessee.

Pet Savings – Chaco Credit Union (Hamilton, OH)

Chaco Credit Union wants you to be financially prepared for your pet, and they know you’ll rest easy with a Pet Savings account available when you need it. The account earns competitive interest, and if you sign up for a $25 direct deposit, you’ll get a free leash. Be there for your pet with Pet Savings. Chaco Credit Union has branches in Hamilton, Oxford, Fairfield and West Chester, Ohio. Membership is open to anyone who lives, work, attends school or worships in Butler, Hamilton, Preble and Warren counties, Ohio.

Bank With Bella – Superior Credit Union (Collegeville, PA)

You can Bank with Bella when you open a Paws Savings Account at Superior Credit Union. This is a special, high-yield savings account that earns 5% APY on the first $500 you deposit. You also have the option of a Paws Loan, a special pet loan for vet-related bills. Pets are not just welcome, but loved, at Superior Credit Union. Branches can be found in Collegeville, Royersford and Gilbertsville, Pennsylvania. Anyone who lives, works, worships or attends school in Montgomery County, Pennsylvania can join.

Pet Sub-Savings Account – Isabella Community Credit Union (Mt. Pleasant, MI)

The Pet Sub-Savings Account is linked to a regular savings account, and has no minimum balance requirements or withdrawal limits. You can use the account to store funds for pet care. As an added bonus, the credit union will give dog bones to any dogs that visit a drive-thru at select locations. Isabella Community Credit Union has 4 branches in Mt. Pleasant, Michigan, including a student-run credit union. Membership is available to those who live or work in Isabella, Osceola, Clare, Gladwin, Midland, Gratiot, Montcalm and Mecosta counties, Michigan.

Critter Club – Belco Community Credit Union (Harrisburg, PA)

Belco Community Credit Union’s Critter Club is a great savings option for your critter. There is no minimum balance requirement, and the account earns interest on balances of $5 or more. Deposits of $75 or more automatically enter you into monthly prize drawings. You also get discounts at participating “Pet Partners”, and you get a Critter Club Card when you open the account. Belco Community Credit Union has branches in Harrisburg, Lancaster, Lebanon, Mechanicsburg, Camp Hill, Gettysburg and Hanover, Pennsylvania. Membership is open to those who live or work in Adams, Cumberland, Dauphin, Lancaster, Lebanon, Perry and York counties, Pennsylvania.