Spare Share Savings

Weave yourself a solid safety net.

Our Spare Share Savings is our "here just in case" account. A great second savings account option for building an emergency fund or putting away cash to plan for a big purchase.

Spare Share Savings Account 101

A Spare Share Savings account is all about savings that are here for you. Whether you’re creating a cushion in case of emergencies or stacking money away for a down payment, car, or that dream vacation, this is a place to keep your spare savings safe and watch it grow.

Spare Share Savings Account Rates

Type Dividend Rate APY* Balances Dividends Compounded Dividends Credited
Spare Share Savings Account
Dividend Rate:
$50 Minimum Balance to Earn Stated APY
Dividends Compounded:
Dividends Credited:

*APY = Annual Percentage Yield.

Fees may reduce earnings on the account. Rate may change after account opening. Rate is accurate as of July 15, 2022.

Click the button below to see our Rate and Fee Disclosure.

Spare Share Savings Account Benefits

Always in your pocket

On the couch or on the go, keep your money close with our Mobile App and Online Banking.

Where you go, we go

Credit Unions around the world work together to make sure our members can use branches and ATMs everywhere — surcharge-free. Nice, right? Download our CO-OP app and plot your next getaway.

Save more earn more

Money still doesn’t grow on trees, but Fortera savings accounts do collect dividends quarterly. (Dividends are extra earnings for all your hard-won savings.)

Goal setting made simple

Our skilled experts are easy to reach and happy to help. For members and non-members alike, meetings and consultations are always free, so make the most of your money, on us.

Rest easy

With us, your money is always protected and insured by the National Credit Union Administration. You’re covered on all deposits up to $250,000, so save away.

Access your cash

Enjoy limitless (yep) cash withdrawals from any branch. Nothing like the smell of your own hard-saved green.

Statements that save

....Trees, space, and worry. Always enjoy access to 18 months worth of e-statements. Keep more trees, toss your file cabinet, and know your info is always safe and sound.

Get by with a little help

Or even a lot. Either way, we’re here. Call, text, or chat with our experts anytime you need a friend who knows all things Fortera.

Get started!

Get ready for the good times (and emergencies too) when you open a Spare Share Savings Account today.

Need a hand?

Tag us in. Whether you are on your couch or halfway around the world, use Fortera Video Chat to get quick answers from a friendly face.

Who is eligible to open a Spare Share Savings Account?


To be able to open a Spare Share Savings Account, you must meet the following eligibility requirements: (1) You must be 18 years of age or older (2) You must live, work, worship, or attend school in one of our service regions; join an affiliated partner, or have an immediate family member who is a Fortera member. Our service regions include Montgomery, Stewart, Chester, Decatur, Lewis, McNairy, and Perry counties in Tennessee or Christian, Trigg, Todd, McLean, and Webster counties in Kentucky. Residents of other counties in Tennessee, Kentucky, Alabama, and Arkansas may also be eligible.

What are dividends and how do they work for the Spare Share Savings Account?


Dividends are extra money that your account earns just by being open and meeting our minimum account dividend earning value. The Spare Share Savings Account earns dividends quarterly as long as your account has at least $50 deposited in it. It is just another way we like to say thank you to our members for trusting us with your hard-earned "dough". To learn more about what the current dividend rate is and our other savings accounts that earn dividends, please see our Rate and Fee Disclosure.

How much does it cost to open a Spare Share Savings Account?


We charge $5 to open a Spare Share Savings Account. That $5 goes directly into your account as your account minimum.

Can I set up automatic transfers to a Spare Share Savings account?


Yes! We make depositing in this account easy. Simply let one of our team members know that you would like to do this when you open your Spare Share Savings Account or do it yourself in our Online Banking Portal.

What documents do I need to open a Spare Share Savings account?


To verify your identity, we always ask that you come prepared with a government issued ID. It is important that it is not expired. Examples of acceptable IDs include a State Driver's License or a U.S or Foreign Passport. If we have trouble validating your ID, we may ask for a secondary ID. For children, we have a variety of other documents we can use to verify identities. These include social security cards, birth certificates, medicaid cards, and insurance cards. If you have a question about whether or not an ID can be used, just text us at 931.431.6800.

Can I open a Spare Share Savings account online or do I need to open it at a branch location?


You can open this account online or in-person. The choice is yours.

Emergency Savings Calculator


Having adequate emergency savings can make unforeseen unemployment, auto repairs, medical emergencies, property damage, and even legal issues more manageable. With adequate emergency savings, you can focus on how to best meet your family's needs, rather than worrying about finding the money to handle these difficult situations. This calculator helps you determine how much emergency savings you may need, and how you can begin saving toward this important goal.

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What's New

Nitty, gritty, and super important.

Fine print is your friend. When you have a minute, give these a good read:
Fees and Rates
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