Products
Savings Accounts
Preferred Savings Account
Looking for a savings account that will give you the most bang for your buck? Look no further than a GFCU Preferred Savings Account! This reverse-tier savings account is set up to get you the most back for your money. (See how much you can earn with our savings calculator below!)
- Minimum of $5,000 to open (new funds only**)
- Must maintain a daily balance of $5,000 to earn dividends
- No monthly service fees
Preferred Savings Calculator
Deposit range is $0–$99,999,999
| Tiers | Rate |
|---|---|
| $0 | 3.00% |
| $0 | 2.00% |
| $0 | 1.00% |
| $0 | 0.60% |
| $0 | 0.50% |
| $0 | 0.40% |
This savings calculator is for illustrative purposes only and does not reflect the actual results of any specific deposit amount.
Preferred Savings Rates
| Total Funds In Account | Dividend Rate | APY Range |
|---|---|---|
| $5,000.00* | 1.50% | 1.51% |
| $5,000.01- $10,000.00 | 1.00% | 1.51%-1.26% |
| $10,000.01- $20,000.00 | 0.60% | 1.26%-0.93% |
| $20,000.01- $80,000.00 | 0.50% | 0.93%-0.61% |
| $80,000.01 or greater | 0.45% | 0.61% - 0.50% |
*APY is Annual Percentage Yield. APY is effective as of 08/04/2020. First $5,000 deposited must be new funds. New funds are funds not on deposit at GFCU at the time the account is opened. **New funds are funds not currently on deposit at Generations FCU.
Not a Generations FCU Member?
In order to open a Preferred Savings Account, you must establish membership with GFCU. There are many ways to qualify for membership. Find out if you qualify or stop by one of our branches.
In addition to meeting membership requirements, you must open and maintain a GFCU Savings Account with a minimum $5 balance.