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 | Dividend 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 09/21/2022. First $5,000 deposited must be new funds.
**New funds are funds not currently on deposit at Generations FCU.
Published rates and APYs are subject to change daily. Fees and other conditions could reduce earnings on the account.