Generations Credit Union
  













  Equal Housing Opportunity. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.   Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government by the National Credit Union Administration, a U.S. Government Agency.

ACCOUNT (SHARE) DIVIDEND RATES
 

Anticipated yields & rates are current as of December 18, 2008.
Rates are subject to change without notice.

See Account (Share) Disclosure
See Certificate Rate Disclosure

APY = Annual Percentage Yield / APR = Annual Percentage Rate

Savings Accounts (Shares) :
Account Rate Type APY APR Min. Balance
Savings (Share)* Variable 1.00% 0.99% $5.00
Holiday Club Variable 1.25% 1.24% None
College Club Variable 2.93% 2.90% None
Fees can reduce earnings on the account.
*Includes Regular, Prime Time, Kid's Club, and Teen Club Savings accounts
REGULAR SAVINGS ONLY Minimum deposit required to open is $5.00. To earn a dividend, your account balance must be $100.00. For the days your balance drops below $100.00 you will not earn dividends.

Checking Accounts :

Account Rate Type APY APR Min. Balance
Simply Checking ** na na% na $0
Capital Checking ** Variable 0.25% 0.25% $200, $500*
Prime Time Checking Variable 0.35% 0.35% $0
Teen Checking ** na na% na $0
Fees can reduce earnings on the account.
*$3.00 monthly fee applies if balance falls below $200.00. Dividends paid on balances above $500.00.
*$25 is required to open a Capital and Simply Checking; $15 is required to open a Teen Club Checking.

Money Market Account :

Balance Tier Rate Type APY APR
$2,500.00 - $74,999.99 Variable 1.75% 1.74%
$75,000.00 and above Variable 2.00% 1.98%
$2,500 minimum balance is required to open account and earn dividends. Fees can reduce earnings on the account.

Share & IRA Certificates : (effective December 18, 2008)

Account/Term Rate Type APY APR Min. Balance
6 Month Certificate Fixed 2.27% 2.25% $500.00
12 Month Certificate Fixed 2.94% 2.90% $500.00
24 Month Certificate Fixed 3.04% 3.00% $500.00
36 Month Certificate Fixed 3.30% 3.25% $500.00
48 Month Certificate Fixed 3.40% 3.35% $500.00
* 60 Month Certificate (Bump) Fixed 3.81% 3.75% $500.00
3 & 6 Month Kids Club Fixed 2.79% 2.75% $100.00
12 Month Kids Club Fixed 3.04% 3.00% $100.00
On all certificate accounts above Generations Credit Union may impose a penalty for early withdrawals. Fees can reduce earnings on the account. See Certificate Rate Disclosure.
Certificate rates and programs are subject to change.
Dividends are computed daily, paid monthly or at maturity. The annual percentage yield listed above assumes dividends remain in the account until maturity.
* All share certificates are allowed a one-time bump in the rate up to .50% or up to the current rate offered for the same term and conditions, whichever is lower, anytime during the term of the certificate.

Individual Retirement Accounts (IRAs):

Account/Term Rate Type APY APR Min. Balance
Traditional IRA Variable 1.50% 1.49% $5.00
Rollover IRA Variable 1.50% 1.49% $5.00
Roth IRA Variable 1.50% 1.49% $5.00
IRA contributions and withdrawals subject to IRS rules.
Minimum deposit required to open is $5.00. To earn dividends your balance must be $5.00 or higher. You will not earn dividends for the days that your balance is below $5.00.


Routing No: 3251 80935 Copyright © 2007 GCU