SECURITY CENTER

Deposit Rates and Fees

Deposit Interest Rates

Anticipated yields & rates are current as of March 1, 2018. Rates are subject to change without notice.

Truth in Savings Disclosure

 

SHARES (SAVINGS ACCOUNTS)

ACCOUNT RATE TYPE RATE APY MIN BALANCE
Savings (Share) * Variable 0.10 0.10% $5.00
Holiday Club Variable 0.25% 0.25% None
College Club Variable 1.00% 1.00% None

Fees can reduce earnings on the account.
*Includes Regular, Prime Time, Kid's Club, and Teen Club Savings accounts
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 RATE APY MIN BALANCE
Simply Checking * N/A 0.00% 0.00% $0
Capital Checking ** Variable 0.05% 0.05% $200, $500**
Prime Time Checking * Variable 0.00% 0.00% $0
Teen Checking * N/A 0.00% 0.00% $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 Prime Time and Simply Checking accounts; $15 is required to open a Teen Club Checking.

 

MONEY MARKET ACCOUNT
 
BALANCE TIER RATE TYPE RATE APY
$2,5000.00 and below Variable 0.15% 0.15%
$25001 - $50,000 Variable 0.20% 0.20%
$50001 - $75,000 Variable 0.30% 0.30%
$75001  and above Variable 0.40% 0.40%

$2,500 minimum balance is required to open account and earn dividends. Fees can reduce earnings on the account.

 

CERTIFICATES
 
ACCOUNT/TERM RATE TYPE RATE APY MIN BALANCE
18 Month Certificate Fixed 0.30% 0.30% $500.00
36 Month Certificate Fixed 0.70% 0.70% $500.00
48 Month Certificate Fixed 0.90% 0.90% $500.00
60 Month Certificate Fixed 1.20% 1.21% $500.00
6 Month Kids Club Fixed 0.20% 0.20% $100.00
12 Month Kids Club Fixed 0.30% 0.30% $100.00

On all certificate accounts above, Generations Credit Union may impose a penalty for early withdrawals. Fees can reduce earnings on the account.
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. 

 

APY = Annual Percentage Yield       APR = Annual Percentage Rate

 

Fee Schedule

FEE SCHEDULE        
         
Checking Account Fees     Club Account Fees  
Check printing prices may vary depending on style   Holiday Club Account Fees  
NSF $30.00 per item   Early Withdrawal $25.00 per withdrawal
ATM overdraft $30.00 per item   College Club Account Fees  
One-time debit overdraft $30.00 per item   Early Withdrawal $50.00 per withdrawal
Overdraft Protection $30.00 per item      
Returned Item $30.00 per item      
Stop Payment $20.00 per request      
Capital Checking Account Fees        
Below balance $3.00 if minimun daily balance is not met      
Money Market Account Fees        
Excessive Withdrawal $25.00 fee per withdrawal (if more than 3 withdrawals per month)
         
EFT Fees     Safe Deposit Box Fees  
ACH overdraft $30.00   3"x5" $20.00 per year
Card replacement $10.00   3"x10" $35.00 per year
Debit Card Overdraft $30.00   6"x10" $50.00 per year
Debit Card Cancelled by GCU for Abuse $25.00   9"x10" $85.00 per year
Stop Payment of ACH $15.00   Change Locks $50.00 + locksmith cost
Checking account closed for Abuse $25.00   Drilling of Boxes $50.00 + locksmith cost
      Key Replacement $25.00 + locksmith cost
         
Other Service Fees        
Account Closure $10.00 (if closed within 6 months  
Account Reconcilliation $20.00 per hour ($10.00 minimum)  
Automatic Overdraft Transfer $5.00 per transfer      
Cashier's Check $2.00 per check      
Dormant Account  $5.00 per month (after 1 year)  
Garnishment $25.00      
Inactive Account $5.00 per month (after 1 year)  
Legal Process $0.25 per copy      
Statement Copy $1.50 per statement copy    
Wire Transfer (incoming) $10.00 per transfer      
Wire Transfer (outgoing) $20.00 per transfer      
Copy of Cashiers Check $5.00 per check      
Stop Payment on Cashiers Check $15.00 each (only allowed if loast/stolen)  
Check Cashing fee $3.00 each if account balance is below $100.00  
         
The rates and fees listed are accurate as of 5/31/18. If you have any questions please call the Credit Union.

Deposit Accounts

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