SECURITY CENTER

Deposit Rates and Fees

Deposit Interest Rates

Anticipated yields & rates are current as of August 1, 2019. Rates are subject to change without notice.

Truth in Savings Disclosure

 

SHARES (SAVINGS ACCOUNTS)

ACCOUNT RATE TYPE RATE APY MIN BALANCE
Savings* Variable 0.10 0.10% $5.00
Holiday Club Variable 0.25% 0.25% None
Coverdell ESA Variable 1.00% 1.00% None

Fees can reduce earnings on the account.
*Includes Regular, Prime Time, and Kid's Club accounts
Minimum deposit required to open is $5.00. 

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
Prime Time Checking * Variable 0.00% 0.00% $0
IRA Savings Variable 0.25% 0.25% $500

Fees can reduce earnings on the account. 

*$5.00 monthly fee applies if not enrolled in eStatements
**$5.00 monthly fee applies if balance falls below $200.00. Dividends paid on balances above $200.00.
*$25 is required to open Prime Time and Simply Checking accounts; 

 

MONEY MARKET ACCOUNT
 
BALANCE TIER RATE TYPE RATE APY
$2,5000.00 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 Up to $49,999 $50,000+ MIN BALANCE
180 Day Certificate Fixed 0.40% 0.45% $500.00
12 Month Certificate Fixed 0.70% 0.75% $500.00
18 Month Certificate Fixed 0.80% 0.85% $500.00
24 Month Certificate Fixed 1.00% 1.05% $500.00
36 Month Certificate Fixed 1.10% 1.15% $500.00
48 Month Certificate Fixed 1.20% 1.25% $500.00
60 Month Certificate Fixed 1.30% 1.35% $500.00
12 Month Kids Club Fixed 1.00% 1.00% $100.00

On all certificate accounts above, Generations 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                                 $1.00 per item   Holiday Club Account Fees  
NSF $30.00 per item   Early Withdrawal $10.00 per withdrawal
ATM overdraft $30.00 per item      
One-time debit overdraft $30.00 per item      
Overdraft Protection $30.00 per item      
Returned Item $30.00 per item      
Stop Payment $10.00 per request      
Capital Checking Account Fees        
Below balance $5.00 if minimun daily balance is not met      
Simply Checking Account Fees      
Mailed Statement $5.00 per month if not enrolled in eStatements      
Money Market Account Fees        
Excessive Withdrawal $15.00 fee per withdrawal (if more than 6 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" $80.00 per year
Stop Payment of ACH $10.00   Change Locks $50.00 + locksmith cost
Checking account closed for Abuse $25.00   Drilling of Boxes At cost - approximately $250
Nonproprietary ATM Withdrawal/Transfer                                     $1.00   Key Replacement $25.00 + locksmith cost
         
Other Service Fees        
Foreign Check Processing Fee $20.00 per hour  
Account Reconcilliation $20.00 per hour  
Automatic Overdraft Transfer $5.00 per transfer      
Cashier's Check $2.00 per check (no charge if to a member)      
Dormant Account  $5.00 per month (after 1 year)  
Garnishment/Levies $25.00 per item      
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) $0.00 per transfer      
Wire Transfer (outgoing) $25.00 per transfer      
Copy of Cashiers Check no fee      
Stop Payment on Cashiers Check $10.00 each (only allowed if loast/stolen)  
Check Cashing fee $3.00 each if account balance is below $100.00  
Document Retrieval $3.00 per page; $20.00 per hour, minimum $20.00  
         
The rates and fees listed are accurate as of 01/01/2021. If you have any questions please call the Credit Union.

Deposit Accounts

Email Link Disclaimer

Notice: Because there is a risk that information transmitted via Internet email could fall into the wrong hands, Generations Credit Union suggests that confidential information, such as account numbers or social security numbers, not be transmitted via email. If this information must be stated please contact Generations Credit Union by phone or at your nearest office. Thank you. If you "Continue", the link will open a new email message in your default email program.

Close |   Continue

×

External Link Disclaimer

You will be linking to another website not owned or operated by Generations Credit Union. Generations Credit Union is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. We encourage you to review their privacy and security policies which may differ from Generations Credit Union.

Close |   Continue

×