Good Neighbors Credit Union

Savings

OVERVIEW

Whether it’s a life-long dream or a weekend getaway, we offer a variety of great savings options to help you get there. Your money is protected under our NCUA insurance guidelines. Our deposit accounts let you earn competitive interest rates while keeping your money totally liquid so you can get to it when you need it.

RATES

Savings Rates

Regular Savings and Special Use Savings Accounts

Account TypeRateAPY
Regular Savings and Special Use Savings Accounts 0.10% 0.10%

Dividends on regular savings accounts are calculated based on average daily balances of $100.00 or more.
Rates are variable and are declared quarterly based on available earnings. Rates declared 3/31/2020 for quarter end 6/30/2021.

Money Market Accounts

Account TypeRateAPY
Money Market Accounts < $2500.00 0.15% 0.15%

Dividends on money market accounts are calculated on average daily balances of 2500.00 or more. Rates are variable and are declared monthly based on available earnings. A maximum of three (3) withdrawals are allowed per month. Each withdrawal after the third will include a $10 fee. A $10 fee will be assessed to balances that fall below $2500.00. Next rate period will end 6/30/2021.

Term Savings Accounts

Term Savings Accounts have a minimum deposit of $500.00:

TermRate APY Yield
3 months 0.20% APY 0.20%
6 months 0.25% APY 0.25%
12 months 0.30% APY 0.30%
18 months 0.35% APY 0.35%
24 months 0.40% APY 0.40%

The term share rates shown above are effective 3/31/2020. Term share accounts carry a penalty for early withdrawal.

FAQ

What type of savings accounts does Good Neighbors offer?

Savings Accounts

  • All members of the Good Neighbors Credit Union must deposit a $5.00 member share in a Savings Account. This $5.00 is your share in the credit union and gives you voting rights and allows you to run for our volunteer Board of Directors. That’s it! Once you are a member, you are eligible for all benefits and services offered by the Credit Union.
  • Dividends on regular savings accounts are calculated based on average daily balances of $100.00 or more. Rates are variable and are declared quarterly based on available earnings.

Money Market Accounts

  • A Good Neighbors CU Money Market Account is the ideal tool for members who want to maximize the return on their investment and still have easy access to their funds.
  • Dividends on money market accounts are calculated on average daily balances of $2,500.00 or more. Rates are variable and are declared monthly based on available earnings. A maximum of three (3) withdrawals are allowed per month. Each withdrawal after the third will include a $10 fee. A $10 fee will be assessed to balances that fall below $2500.00.

Term Savings Accounts

  • Term Savings Accounts are the perfect way to save your money and earn a higher dividend rate at the same time. Certificates are available for terms of three months, up to two years. The minimum certificate amount is $500 and dividends compounded monthly. Term savings accounts carry a penalty for early withdrawal.

Little Neighbors Savings Club – Youth Savings Accounts

  • Opening a savings account with your child is one of the most effective ways to teach them about money. At Good Neighbors, any child can open a savings account and join our Little Neighbors Savings Club

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