Savings
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 Type | Rate | APY* |
|---|---|---|
| Regular Savings and Special Use Savings Accounts | 0.10% | 0.10% |
Rates are variable and are declared quarterly based on available earnings. Rate is accurate as of 04/22/24.
Money Market Accounts
| Account Type | Rate | APY* |
|---|---|---|
| Money Market Accounts < $2,500.00 | 2.75% | 2.78% |
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 $10.00 fee. A $10.00 fee will be assessed to balances that fall below $2,500.00. Rate is accurate as of 4/22/2024.
Certificate of Deposit (CD)
CDs have a minimum deposit of $500.00:
| Term | Rate | APY* | Yield |
|---|---|---|---|
| 3 months | 3.40% | APY | 3.44% |
| 6 months | 3.60% | APY | 3.65% |
| 12 months | 3.95%* | APY | 4.01%* |
| 18 months | 4.10% | APY | 4.16% |
| 24 months | 4.20%* | APY | 4.27%* |
Rates effective 11/2/2023 and subject to change without notice. Certificates of Deposit 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 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.
- 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 $10.00 fee. A $10.00 fee will be assessed to balances that fall below $2,500.00.
Certificates of Deposit
- Certificates of Deposit 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 $500.00 and dividends are compounded quarterly. Certificates of Deposit 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!