GFA Federal Credit Union

Deposit Rates

Effective Date:

 

Checking Accounts

Product
Minimum Balance to Earn APY*
Annual Percentage Yield (APY)
Dividend Rate
Minimum to Open
Product Preferred Choice Checking
Minimum Balance to Earn APY*$0.01 - $25,000.00

$25,000.01 and above
Annual Percentage Yield (APY)0.30%

0.05%
Dividend Rate0.30%

0.05%
Minimum to Open$50.00

Open Account
Product Right Choice Checking
Minimum Balance to Earn APY*$0.01 - $199.99

$200.00 - $2,499.99

$2,500.01 and above

(rate tier applies to entire balance)
Annual Percentage Yield (APY)0.00%

0.01%

0.02%
Dividend Rate0.00%

0.01%

0.02%
Minimum to Open$200.00

Open Account
Product Easy Choice Checking
Minimum Balance to Earn APY*$0.00
Annual Percentage Yield (APY)0.00%
Dividend Rate0.00%
Minimum to Open$25.00

Open Account
ProductSecond Chance Checking
Minimum Balance to Earn APY*$0.00
Annual Percentage Yield (APY)0.00%
Dividend Rate0.00%
Minimum to Open$25.00

Open Account
*(APY) Annual Percentage Yield. Rates are variable and subject to change without notice. Fees may reduce earnings. Other rates and accounts available. Speak with a Better Banking Representative for more information or view our Terms and Conditions.

Savings Accounts

Account
Minimum Balance to Earn APY*
Annual Percentage Yield (APY)
Dividend Rate
Minimum to Open
AccountStatement Savings
Minimum Balance to Earn APY*$0.01

$50.00

$500.00

$5,000.00
Annual Percentage Yield (APY)0.00%

0.05%

0.10%

0.15%
Dividend Rate0.00%

0.05%

0.10%

0.15%
Minimum to Open$30.00

Open Account
AccountHigh Yield Savings
Minimum Balance to Earn APY*$0.01

$50.00

$500.00

$5,000.00

$25,000.00
Annual Percentage Yield (APY)0.00%

0.05%

0.15%

0.15%

0.30%
Dividend Rate0.00%

0.05%

0.15%

0.15%

0.30%
Minimum to Open$2,500.00 

Open Account
AccountSmart Choice Savings**
Minimum Balance to Earn APY*$0.01

$500.00

$2,000.00

$5,000.00+
0.75%

0.50%

0.25%

0.15%
Dividend Rate0.75%

0.50%

0.25%

0.15%
Minimum to Open$30.00 

Open Account
Account Fusion Savings
Minimum Balance to Earn APY*$0.01

$25.00
Annual Percentage Yield (APY)0.00%

0.02%
Dividend Rate0.00%

0.02%
Minimum to Open$10.00

Open Account
Account Rewards Savings
Minimum Balance to Earn APY*$0.01

$50.00

$5,000.00

$10,000.00
Annual Percentage Yield (APY)0.00%

0.05%

0.10%

0.15%
Dividend Rate0.00%

0.05%

0.10%

0.15%
Minimum to Open$30.00

Open Account
Account Student Tycoon
Minimum Balance to Earn APY*$25.00
Annual Percentage Yield (APY)0.15%
Dividend Rate0.15%
Minimum to Open$15.00

Open Account
AccountPlatinum Savings
(age 50+)
Minimum Balance to Earn APY*$0.01

$50.00

$500.00

$5,000.00

$25,000.00
Annual Percentage Yield (APY)0.00%

0.05%

0.10%

0.15%

0.30%
Dividend Rate0.00%

0.05%

0.10%

0.15%

0.30%
Minimum to Open$50.00  

Open Account
AccountGold Key
(age 50+)
Minimum Balance to Earn APY*$0.01

$50.00

$500.00

$5,000.00

$25,000.00
Annual Percentage Yield (APY)0.00%

0.05%

0.10%

0.15%

0.20%
Dividend Rate0.00%

0.05%

0.10%

0.15%

0.20%
Minimum to Open$5,000.00

Open Account
AccountSavings IRA
Minimum Balance to Earn APY*$0.01

$50.00

$500.00

$5,000.00
Annual Percentage Yield (APY)0.00%

0.05%

0.10%

0.15%
Dividend Rate0.00%

0.05%

0.10%

0.15%
Minimum to Open$50.00

Open Account
*(APY) Annual Percentage Yield. Rates are variable and subject to change without notice. Fees may reduce earnings. Other rates and accounts are available speak with a Better Banking Representative for more information or view our Terms and Conditions.
**Requires active GFA Checking Account.

Money Market

Product
Minimum Balance to Earn APY*
Annual Percentage Yield (APY)
Dividend Rate
Minimum to Open
 Money Market Rates 
Minimum Balance to Earn APY*$0.01 - $2,499.99

$2,500.00 - $4,999.99

$5,000.00 - $99,999.99

$100,000.00 and above
Annual Percentage Yield (APY)0.00%

0.10%

0.15%

0.30%
Dividend Rate0.00%

0.10%

0.15%

0.30%
Minimum to Open$2,500.00

Open Account
Membership to GFA Federal Credit Union requires a $10 balance in a savings or checking account.
*(APY) Annual Percentage Yield. Rates are variable and subject to change without notice. Fees may reduce earnings.
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Cash Management Accounts*

Product
Minimum Balance to Earn APY**
Annual Percentage Yield (APY)
Dividend Rate
Minimum to Open
Cash Management Rates 
Minimum Balance to Earn APY*$0.01 - $499.99

$500.00 - $2,499.99

$2,500.00 - $9,999.99

$10,000.00 - $24,999.99

$25,000.00 - $49,999.99

$50,000.00 - $99,999.99

$100,000.00 and above
Annual Percentage Yield (APY)0.00%

0.05%

0.10%

0.10%

0.15%

0.15%

0.30%
Dividend Rate0.00%

0.05%

0.10%

0.10%

0.15%

0.15%

0.30%
Minimum to Open$2,500.00
*This is not an active product. Rates are posted for reference purposes only for members currently with active cash management accounts. The minimum balance required to avoid a service fee of $7.50/month is $2,500.00. You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed APY.
**(APY) Annual Percentage Yield. Rates are variable and subject to change without notice. Fees may reduce earnings.

Term Share Certificates

Product
Minimum Balance to Earn APY*
Annual Percentage Yield (APY)
Dividend Rate
Minimum to Open
Product 3 - 6 Months
Minimum Balance to Earn APY**$500.00
Annual Percentage Yield (APY)0.50%
Dividend Rate0.50%
Minimum to Open$500.00

Open Account
Product 6 - 12 Months
Minimum Balance to Earn APY**$500.00
Annual Percentage Yield (APY)0.75%
Dividend Rate0.75%
Minimum to Open$500.00

Open Account
Product 12 - 24 Months
Minimum Balance to Earn APY**$500.00
Annual Percentage Yield (APY)0.90%
Dividend Rate0.90%
Minimum to Open$500.00

Open Account
Product 24 - 36 Months
Minimum Balance to Earn APY**$500.00
Annual Percentage Yield (APY)1.10%
Dividend Rate1.09%
Minimum to Open$500.00

Open Account
Product 36 - 48 Months
Minimum Balance to Earn APY**$500.00
Annual Percentage Yield (APY)1.25%
Dividend Rate1.24%
Minimum to Open$500.00

Open Account
Product 48 - 60 Months
Minimum Balance to Earn APY**$500.00
Annual Percentage Yield (APY)1.25%
Dividend Rate1.24%
Minimum to Open$500.00

Open Account
Product 60 - 84 Months
Minimum Balance to Earn APY**$500.00
1.25%
1.24%
Minimum to Open$500.00

Open Account
Existing 24-month Bump-up term share account holders, please call or visit your local GFA for current rates. 
Membership to GFA Federal Credit Union requires a $10 balance in a savings or checking account.
*(APY) Annual Percentage Yield. Rates subject to change without notice. Early withdrawal is subject to penalty and may reduce earnings.

Student Saver Certificate

 

Term
Minimum Balance to Earn APY*
Annual Percentage Yield (APY)
Dividend Rate
Minimum to Open
Term 12 Months
Minimum Balance to Earn APY**$250.00
Annual Percentage Yield (APY)1.00%
Dividend Rate1.00%
Minimum to Open$250.00

Open Account
Membership to GFA Federal Credit Union requires a $10 balance in a savings or checking account.
*(APY) Annual Percentage Yield. Student Saver - Savvy student savers 18 or younger may take advantage of this special fixed term share certificate. Penalties for early withdrawal of principal are calculated as 90 days - 365 days simple interest on the amount of Principal withdrawn. Rates are subject to change without notice.

IRA Share Certificates

Product
Minimum Balance to Earn APY*
Annual Percentage Yield (APY)
Dividend Rate
Minimum to Open
Product 3 - 6 Months
Minimum Balance to Earn APY*$500.00
Annual Percentage Yield (APY)0.50%
Dividend Rate0.50%
Minimum to Open$500.00

Open Account
Product 6 - 12 Months
Minimum Balance to Earn APY*$500.00
Annual Percentage Yield (APY)0.75%
Dividend Rate0.75%
Minimum to Open$500.00

Open Account
Product 12 - 24 Months
Minimum Balance to Earn APY*$500.00
Annual Percentage Yield (APY)0.90%
Dividend Rate0.90%
Minimum to Open$500.00

Open Account
Product 24 - 36 Months
Minimum Balance to Earn APY*$500.00
Annual Percentage Yield (APY)1.10%
Dividend Rate1.09%
Minimum to Open$500.00

Open Account
Product 36 - 48 Months
Minimum Balance to Earn APY*$500.00
Annual Percentage Yield (APY)1.25%
Dividend Rate1.24%
Minimum to Open$500.00

Open Account
Product 48 - 60 Months
Minimum Balance to Earn APY*$500.00
Annual Percentage Yield (APY)1.25%
Dividend Rate1.24%
Minimum to Open$500.00

Open Account
Product 60 - 84 Months
Minimum Balance to Earn APY*$500.00
Annual Percentage Yield (APY)1.25%
Dividend Rate1.24%
Minimum to Open$500.00

Open Account
Existing 24-month Bump-up term share account holders, please call or visit your local GFA for current rates. 
Membership to GFA Federal Credit Union requires a $10 balance in a savings or checking account.
*(APY) Annual Percentage Yield. Rates subject to change without notice. Early withdrawal is subject to penalty and may reduce earnings.

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