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)0.60%

0.05%
Dividend Rate0.60%

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%

0.20%

0.65%
Dividend Rate0.00%

0.05%

0.15%

0.20%

0.65%
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+
1.75%

1.25%

.75%

0.15%
Dividend Rate1.74%

1.24%

.75%

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%

0.15%

0.20%

0.65%
Dividend Rate0.00%

0.05%

0.15%

0.20%

0.65%
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%

0.45%

0.85%
Dividend Rate0.00%

0.10%

0.45%

0.85%
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 - $49,999.99

$50,000.00 - $99,999.99

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

0.05%

0.10%

0.15%

0.35%

0.50%
Dividend Rate0.00%

0.05%

0.10%

0.15%

0.30%

0.50%
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)0.60%
Dividend Rate0.60%
Minimum to Open$500.00

Open Account
Product5 Month Special**
Minimum Balance to Earn APY**$10,000.00
1.65%
1.65%
Minimum to Open$10,000.00

Open Account
Product 10 Months Special**
Minimum Balance to Earn APY**$10,000.00
1.75%
1.75%
Minimum to Open$10,000.00

Open Account
Product 6 - 12 Months
Minimum Balance to Earn APY**$500.00
Annual Percentage Yield (APY)0.85%
Dividend Rate0.85%
Minimum to Open$500.00

Open Account
Product 12 - 24 Months
Minimum Balance to Earn APY**$500.00
Annual Percentage Yield (APY)1.05%
Dividend Rate1.04%
Minimum to Open$500.00

Open Account
24 Month Bump Up***
Minimum Balance to Earn APY**$500.00
Annual Percentage Yield (APY)2.10%
Dividend Rate2.08%
Minimum to Open$500.00
Product 24 - 36 Months
Minimum Balance to Earn APY**$500.00
Annual Percentage Yield (APY)1.35%
Dividend Rate1.34%
Minimum to Open$500.00

Open Account
Product 36 - 48 Months
Minimum Balance to Earn APY**$500.00
Annual Percentage Yield (APY)1.60%
Dividend Rate1.59%
Minimum to Open$500.00

Open Account
Product 48 - 60 Months
Minimum Balance to Earn APY**$500.00
Annual Percentage Yield (APY)1.85%
Dividend Rate1.83%
Minimum to Open$500.00

Open Account
Product 60 - 84 Months
Minimum Balance to Earn APY**$500.00
Annual Percentage Yield (APY)2.05%
Dividend Rate2.03%
Minimum to Open$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 subject to change without notice. Early withdrawal is subject to penalty and may reduce earnings.
**Minimum $10,000.00 to open and maximum of $250,000 per household. New money only. Requires an active GFA checking account. Early withdrawal is subject to penalty and may reduce earnings.
***This is not an active product. Rate is posted for reference purposes only for members currently in the 24 Month Bump Up product.

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)1.05%
Dividend Rate1.04%
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)0.60%
Dividend Rate0.60%
Minimum to Open$500.00

Open Account
Product 6 - 12 Months
Minimum Balance to Earn APY*$500.00
Annual Percentage Yield (APY)0.85%
Dividend Rate0.85%
Minimum to Open$500.00

Open Account
Product 12 - 24 Months
Minimum Balance to Earn APY*$500.00
Annual Percentage Yield (APY)1.05%
Dividend Rate1.04%
Minimum to Open$500.00

Open Account
24 Month Bump Up**
Minimum Balance to Earn APY**$500.00
Annual Percentage Yield (APY)2.10%
Dividend Rate2.08%
Minimum to Open$500.00
Product 24 - 36 Months
Minimum Balance to Earn APY*$500.00
Annual Percentage Yield (APY)1.35%
Dividend Rate1.34%
Minimum to Open$500.00

Open Account
Product 36 - 48 Months
Minimum Balance to Earn APY*$500.00
Annual Percentage Yield (APY)1.60%
Dividend Rate1.59%
Minimum to Open$500.00

Open Account
Product 48 - 60 Months
Minimum Balance to Earn APY*$500.00
Annual Percentage Yield (APY)1.85%
Dividend Rate1.83%
Minimum to Open$500.00

Open Account
Product 60 - 84 Months
Minimum Balance to Earn APY*$500.00
Annual Percentage Yield (APY)2.05%
Dividend Rate2.03%
Minimum to Open$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 subject to change without notice. Early withdrawal is subject to penalty and may reduce earnings.
**This is not an active product. Rate is posted for reference purposes only for members currently in the 24 Month Bump Up product.

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