Business Savings Account
We are committed to making your banking easier and your funds more accessible. Help your business earn competitive yields on balances of $1,000 or more with this basic savings option.
Effective Date: Monday, May 21, 2018
|Business Savings||$1,000 minimum to earn||0.200%||0.20%|
*APY = Annual Percentage Yield. All dividend rates and APY may change at any time, as determined by GLCU Board of Directors. The APYs shown above assume that all principal and dividends remain on deposit for the entire term. Fees could reduce earnings on the above accounts. Penalties apply for early withdrawal from Share Certificates and Santa Saver Accounts. Additional account information is provided in separate Account Disclosures.
**Balances up to $10,000 will earn the stated dividend rate and the portion of the balance over $10,000 will earn the standard savings dividend rate. Dividends will be paid on ONE Ultimate Checking Account per member. Fees could reduce earnings. Also applies to Young Adult Ultimate Checking Account.
Minimum requirements to earn dividends:
1. Maintain a monthly Direct Deposit of $500.00 or more
2. 15 Debit Card purchases per month totaling $150.00 or more - signature purchases only, no Returns, PIN or ATM.