Student Loans
Great Lakes Credit Union has everything you need to help manage your money and plan for the future.
Savings & Money Market Account
Maintain access to your business' funds while letting a competitive interest rate benefit of your bottom line.
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: Thursday, November 21, 2024
| Account | Dividend Rate | APY* | How to Open | |
|---|---|---|---|---|
| Business Savings | $1,000 min to earn | 0.010% | 0.01% |
*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 Holiday Savings 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 FREE Checking Account per member. Fees could reduce earnings. This also applies to Young Adult Checking Accounts.
Savings-only membership may be subject to qualifications to avoid a monthly fee. See fee schedule for full details.
Minimum requirements to earn Free Checking dividends:
- Maintain a monthly Direct Deposit of $500.00 or more.
- 15 signature-based debit card purchases (no returns, PIN or ATM) totaling $150 or more. All purchases must be cleared and posted to your transaction history within the current month. Authorized or pending purchases do not qualify.
You must be enrolled in eStatements, and an active user of GLCU's online Bill Pay or Mobile Banking.
Business Money Market Account
Whether you are saving for an upcoming purchase, tax payment or protecting your company from emergency situations, this is an ideal account for earning more dividends while maintaining flexibility.
Features:
- Earn daily dividends paid monthly on balances of $2,500 or more
- Receive higher rates for higher balances
- Write up to 6 checks per month
Effective Date: Thursday, November 21, 2024
| Balance | Dividend Rate | APY* |
|---|---|---|
| $2,500 min to earn - $9.999 | 0.050% | 0.05% |
| $10,000 - $49,999 | 0.100% | 0.10% |
| $50,000 - $99,999 | 0.150% | 0.15% |
*APY = Annual Percentage Yield. All dividend rates and APY may change at any time, as determined by GLCU Board of Directors. Fees could reduce earnings on the above accounts. Additional account information is provided in separate Account Disclosures. A minimum of $2,500 is required to open the account. You must maintain the minimum average daily balance listed above to earn the stated dividends.
Please review the Great Lakes Credit Union Privacy Policy regarding personal information.
For information regarding additional fees, please refer to our Business Account Fee Schedule.