Great Lakes Credit Union has everything you need to help manage your money and plan for the future.
You are never too young to start practicing good financial habits!
Designed for young adults ages 19 - 23, this checking account provides a way to practice money management skills and financial independence. Accountholders will also have access to a wide variety of educational materials, information and products to help them make smart financial decisions.
Effective Date: Sunday, December 4, 2022
|FREE Checking**||Up to $10,000||2.469%||2.50%|
|Share Savings (incl. IRA)||$100 min to earn||0.010%||0.01%|
|Holiday Savings||Up to $1,000||0.995%||1.00%|
|Holiday Savings||$1,000.01 or greater||0.050%||0.05%|
|Youth Savings Account||$5 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:
1 Depends on when your payor sends funds. Early direct deposit is available for GLCU members with a checking or savings account who have set up electronic direct deposit with their employer or other payor into their eligible GLCU checking or savings account. Certain non-payroll and tax payments are not eligible for early direct deposit. Direct deposits may be available up to one day before the settlement date (the date your payor tells GLCU to release the funds to you), however GLCU is dependent on the timing of your payor’s payment instructions so you may not see all direct deposits, or every direct deposit, arrive early.