Deposit Rates

*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. Also applies to Teen Checking Account.  

Minimum requirements to earn Free Checking dividends:

1. Maintain a monthly Direct Deposit of $500.00 or more. 
2. 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. 

3. You must be enrolled in eStatements, and an active user of GLCU's online Bill Pay or Mobile Banking.

*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.

Savings-only membership may be subject to qualifications to avoid a monthly fee.  See fee schedule for full details.

*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.

¹A Minimum of $2,500.00 is required to open the account. You must maintain a minimum average daily balance of $2,500.00 to earn the above stated dividends.

*APY = Annual Percentage Yield. Members must open a Companion Money Market (CMM) account. Minimum balance to open account is $10,000. To earn dividends on the CMM, the account must maintain a minimum average daily balance of $10,000 AND meet the conditions to earn the highest rate of our FREE Checking account. If both requirements are met, the entire balance in the account will earn the APY as shown. If the requirements are NOT met, the balance in the account of $10,000 or more will earn the current rate of lowest tier of the regular Money Market account. If the balance falls below $10,000, the CMM will not earn dividends. Does not include Business Money Market.

*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.

*APY = Annual Percentage Yield. All dividend rates and APY may change at any time. 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. Additional account information is provided in separate Account Disclosures. Rates are subject to change weekly. Funds earn dividends from the first business day of deposit and are compounded daily and posted monthly. Money Market dividends are calculated on the full balance using the highest applicable dividend rate. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earnings.

¹ $200 Minimum to open account. Must maintain average daily balance of $200 to receive the above stated dividend.

² $1,000 Minimum to open account. Must maintain average daily balance of $1,000 to earn the above stated dividend. 

³ $25 Minimum to open account. Must maintain average daily balance of $25 to earn the above stated dividend. One withdrawal from the account, with a $25.00 penalty to be assessed at the time of withdrawal, is allowed during the term of the Save to Win® Certificate. If the early withdrawal reduces the principal below the minimum balance or a second withdrawal is performed in the 12-month term, the certificate will be closed. Great Lakes Credit Union will deduct from the share certificate principal amount to cover the penalty. Additional deposits are allowed during the term of this certificate. For every $25.00 increase in month over month balance, the certificate owner will earn one entry (up to 10 entries per month/30 entries per quarter) into the savings raffle. The Savings Promotion Raffle runs January - December, however certificates will mature 12 months after account opening. The Official Rules can be found online at www.savetowin.org and are provided upon opening the certificate.

*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. Additional account information is provided in separate Account Disclosures. ¹$200 Minimum to open account. Must maintain average daily balance of $200 to receive the above stated dividend. ²$1,000 Minimum to open account. Must maintain average daily balance of $1,000 to earn the above stated dividend. Penalties apply for early withdrawals. Fees could reduce earnings.**Must be a member of the Presidents Club to receive Presidents Club Share Certificate rates.