Share Accounts
Regular savings accounts, also known as share accounts, may be started with an initial amount of as little as $5.00. Regular savings accounts begin earning interest at $100.00 and require a $5.00 minimum balance.
Club Accounts
GIEFCU offers both Christmas and Vacation Club accounts. Each club account earns the same interest as a regular share account and there is no penalty for early withdrawal. Club accounts begin earning interest immediately and require no minimum balance.
Christmas Club checks are mailed after the last payroll in October for the outstanding balance in the account (unless the Credit Union is notified differently).
Vacation Club accounts are a great way to save for that dream getaway and can be opened at any time.
Share Certificates
Share Certificates are simple, safe investments. There are three terms to choose from : 18 months, 24 months and 30 months. The minimum opening deposit of $1000.00 is required. Interest is paid monthly and may be deposited into your share account or stay in your certificate account.
Additional Accounts
Are you saving for something special? A wedding in the future? Your taxes? A kitchen makeover? We will open an additional share account (under your main account) for you to start saving for that special project.