See Rates | Savings Calculator
Every savings account at Grand Rapids Family CU is insured up to $250,000 by the National Credit Union Share Insurance Fund. This fund, an independent agency of the federal government, also insures credit union IRAs up to $250,000. Savings options include:
- Regular Savings Account
- IRA Savings Account
- Money Market Account
- Christmas Club Account
- Certificate of Deposit (CD’s)
Regular
- A $5.00 deposit into this account establishes your membership in the credit union.
- No minimum balance to earn dividends
- Dividends calculated daily paid quarterly
IRA
- A $5.00 deposit into this account establishes your IRA Savings Account
- Dividends calculated daily and paid quarterly
- See IRA CD’s for better rates
Money Market Account
- Earn a premium rate and have easy access to your money with our tiered money market account.
- $2,000 minimum balance to earn dividends
- Dividends calculated daily paid monthly
- The money market tiers are based on your balance
Christmas Club
- Save for the holidays with this convenient savings account
- Funds are transferred on Oct. 1 into your regular savings account
Youth Accounts
Superstar Savers (0-12) | Teens (13-18) | Young Adult (18-25)
- This savings account is designed for kids, teenagers, and young adults!
- $5 minimum balance to earn dividends
- Dividends calculated daily paid quarterly
Certificate of Deposit
- This savings account requires a minimum deposit of $500
- Many terms from 3 to 60 months to choose from
- Certificates earn higher interest than traditional savings
- Early withdrawal penalty may apply
