Savings Accounts

Savings accounts designed for you.

Enjoy financial freedom with GEFCU’s wide range of products and services that come with membership to Austin’s oldest Credit Union. Let our experienced staff show you how to successfully save for your future!

Prime Share (Savings)

  • Open with $5.00
  • Dividends paid Quarterly
  • Compound daily interest

To view rates and fees for this account please visit our Rates & Fees page.

For terms and conditions, click here.

Savings With Investment Status (SWIS)

Like the Share Savings account, the GEFCU SWIS Money Market account returns interest to members in the form of dividends.

  • A $2500.00 minimum balance is required to open and maintain
  • Compound daily interest
  • Dividends paid monthly
  • Ability to write 3 checks per month
  • $500 minimum withdrawal or deposit

To view rates and fees for this account please visit our Rates & Fees page.

For terms and conditions, click here.

Holiday Club

Need help saving for the holiday shopping season? GEFCU has the solution! Open a Holiday Club account with as little as $5 and start saving today!

  • Minimum deposit to open $5.00
  • Dividends paid quarterly

Funds automatically get deposited into your savings account in November. Only rule is…If at any time throughout the year you need to get to the cash you have saved, the holiday club account will close and you can re-open the following year.

See our current Holiday Club rates.

For terms and conditions, 
click here.

Term Share Certificates

Open a Term Share Certificate with as little as $1,000 and earn higher returns.

  • Certificates range in maturity from 1 to 36 months, with monthly dividends available.
  • Minimum balance for terms less than one year: $2,500
  • Minimum balance for terms one year or longer: $1,000
  • Visit any GEFCU location to learn more or open an account.

Term Share Certificate Dividend Rates
Currently in Effect
(Call (512) 339-9812 for any questions)

Minimum Term Dividend Rate Annual Percentage Yield
$2,500.00 01-03 Months 0.20% 0.20%
$2,500.00 04-11 Months 0.20% 0.20%
$1,000.00 12-23 Months 0.25% 0.25%
$1,000.00 24-30 Months 0.30% 0.30%
$1,000.00 36 Months 0.50% 0.50%

1. RATE INFORMATION. The dividend rate and annual percentage yield for each term share certificate are stated above. The Annual Percentage Yield is based on monthly compounding and the assumption that dividends will remain on deposit until maturity. Any withdraw will reduce earnings.

2. BALANCE INFORMATION. The minimum balance for each term is stated above. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the principal in your certificate each day.

3. ACCRUAL OF DIVIDENDS. Dividends will begin to accrue on the business day you purchase a certificate with either cash or noncash items, such as checks.

4. TRANSACTION LIMITATIONS. After the account is opened, you may not make additional deposits into the account until the maturity date stated on the certificate.

5. MATURITY DATE. Your maturity date will be as stated on the certificate.

6. EARLY WITHDRAWAL PENALTIES. 30 days interest, if earned, on the amount withdrawn for certificates of 12 months or less. 90 days interest, if earned, on the amount withdrawn for certificates of over 12 months. In no case will the penalty be less than 7 days interest, whether earned or not, on the amount withdrawn. If the early withdrawal causes the principal amount of the certificate to fall below the minimum required for a certificate for that period of time, the entire principal must be withdrawn and the resulting penalty will be calculated on the entire amount

7. RENEWAL POLICIES. Your certificate will automatically renew at maturity. You will have a grace period of 10 business days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty. Dividends will not be paid for the grace period if you do not renew the certificate.

8. DIVIDEND PERIOD. The dividend period of the Credit Union on this type of account is monthly, beginning on the date the account is opened, and ending on the stated maturity date, unless renewed.

9. NATIONAL CREDIT UNION SHARE INSURANCE FUND. Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.