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Deposit Products
Regular Share (Savings) Account | Special Savings Account | Share Draft (Checking) Accounts | Christmas Club Accounts | Certificates/IRAs Regular Share (Savings) Account An initial deposit of $5.00 allows you to establish an account with us, giving you the opportunity to reach all of your financial goals. Interest begins to accrue on Regular Share Account balance of $250. We want to involve the entire family. To introduce your children to the idea of saving and showing them the advantages of belonging to a credit union. Children's Accounts (for those age 18 and under) will earn interest on balances of $5.00 and higher. Best of all, there are no monthly maintenance fees on any Share Account, except for business accounts. If you hav Share Draft (Checking) Accounts We keep things simple for you when it comes to your checking account. We offer Share Draft (Checking) Account with no monthly maintenance fees and no per check charges. You are not required to maintain a minimum monthly balance and you are allowed a limited number of transfers from your Regular Share Account per month! You can also obtain an overdraft line of credit if you qualify. With the holidays comes a crunch of activities, time and money. GSCU has the perfect way to save for those holiday expenses - so you can enjoy special time with your family and friends. A minimum deposit of $.50 is all that's needed to open your Christmas Club Account. Plus, when you reach your savings goal, we'll give you a free gift. Now that makes saving even sweeter. At GSCU, we have many options to meet long-term savings needs. We offer Certificates of Deposit beginning at $500. You can choose time options from 6 months to 72 months.From time to time we may offer a promotional rate or new CD product - Check with a member service representative. We also offer $1,000 (minimum) Advancing Rate Certificates of Deposit. Every six months, the rate of interest increases, and withdrawals are allowed at six month For amounts over $75,000 we have special earning rates. Call us for current earning rates on all CDs. Plan ahead for the golden years with our Individual Retirement Account (IRA). An IRA is a tax-deferred savings program that allows you to set aside money for your retirement. We offer: Traditional, Roth And Educational IRA's. Please ask for details.
INCREASE IN NCUA SHARE INSURANCE- Effective 4-1-06 Insured share accounts are backed by the full faith and credit of the US government. By an act of Congress, this statement is now part of thenew official symbol of the National Credit Union Administration (NCUA), which insures your share accounts with GSCU. It's the best guarantee you can get. And, it just got better. While other basic account ownerships remain at a $100,000 insured limit, individual retirement account (IRA) shares of each IRA owner are now insured by the NCUA to the amount of $250,000. This increased coverage for IRAs brings an opportunity to remind you that share insurance is defined by "ownership". And, each ownership is insured seperately, so you could have several different accounts with us and be fully insured to amounts well in the excess of the basic limit of $100,000. More information is available for you in our "Are You Covered- NCUA Coverage on your Insured Deposits" brochure. Call or stop by today.
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e a Regular Share Account with a minimum of $2,000 you are eligible to obtain a Special Savings Account. This account allows you to earn higher interest than a Regular Share Account. You can deposit and withdraw from this account without penalty. See our Special Savings rates under Rates & Fees.
intervals. You select what's best for you.
