Let’s face it— savings accounts aren’t glamorous.
Not compared to, say, an international growth fund or adrenaline-fueled day trades. But here’s the question: which investment can you count on to never lose value?
Saving accounts got a whole lot more appealing, didn’t they?
There’s no minimum deposit required— just keep $5 in the account so it stays open. Plus, you can take advantage of online and ATM card access.
1APY = Annual Percentage Yield
Looking for an alternative to a certificate? Take a savings account, boost the rate for higher balances, throw in check access, and you’ve got a money market account. There’s no maturity date with a money market account. Open your Go Energy Financial money market account with at least $2,500 to unleash the power of decent rates and daily compounding.
|Balance to Earn Rate||Dividends||APY1||Alert Me|
|$0–$2,499.00||0.000%||0.000%||Receive a notification when this rate changes|
|$2,500–$9,999.99||0.150%||0.150%||Receive a notification when this rate changes|
|$10,000–$24,999.99||0.200%||0.200%||Receive a notification when this rate changes|
|$25,000–$49,999.99||0.250%||0.250%||Receive a notification when this rate changes|
|$50,000- $244,999.99||0.250%||0.250%||Receive a notification when this rate changes|
|$245,000 and above||1.250%||1.260%||Receive a notification when this rate changes|
|Dividends are calculated daily and credited monthly.
Interest is determined by Go Energy Financial's of Directors and is subject to change.
The interest period begins on the first calendar day and ends on the last calendar day of the interest period. Interest is calculated on the daily balance in the account. Interest is paid to the account on the last day of the interest period.
The end-of-the-year holidays are great— Christmas, Hanukkah, Kwanzaa, Yule, Winter Solstice, and then there’s Festivus for the rest of us. Whatever you celebrate, this time of year sure seems to bring on the expenses.
To plan ahead, put a Go Energy Financial holiday club account on your wish list. You make deposits into this separate savings account throughout the year, and we’ll transfer your funds to your checking account or regular savings during the first week of November . Perfect timing for getting ready for the season. It’s like a gift from you to you!
A certificate at Go Energy Financial is a high-rate investment for a term that you choose from six months to five years. Certificates are a safe, dependable choice for socking away funds that you don’t need access to over the term. We’re sad to say that penalties may be imposed for early withdrawals, but that’s the way it is. Open a certificate with $1,000 or more. Jumbo certificates start at $100,000.
You can find more rate and account information by reviewing the Fee Schedule.
|Term||Balance to Earn APY||Dividend Rate||APY1||Alert Me|
|6 month||$1,000||0.996%||1.000%||Receive a notification when this rate changes|
|1 year||$1,000||2.227%||2.250%||Receive a notification when this rate changes|
|2 year||$1,000||2.716%||2.750%||Receive a notification when this rate changes|
|3 year||$1,000||2.814%||2.850%||Receive a notification when this rate changes|
|4 year||$1,000||2.912%||2.950%||Receive a notification when this rate changes|
|5 year||$1,000||3.057%||3.100%||Receive a notification when this rate changes|
|Dividends are compounded monthly and credited monthly.
The Annual Percentage Yield is based on the assumption that the principal and interest will remain on deposit until maturity. A withdrawal of either principal or interest will reduce earnings. The interest period begins on the first and ends on the last calendar day of the interest period. If the certificate is closed prior to accrued interest being paid, interest payments will be paid. For all certificate accounts, the rate will be fixed and will be in effect for the entire term of the certificate.
Early Withdrawal Penalty:
Type of Rate: FIXED PER TERM. Addtional Deposits: NOT ALLOWED. Withdrawal Interest/Principal: ALLOWED. The credit union may impose a penalty if any of the principal is withdrawn before the maturity date. The penalty is calculated as a forfeiture of part of the interest. The penalty is based on interest earned and on the amount withdrawn and will not reduce principal.
Exceptions to Penalties: It is an option of the credit union to pay the account before maturity without imposing an early withdrawal penalty.
For all Regular, Jumbo, IRA, and Special Rate certificate accounts, the maturing certificate will automatically renew for the same or next shorter term upon maturity. For all auto renew accounts, there is a five (5) business day grace period after maturity in which to withdraw funds from the certificate without being charged an early withdrawal penalty. For Jumbo and IRA Certificates, interest can either be transferred to another account at Go Energy Financial or paid by check.