Share Savings
CGECU has three types of savings account to meet your needs. The credit union only has "DEPOSITORY" accounts, thus by regulation, the withdrawals of such accounts are limited. The regulation on such accounts only allows six (6) withdrawals per month. The credit union BOD only allows three (3) with no fees per month.
Regular Share Savings Rates
This is a basic account required by all members. A minimum $25.00 balance is required to maintain your membership. Dividends are awarded quarterly by the Board of Directors on share aavings accounts with balances of $300.00 or greater.
| Tier Level | Minimum Average Daily Balance | Maximum Average Daily Balances | Dividend Rate | APY* |
|---|---|---|---|---|
| 1 | $0.01 | $299.99 | 0.00% | 0.00% |
| 2 | $300.00 | $4,999.99 | 0.07% | 0.17% |
| 3 | $5,000.00 | $9,999.99 | 0.11% | 0.11% |
| 4 | $10,000.00 | $124,999.99 | 0.14% | 0.14% |
| 5 | $125,000.00 | $99,999,999.99 | 0.18% | 0.18% |
Christmas Club Account Rates
Our special Christmas Club Accounts are offered annually to help members save up for the holidays starting on October 1 and paying out on November 1 each year. The maximum you can invest is $5,000.00 per 12-month period. You must deposit a minimum of $25.00 to open and $25.00 per month. Open period to start an account is from first business day of November to last business day of December. Request more information.
| Tier Level | Minimum Average Daily Balance | Maximum Average Daily Balance | Dividend Rate | APY* |
|---|---|---|---|---|
| 1 | $0.01 | $300.00 | 1.00% | 1.01% |
| 2 | $300.00 | $5,300.00 | 1.50% | 1.51% |
Lucky Lagniappe Savings Club Account Rates
Must be a member of the credit union to open THIS account.
Open an account for $5.00. For every $20.00 increase in deposit, you get one (1) entry to prize drawings, up to a maximum of five (5) entries per month ($100.00 deposit increase per month). This is a club type account, thus you can not withdraw funds during the first twelve (12) months without a penalty. (First withdrawal is a $10.00 penalty; second is a $20.00 penalty; third is no penalty, but account is closed and you are not allowed to reopen for ninety (90) days). LLSA - Request Application
More details of the program can be seen at http://luckylagniappe.com. Call or email for an application today
Pays higher dividends than share savings accounts, dividends paid quarterly. No minimum balance required
Prize awards are deposited directly to share savings accounts
| Tier Level | Minimum Average Daily Balance | Maximum Average Daily Balance | Dividend Rate | APY* |
|---|---|---|---|---|
| 1 | $0.01 | $299.99 | 0.26% | 0.26% |
| 2 | $300.00 | $1,205.00 | 0.30% | 0.30% |
| 3 | $1,205.00 | $99,999,999.99 | 0.34% | 0.34% |
Shared Certificates Club Account Rates
| Term | Minimum Average Daily Balance | Maximum Average Daily Balance | Dividend Rate | APY* |
|---|---|---|---|---|
| 3 yrs | $0.01 | $250,000.00 | 2.02% | 2.04% |
Offered on limited bases at discretion of Board of directors. Represents current Share Certificates that members own. Currently no Share Certificates offerings are available.