Georgia United CU High Earning Savings Account

Georgia United CU High Earning Savings Account Review

Georgia United CU High Earning Savings Account is offered by Georgia United Credit Union, a credit union founded in 1958 and based in Duluth, GA. Georgia United CU High Earning Savings Account are available in 50 states (and Washington, DC).

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 3.50%, which is much higher than the average interest rate for a savings account. However, you must keep a minimum balance of $10000 to earn that insterest rate.
• Monthly maintenance fee waiver. Must maintain a minimum balance of $5.00 in the account to avoid service fees; otherwise $5.00 fee per month.
• $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.

Georgia United CU Savings Account Pros & Cons

Georgia United CU Savings Account FAQ

Are savings accounts from Georgia United Credit Union federally insured?

Yes, your savings accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

Does Georgia United Credit Union offer a signup bonus?

Georgia United CU Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Georgia United CU Savings Account?

What APY does Georgia United CU High Earning Savings Account offer?

Georgia United CU Savings Account offers a variable APY starting at 1.50% and ranging up to 3.50% (APY stands for annual percentage yield, rates may change). This is higher than the typical interest rate for online-only savings accounts, which is around 1% APY.

What fees does Georgia United CU Savings Account charge?

Georgia United CU Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $5.

Can you set up a direct deposit to Georgia United CU Savings Account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Georgia United CU Savings Account?

The customer support email for Georgia United CU Savings Account is email@gucu.org.