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  Great Lakes Credit Union Share Savings Account

Great Lakes Credit Union Share Savings Account

in Savings Accounts from Great Lakes Credit Union

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Great Lakes Credit Union Share Savings Account

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in Savings Accounts from Great Lakes Credit Union

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Highlights
Highlights
Monthly Fee $0 - $5
APY (Annual Percentage Yield) 0.05%
APY Minimum Balance $100

Great Lakes Credit Union Share Savings Account Review

Great Lakes Credit Union Share Savings Account is offered by Great Lakes Credit Union, a credit union founded in 1938 and based in Bannockburn, IL. Great Lakes Credit Union Share Savings Account is available in 1 state across the USA.

Great Lakes Credit Union Share Savings Account FAQ

Are savings accounts from Great Lakes Credit Union federally insured?

Yes, your Great Lakes Credit Union savings accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. 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 Great Lakes Credit Union offer a signup bonus?

Great Lakes Credit Union Share Savings Account doesn't offer a signup bonus.

What is the minimum balance for Great Lakes Credit Union Share Savings Account?

The minimum balance to open a Great Lakes Credit Union Share Savings Account is $5.
Great Lakes Credit Union Share Savings Account Account Minimums
Description
APY Minimum Balance $100
Minimum Initial Deposit $5
Minimum Combined Balance to Avoid Monthly Fee N/A
Minimum Required Balance N/A
Minimum Direct Deposit to Avoid Monthly Fee $500
Minimum Balance to Avoid Monthly Fee $500

What APY does Great Lakes Credit Union offer?

Great Lakes Credit Union Share Savings Account offers an APY of 0.05% (APY stands for annual percentage yield, rates may change).

What features and perks does Great Lakes Credit Union Share Savings Account offer?

This account includes the following features:

  • Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
  • Fraud monitoring - Great Lakes Credit Union Share Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.
  • Nationwide ATM network - Withdraw money and check your balance from wherever you are.
  • Great Lakes Credit Union Share Savings Account Features
    Description
    Bank Account Features
    • Automatic Savings
    • Bauer Financial A+/A Rating
    • Branch Access
    • Fraud Monitoring
    • Free Bill Pay
    • Interest Bearing Account
    • Mobile Banking
    • Mobile Check Deposit
    • Nationwide ATM Network
    • NCUA Member
    • No ATM Fees
    • No Monthly Maintenance Fee

What fees does Great Lakes Credit Union Share Savings Account charge?

Great Lakes Credit Union Share Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fee if you have a minimum daily balance of $500. Avoid the monthly fee by setting up a direct deposit of at least $500.

  • Outgoing domestic bank transfers come with a $25 fee.
  • Incoming international bank transfers come with a $10 fee.
  • Great Lakes Credit Union Share Savings Account charges a $25 fee for an early account closure. Contact Great Lakes Credit Union Share Savings Account for more details on what is considered an early closure.
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Availability

  Available in 1 state
Illinois
Availabile in all of Illinois

Feature Breakdown

APY Minimum Balance $100
Minimum Balance to Avoid Monthly Fee $500
Minimum Direct Deposit to Avoid Monthly Fee $500
Minimum Initial Deposit $5
Early Account Closure $25
Monthly Fee $0 - $5
Returned Deposit Fee (Domestic) $32
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $10
Bauer Financial A+/A Rating  
Bank Account Features
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Branch Access
  • Fraud Monitoring
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • NCUA Member
  • No ATM Fees
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 0.05%

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