Deposit Accounts

Let us help you get there

Whether it’s a lifelong dream or a weekend getaway, Grove City Area Federal Credit Union offers a variety of great savings options to help you get there. They’re all NCUA-insured, so you know your money is safe. Our deposit accounts let you earn competitive interest rates while keeping your money totally liquid so you can get to it when you need it.

deposit accounts

Your primary account needed to maintain Credit Union membership. You must keep at least $5.00 in your account to remain a member. You may deposit any amount to this account at any time. Access to your share account is simple. You can withdraw from your account in person, through the mail or by a phone request.
Dividends on the share account are computed on the actual daily balance. Dividends are posted on the 1st of the month following the end of the quarter. Dividends will not be paid on accounts with a share balance of less than $50.00. Once you have a Savings Account, members of your family can take advantage of the benefits of our Credit Union.

Learn 54 Ways to Save Money here!

Share Certificates are the perfect way to save your money and earn a higher dividend rate at the same time. Share Certificates can be purchased for 6, 12, 18, or 24 months.
All Share Certificates require a minimum deposit of $2,000.00. Dividends are calculated monthly and posted to your share savings account on the 1st of each month.
Members will receive a letter notifying them when their Share Certificates will mature and that the money will be deposited into their share savings account.

A money market account is the perfect way to save your money and earn a higher dividend rate at the same time. With different tiers the interest goes up as your balance increases.
You must maintain the minimum balance required for a tier in order to earn the dividend rate for that tier. If on any given day your deposit balance falls below the minimum required for a tier, your dividends will be determined at the rate of the appropriate lower tier. If your balance drops below the $2,500.00 minimum at any time during the month, the account reverts to a regular share rate for the quarter.
All money markets require a minimum deposit of $2,500.00.

You may not exceed the five(5) withdrawals, transfers or checks out of your money market account per month.
If the set number of transactions is exceeded, the account will be charged a fee of $10.00 for each transaction in excess of the five(5) transaction limitation.

Our checking account is one of the best examples of credit union value:
  • No Minimum Balance Requirement
  • No Regular Monthly Service Fees on Active Accounts
  • No Limit On The Number Of Checks Written Per Month
  • Visa® Debit Card available for 24/7 account access
  • Overdraft Privilege for Accounts in Good Standing
    • No Annual Fee
    • No Interest Charge
    • Overdrafts may be covered up to $300
    • A fee of $25 will apply to overdrafts created by checks, ACH, POS, ATM or in-person withdrawals or by other electronic means
    • You must cover your overdraft within 30 days
    • Overdraft fee will apply
You can see that our Checking Account gives you flexibility without the worry of any minimum balance restrictions and you’ll receive an easy-to-read monthly statement listing all transactions.
A regular savings account must be maintained in order to have a Share Draft Checking Account.

At least once during the year we all have a need for some extra cash – Christmas time! If you’re like most people, it isn’t always easy to set enough money aside ahead of time to cover these expenses and we usually end up putting these costs on a high interest credit card.
Make monthly or weekly deposits, it doesn't matter. If your employer offers payroll deduction, take advantage and set aside a little money each pay period. Christmas club funds will be deposited to your share savings account in October so you can start your holiday shopping before the rush.

The perfect way to save for your next vacation. The Vacation Club Account works like the Christmas Club Account. Put money away when you can or have payroll deduction. Club funds will be deposited to your share savings account in May. Start planning now for that summer get-a-way in the sun!

A Special Purpose Account, can be used like an Escrow Account. The account is held in the member’s name to pay obligations such as property taxes and insurance premiums, etc.
With a Special Purpose Account you can set aside a little money each payday or whenever you wish and save yourself the worry of coming up with a large sum of money at one time.