SAVINGS ACCOUNTS
CHECKING ACCOUNTS
YOUTH ACCOUNTS
SAVING CERTIFICATES
MONEY MARKET
IRA & HSA

Type
APY*Div Rate
Shares/Savings.10%.10%
Secondary Shares.10%.10%

Make the most of your hard work with a savings account that grows along with your dreams of vacations in distant lands. You focus on your next mountain, we’ll focus on helping you reach new heights with your short and long term savings goals. A Granite Member Service Representative can get you started. Granite Credit Union is always there so you can make life happen.

GRANITE SAVINGS ACCOUNT

  • You’re insured to at least $250,000
  • Get paid dividends each month on your monthly balance
  • Automatic transfers & payroll deduction are available to make saving easy
  • Deposit and withdrawal anytime using our online app, ATM’s or branches

GRANITE TIP:

Now is always the best time to start saving by setting aside a fixed dollar amount or percentage of your monthly income.

Sitting on the beach in Mexico you realize just how thirsty the warm sun has made you. Not having any cash as usual, you order drinks for you and your friends. With your VISA Debit Card there is no reason for pesos and often time you can just as easily pay with your Smart Phone. (How did we live without Mobile Pay?) Park your money in your Granite checking account and count the convenient ways to spend it.  A Granite Member Service Representative can get you started. Granite Credit Union is always there so you can make life happen.

GRANITE CHECKING ACCOUNT

  • You’re insured up to at least $250,000
  • No monthly fee
  • Free Debit Card
  • Free Direct Deposit
  • Free Remote Transfer

GRANITE TIP:

Now is always the best time to start saving by setting aside a fixed dollar amount or percentage of your monthly income.

Type
APY*Div Rate
Shares/Savings.10%.10%
Secondary Shares.10%.10%

Rounding up the kids for a weekend fishing trip, you realize they can barely navigate their room. Apparently, they already have too much stuff. It dawns on you that it’s time to give them some chores, a small allowance and a Youth Savings Account. Your goal is to save enough money to see they are well educated, raised and out on their own to face the world. A Granite Member Service Representative can get you started. Granite Credit Union is always there so you can help your kids make life happen.

GRANITE YOUTH ACCOUNT

  • You’re insured up to at least $250,000
  • No minimum balance requirements
  • No monthly fee

GRANITE TIP:

The goal is to get started and accumulate savings in a Youth Savings Account. Once you have $500 or more, you’ll have other investment options.

The kids are finally out of the house and you realize that you’re no longer living from paycheck to paycheck. You know that if you want to retire to the good life, it’s time to start saving some of your income each month. Talk to a Member Service Representative about a Savings Certificate. This tried and tested investment will allow you to retire with the financial security to travel to the places on your personal bucket list and have your own fun and adventure. Granite Credit Union has been around since 1935 and will help you make life happen.

GRANITE SAVINGS CERTIFICATE

  • Your principal is insured to at least $250,000
  • No monthly fee
  • No investment fee
  • No sales commission
  • Open for as little as $500
  • Terms up to 5 years
  • Penalty for early withdrawal

GRANITE TIP:

Consider laddering your savings certificates so you have money maturing every year. e.g. Purchase five $5000 savings certificate each maturing each year for the next 5 years rather than one $25,000 certificate maturing in 5 years. A MSR can help you with this.

Term
APYDiv Rate
< 12 months2.00%1.98%
12 months2.25%2.23%
18 months*2.30%2.28%
24 months2.45%2.42%
36 months2.50%2.47%
48 months2.60%2.57%
60 months2.65%2.62%

MMA Min BalanceAPYDiv Rate
$25.10%.10%
$2,500.45%.45%
$10,000.55%.55%
$25,000.65%.65%
$50,000.80%.80%
$100,000.90%.90%
$250,0001.00%1.00%

You finally got your tax refund and you think to yourself maybe I should save part of this for my next fun adventure. Since you don’t want to tie up the money and want easy access to it, you drop it into your Money Market Account at Granite Credit Union. While you’re enjoying life as usual, you’ll know your savings is earning high money market rates. Visit a  Granite Member Service Representative. They can help you open the account without a huge time commitment and get you out the door to enjoy time with friends and family. Granite Credit Union is always there so you can save while making life happen.

GRANITE MONEY MARKET ACCOUNT

  • Your principal is insured to at least $250,000
  • Earn Money Market rates
  • No monthly fee
  • Pull your money out anytime you need it
  • No penalty for early withdrawal

GRANITE TIP:

Use your Money Market Account to accumulate savings that you can use later for larger investments. It’s also a good place for savings that you plan on using in the near future.

Sitting at the lake house enjoying the view and and sipping on your favorite beverage, count your blessings. Blessings that started to grow when you began setting aside money each month to your IRA and your 401k. Apparently, some blessings come from being a wise investor. Talk with a Granite IRA specialist to open an IRA and start saving for retirement. Granite Credit Union is always there so you can make retirement happen.

GRANITE INDIVIDUAL RETIREMENT ACCOUNT

  • Your principal is insured to at least $250,000
  • Open with just $25.00
  • No minimum balance required
  • After you accumulate $500, invest in an IRA Savings Certificate
  • After you accumulate $10,000, your investment options are limitless

GRANITE TIP:

Use an IRA to accumulate savings for retirement. Once you accumulate $10,000, your investment opportunities are almost limitless.

IRA Min BalanceAPY*Div Rate
$0.01.20%.20%
$5,000.20%.20%
$20,000
.25%.25%

I.R.A. Saving Certificates

Term
APYDiv Rate
< 12 months2.00%1.98%
12 months2.25%2.23%
18 months*2.30%2.28%
24 months2.45%2.42%
36 months2.50%2.47%
48 months2.60%2.57%
60 months2.65%2.62%

HSA Min BalanceAPY*Div Rate
$0.01.20%.20%
$5,000.20%.20%
$20,000
.25%.25%

You just started your own business and you can choose your own hours. You love the work and get excited to go in each day. Because health insurance is so expensive these days, you had to choose the plan with a ridiculously high deductible. You don’t worry though, since you send a monthly deposit to your HSA with pre-tax dollars. When you visit a doctor or purchase subscription drugs, you just pay out of your HSA. You have the protection from catastrophic care expenses from your insurance company but now you negotiate a cash price using your HSA VISA Debit Card. It’s a smart and necessary way to deal with spiraling health care costs. Talk with a Granite HSA specialist to determine if a Health Savings Account is right for you. Granite Credit Union is always there so you can make life happen by staying healthy!

GRANITE HEALTH SAVINGS ACCOUNT

  • Your principal is insured to at least $250,000
  • Open with just $25.00
  • No minimum balance required
  • Pay your non-insured medical bills with a VISA Debit Card

GRANITE TIP:

If you have a high deductible Health Insurance plan, use your Health Savings Account (HSA) to pay for medical and dental bills with pre-taxed dollars. Talk to a HSA specialist or your CPA to see if an HSA is right for you.

Effective Date -9/3/2019

Savings Accounts

*APY is Annual Percentage Yield. This rate schedule states rates applicable to specified accounts. Dividends are compounded and credited monthly.

Minimum balance requirements apply to average daily balance (amount of principal in account each day). All savings rates are variable, this means the dividend rate and annual percentage yield may change at any time as determined by the Board of Directors.

Savings Certificates

APY is Annual Percentage Yield. This rate schedule states rates applicable to specified accounts. Certificate dividends are compounded and credited monthly. Minimum balance requirements apply to average daily balance (amount of principal in account each day). Penalties may be imposed for early withdrawals. The penalty is 90 days dividends on a term of 12 months or less, 180 days of dividends on terms of more than 12 months but less than 48 months and 365 days of dividends on terms 48 months or more.

*18 month certificates available to Alumni members (age 55+) at the 24 month rate published above.

Other Disclosures

Truth in Savings

Membership Account Agreement

Funds Availability Policy

 

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.

More information.

Granite Credit Union is an Equal Housing Lender.

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