Daily Interest Savings

Whether you are putting money aside for an emergency, or planning on a major purchase, a savings account at Glace Bay Central Credit Union is suited to your needs.

Your savings account features a competitive interest rate so your money can multiply, and you can reach your savings goals. Our tiered savings account combines savings and accessibility.

Interest is calculated on daily closing balance, paid monthly. Unlike some institutions that calculate interest for the amount in each tier, we calculate interest based on the rate for the highest tier attained, on the TOTAL balance in your account.

Deposits are insured by the Credit Union Deposit Insurance Corporation to a maximum of $250,000 per member.

Benefits:

  • No Monthly Fee
  • Per Item Pricing

Features:


  •     Pays interest at tiered rates:
                         $1 - $4,999
                         $5,000 -$9,999
                         $10,000 -$24,999
                         $25,000 -$59,000
                         $60,000 -$99,999
                         $1000,000+

  • Unlike some institutions that calculate interest for the amount in each tier, we calculate interest based on the rate for the highest tier attained, on the TOTAL balance in your account.
  • Easy access to your money with in branch services, MemberDirect ® Online Banking, TeleService®, and Inter-Credit Union Services (ICU).


 

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