JavaScript is required to visit this website.

Preferred Savings


Let your savings earn more

Get rewarded for saving. As you put away more money in your SEFCU Preferred Savings account, we’ll pay you a higher dividend rate.


coins and dollar sign

Save more, earn more

Features & Benefits

The more you save, the higher your earnings

  • SEFCU Preferred Savings features tiered dividends
  • Easy withdrawals** and deposits
  • Can be used as overdraft protection for your SEFCU Really Free Checking account


Fees & Rates

Current Rates

Average Daily Tier Balances Dividend Rate Annual Percentage Yield* Minimum Balance to Obtain APY
Preferred Savings $0 - $2,499.99 0.05% 0.05% $1.00
Preferred Savings $2,500.00 - $9,999.99 0.10% 0.10% $2,500.00
Preferred Savings $10,000.00 - $24,999.99 0.10% 0.10% $10,000.00
Preferred Savings $25,000 –$49,999 0.15% 0.15% $25,000.00
Preferred Savings $50,000.00 and above 0.20% 0.20% $50,000.00


Item SEFCU Fee New York State Bank/Credit Union average fee***
(as of July 2018)

Overdraft Transfer from Savings



*** New York bank/credit union average fees are accurate as of July 2018, and are published in New York Credit Union Association’s RateWatch.


See which account is best for you

Preferred Savings

  • No minimum opening deposit
  • Easy withdrawals** and deposits


Mint Savings

  • Open with just $1
  • Easy withdrawals and deposits

Get Mint

Apply Now

Open a SEFCU Preferred Savings account today

Current SEFCU member?

Open Today

Not a member?



Preferred Savings

The more you save, the more you earn


No minimum deposit

Unlimited withdrawals and deposits



View Preferred Savings

More to think about...

* Annual Percentage Yield. Rate and APY are variable and are subject to change after the account is opened. APY is accurate as of today—June 24, 2021. Fees may reduce earnings.