Preferred Savings

Overview

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
ATM

 


Fees & Rates

Current Rates

Average Daily Tier Balances Dividend Rate Annual Percentage Yield* Minimum Balance to Obtain APY
Preferred Savings $0 - $2,499.99 0.30% 0.30% $1.00
Preferred Savings $2,500.00 - $9,999.99 0.55% 0.55% $2,500.00
Preferred Savings $10,000.00 - $24,999.99 0.65% 0.65% $10,000.00
Preferred Savings $25,000 –$49,999 0.70% 0.70% $25,000.00
Preferred Savings $50,000.00 and above 0.85% 0.85% $50,000.00

Fees

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

Overdraft Transfer from Savings

$2.50

$8.74

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


Compare

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?

Join SEFCU

 

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—March 22, 2019. Fees may reduce earnings.
** Federal regulation (Regulation D) limits electronic withdrawals and transfers from a savings account to a maximum of six during any calendar month, of which only three may be by check or debit card.