UTMA
Fee-free savings account
| Minimum Opening Deposit | Dividend Rate | Annual Percentage Yield** | Minimum Balance to Obtain APY |
|---|---|---|---|
| $1.00 | 0.25% | 0.25% | $25.00 |
Smart Sense Share Certificate
Fixed Rates
| Term | Dividend Rate | Annual Percentage Yield** |
|---|---|---|
| 18 months | 2.20% | 2.22% |
| 24 months | 2.00% | 2.02% |
| 36 months | 2.00% | 2.02% |
Boomer Club
Current Rates
| Minimum Opening Deposit | Dividend Rate | Annual Percentage Yield* | Minimum Balance to Obtain APY |
|---|---|---|---|
| $1.00 | 0.25% | 0.25% | $25.00 |
Fees
| Item | SEFCU Fee | New York State Bank/Credit Union average fee^ (as of July 2018) |
|---|---|---|
|
Maintenance |
$3/month |
$4.74 |
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Holiday Club
Current Rates
| Minimum Opening Deposit | Dividend Rate | Annual Percentage Yield* | Minimum Balance to Obtain APY |
|---|---|---|---|
| $0.00 | 0.25% | 0.25% | $1.00 |
Owner’s Choice
Current Rates
| Minimum Opening Deposit | Average Daily Balance to Obtain APY | Dividend Rate | Annual Percentage Yield* |
|---|---|---|---|
| $0.00 | $25.00 | 0.25% | 0.25% |
Preferred Savings
Current Rates
| Average Daily Tier Balances | Dividend Rate | Annual Percentage Yield* | Minimum Balance to Obtain APY |
|---|---|---|---|
| Preferred Savings $0 - $2,499.99 | 0.25% | 0.25% | $1.00 |
| Preferred Savings $2,500.00 - $9,999.99 | 0.50% | 0.50% | $2,500.00 |
| Preferred Savings $10,000.00 - $24,999.99 | 0.60% | 0.60% | $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 |
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Preferred Plus Savings
Current Rates
| Average Daily Tier Balances | Dividend Rate | Annual Percentage Yield** | Minimum Balance to Obtain APY |
|---|---|---|---|
| Preferred Plus Savings $0 –$2,499.99 | 0.25% | 0.25% | N/A |
| Preferred Plus Savings $2,500.00 - $9,999.99 | 0.50% | 0.50% | $2,500.00 |
| Preferred Plus Savings $10,000 - 24,999.99 | 0.60% | 0.60% | $10,000.00 |
| Preferred Plus Savings $25,000 - $49,999.99 | 0.70% | 0.70% | $25,000.00 |
| Preferred Plus Savings $50,000 - $99,999.99 | 0.85% | 0.85% | $50,000.00 |
| Preferred Plus Savings $100,000–$249,999 | 1.30% | 1.31% | $100,000.00 |
| Preferred Plus Savings $250,000–$499,999 | 1.40% | 1.41% | $250,000.00 |
| Preferred Plus Savings $500,000–$999,999 | 1.55% | 1.56% | $500,000.00 |
| Preferred Plus Savings $1,000,000+ | 1.80% | 1.81% | $1,000,000.00 |
Fees
| Item | SEFCU Fee | New York State Bank/Credit Union average fee^ (as of July 2018) |
|---|---|---|
|
Overdraft Transfer |
No fee |
$8.74 |
|
Teller Check |
No fee |
$6.14 |
|
Money Order |
No fee |
$3.38 |
|
Below minimum average daily balance * |
$15 |
N/A |
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Mint Savings
Current Rates
| Minimum Opening Deposit | Dividend Rate | Annual Percentage Yield* | Minimum Balance to Obtain APY |
|---|---|---|---|
| $1.00 | 0.25% | 0.25% | $25.00 |
Fees
| Item | SEFCU Fee | New York State Bank/Credit Union average fee^ (as of July 2018) |
|---|---|---|
|
Overdraft Transfer from Savings |
$2.50 |
$8.74 |
|
No activity for 12 months (activity can be as simple as depositing $1/month) |
$3/month |
$6.86/month |
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