Preferred Plus Savings


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You’ve worked hard to get where you are; now it’s time to let your money work hard for you. If you have $100,000 or more in savings deposits, we invite you to open a high-yield SEFCU Preferred Plus* Savings account.

graph with money

Big Money = Big Rewards

Features & Benefits

Earn a higher yield

  • SEFCU Preferred Plus Savings features our highest dividend for savings accounts
  • Free overdraft transfers
  • Free check orders (one order per 12 months), teller checks, and money orders
  • Free online, mobile, and text banking
  • Three free wire transfers per month
no fees


Fees & Rates

Current Rates

Average Daily Tier Balances Dividend Rate Annual Percentage Yield** Minimum Balance to Obtain APY
Preferred Plus Savings $0 –$2,499.99 0.05% 0.05% N/A
Preferred Plus Savings $2,500.00 - $9,999.99 0.10% 0.10% $2,500.00
Preferred Plus Savings $10,000 - 24,999.99 0.10% 0.10% $10,000.00
Preferred Plus Savings $25,000 - $49,999.99 0.15% 0.15% $25,000.00
Preferred Plus Savings $50,000 - $99,999.99 0.20% 0.20% $50,000.00
Preferred Plus Savings $100,000–$249,999 0.30% 0.30% $100,000.00
Preferred Plus Savings $250,000–$499,999 0.40% 0.40% $250,000.00
Preferred Plus Savings $500,000–$999,999 0.40% 0.40% $500,000.00
Preferred Plus Savings $1,000,000+ 0.40% 0.40% $1,000,000.00


Item SEFCU Fee New York State Bank/Credit Union average fee^
(as of April 2021)
No activity for 12 months $3/month $7.80/month
Excessive withdrawals No fee $10.39

Teller Check

No fee


Money Order

No fee


Below minimum average monthly balance *



^ New York bank/credit union average fees are accurate as of April 2021 and are published in New York Credit Union Association’s RateWatch.


See which account is best for you

Preferred Plus Savings

  • For members with a balance of $100,000 or greater in savings deposits*
  • Free overdraft transfers

Preferred Savings

  • No minimum opening deposit
  • Easy withdrawals and deposits

Learn More

Apply Now

Open a SEFCU Preferred Plus Savings account today

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Preferred Plus Savings

Earn even higher dividends

For members with balances greater than $100,000

Unlimited withdrawals and deposits

Free checks and money orders


View Preferred Plus

More to think about...

* The minimum balance to open this account is $100,000. If your average monthly balance for the statement period falls below $100,000.00, your account will be assessed a service fee as shown in the fee schedule   (Review the fee schedule).
** Annual Percentage Yield. Rate and APY are variable and are subject to change after the account is opened. APY is accurate as of today—July 1, 2022. Fees may reduce earnings.