OverviewPremium earningsYou’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. |
 Big Money = Big Rewards |
Features & BenefitsEarn a higher yield
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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 | 0.25% | 0.25% | N/A |
| Preferred Plus Savings $2,500.00 - $9,999.99 | 0.40% | 0.40% | $2,500.00 |
| Preferred Plus Savings $10,000 - 24,999.99 | 0.50% | 0.50% | $10,000.00 |
| Preferred Plus Savings $25,000 - $49,999.99 | 0.65% | 0.65% | $25,000.00 |
| Preferred Plus Savings $50,000 - $99,999.99 | 0.80% | 0.80% | $50,000.00 |
| Preferred Plus Savings $100,000–$249,999 | 1.20% | 1.21% | $100,000.00 |
| Preferred Plus Savings $250,000–$499,999 | 1.30% | 1.31% | $250,000.00 |
| Preferred Plus Savings $500,000–$999,999 | 1.45% | 1.46% | $500,000.00 |
| Preferred Plus Savings $1,000,000+ | 1.65% | 1.66% | $1,000,000.00 |
Fees
| Item | SEFCU Fee | New York State Bank/Credit Union average fee^ (as of July 2018) |
|---|---|---|
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Overdraft Transfer |
No fee |
$8.74 |
|
Teller Check |
No fee |
$6.14 |
|
Money Order |
No fee |
$3.38 |
|
Below minimum average monthly balance * |
$15 |
N/A |
^ 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 Plus Savings
- For members with a balance of $100,000 or greater in savings deposits*
- Free overdraft transfer†
Preferred Savings
- No minimum opening deposit
- Easy withdrawals and deposits
Apply Now
Open a SEFCU Preferred Plus Savings account today
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Current SEFCU member? Open Today |
Not a member? Join SEFCU |
Preferred Plus Savings
Earn even higher dividends
For members with balances greater than $100,000
Unlimited withdrawals and deposits
Free checks and money orders
More to think about...
Share Certificate
Grow Your Savings
Open with just $500
Terms from three months to five years
IRA Share Certificate
Fund Your Retirement
Consult your tax advisor
Grow your money faster than traditional savings
SEFCU Wealth Management
Let’s Plan for Success
We help you reach your financial goals
Customized for your individual situation
* 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—January 23, 2020. 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.