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

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Open a SEFCU Preferred Savings account today

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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—July 1, 2022. Fees may reduce earnings.