Resources and Rates
Most people don't exactly love researching rates or using a calculator... But, finding the best situation for you is important. Here is everything in one place to help figure that out.
Boomer Club
Current Rates
| Minimum Opening Deposit | Dividend Rate | Annual Percentage Yield* | Minimum Balance to Obtain APY |
|---|---|---|---|
| $1.00 | 0.05% | 0.05% | $25.00 |
Fees
| Item | SEFCU Fee | New York State Bank/Credit Union average fee^ (as of July 2018) |
|---|---|---|
|
Maintenance |
$3/month |
$4.74 |
View Boomer Club details
Holiday Club
Current Rates
| Minimum Opening Deposit | Dividend Rate | Annual Percentage Yield* | Minimum Balance to Obtain APY |
|---|---|---|---|
| $0.00 | 0.05% | 0.05% | $1.00 |
Mint Savings
Current Rates
| Minimum Opening Deposit | Dividend Rate | Annual Percentage Yield* | Minimum Balance to Obtain APY |
|---|---|---|---|
| $1.00 | 0.05% | 0.05% | $25.00 |
Fees
| Item | SEFCU Fee | New York State Bank/Credit Union average fee^ (as of April 2021) |
|---|---|---|
| Monthly Maintenance Fee | $0.00 | $4.52 |
|
Overdraft Transfer from Savings |
$2.50 |
$7.39 |
|
No activity for 12 months (activity can be as simple as depositing $1/month) |
$3/month |
$7.80/month |
View Mint Savings details
Owner’s Choice
Current Rates
| Minimum Opening Deposit | Average Daily Balance to Obtain APY | Dividend Rate | Annual Percentage Yield** |
|---|---|---|---|
| $0.00 | $25.00 | 0.05% | 0.05% |
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 | 0.05% | 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 | 0.25% | 0.25% | $100,000.00 |
| Preferred Plus Savings $250,000–$499,999 | 0.35% | 0.35% | $250,000.00 |
| Preferred Plus Savings $500,000–$999,999 | 0.35% | 0.35% | $500,000.00 |
| Preferred Plus Savings $1,000,000+ | 0.35% | 0.35% | $1,000,000.00 |
Fees
| Item | SEFCU Fee | New York State Bank/Credit Union average fee^ (as of April 2021) |
|---|---|---|
|
Overdraft Transfer from Savings |
$2.50 |
$7.39 |
| No activity for 12 months | $3/month | $7.80/month |
| Excessive withdrawals | No fee | $10.39 |
|
Teller Check |
No fee |
$10.65 |
|
Money Order |
No fee |
$4.04 |
|
Below minimum average daily balance * |
$15 |
N/A |
View Preferred Plus Savings details
Preferred Savings
Current Rates
| Average Daily Tier Balances | Dividend Rate | Annual Percentage Yield* | Minimum Balance to Obtain APY |
|---|---|---|---|
| Preferred Savings $0 - $2,499.99 | 0.05% | 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 |
Fees
| Item | SEFCU Fee | New York State Bank/Credit Union average fee*** (as of April 2021) |
|---|---|---|
| Monthly Maintenance Fee | $0.00 | $4.52 |
| Overdraft Transfer from Savings | $2.50 | $7.39 |
View Preferred Savings details
School Banking Program
Fee-free savings account
| Minimum Opening Deposit (SEFCU makes the first deposit) | Dividend Rate | Annual Percentage Yield* | Average Daily Balance to Obtain APY |
|---|---|---|---|
| $1.00 | 0.05% | 0.05% | $25.00 |
Smart Sense Savings
Fee-free savings account
| Minimum Opening Deposit (SEFCU makes the first deposit) | Dividend Rate | Annual Percentage Yield* | Average Daily Balance to Obtain APY |
|---|---|---|---|
| $1.00 | 0.05% | 0.05% | $25.00 |
UTMA
Fee-free savings account
| Minimum Opening Deposit | Dividend Rate | Annual Percentage Yield** | Minimum Balance to Obtain APY |
|---|---|---|---|
| $1.00 | 0.05% | 0.05% | $25.00 |