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Special Purpose Savings Account

Home > Bank > Savings Accounts > Special Purpose Savings Account

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Special Purpose Savings Account

GenFed’s Club Savings accounts make it easy to set money aside for a specific purpose or savings goal. It’s a great way to budget and save for a big purchase, the holidays, a vacation, a wedding, a child’s education, and more!

Special Purpose Savings Account
TypeMinimum Balance to Earn DividendsDividend Rate (APY)
Christmas Club $100.00 0.15%
All Other Club Accounts $100.00 0.10%

Make saving automatic with direct deposit, payroll deduction, or by setting up recurring transfers from other accounts! Plus, it’s easy to manage your savings with free online and mobile banking and your choice of free printed or e-Statements.

Open an Account

APY = Annual Percentage Yield. See rates page for full rates disclosures.  ACCOUNTS INSURED UP TO $500,000. American Share Insurance insures each account up to $250,000. Excess Share Insurance Corporation provides up to an additional $250,000 of insurance per account.