COVID-19 – Beginning 11/27 branch lobbies are open for CALL AHEAD APPOINTMENT ONLY.† Drive through, night drop, phone and digital services remain OPEN for uninterrupted access.† Call your local branch for accommodations for other services.††Learn More

Close mobile menu
Online Banking Login
mastercard logo MasterCard Login
Interior Hero Desktop Test
Interior Hero Mobile Test

Special Purpose Savings Account

Home > Bank > Savings Accounts > Special Purpose Savings Account

caption curve

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.