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Traditional Savings Account

Home > Bank > Savings Accounts > Traditional Savings Account

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Traditional Savings Account

No matter what you’re saving for, this is the best place to start! A Traditional Savings account establishes your GenFed membership, giving you access to our wide variety of products and services.

This account is perfect for saving money long-term, building an emergency fund, or just setting money aside for a rainy day.

Traditional Savings Account Rates
Required Opening DepositMinimum Balance to Earn DividendsDividend Rate (APY)
$25 $100.00 0.10%

You can 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.