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Money Market& Certificate Accounts
Higher Balances Deserve
Higher Rates
We know how hard saving can be, so we think that your effort should earn you a higher dividend rate. That’s why our Money Market, Certificate and IRA Certificate Accounts1 come with the most competitive dividends we offer. So, the more you save, the more you earn, and the faster your money grows.
It All Starts Here
The first step is opening a Basic Savings Account, instantly making you a Grow member. From there, you have complete access to all the benefits of membership in a credit union, including opening other high-dividend savings accounts best suited to your financial goals.
Already Applied?
Open an Account in Online BankingChoose The Right Account For You
Money Market Account
A Money Market Account is great for stashing money you may need down the road. If you’re wondering, “what is a Money Market Account?” a Money Market Account pays dividends on your deposit account based on current interest rates in the money markets. And the best part? There’s no minimum balance required to open this account.
Certificate Account
If you have any amount over $500 that doesn’t fit under your mattress anymore, you can open a Certificate Account.2 You choose how long, from six months to five years, and your money grows steadily as dividends compound throughout the term.
IRA Certificate Account
Whether your retirement is far down the road or right around the corner, our IRA Certificate Account offers our most attractive rates. With balances of $500 or more, you get the best of everything — the security of a Certificate Account plus potential tax advantages that could really make your savings grow faster.
Money Market Account Dividend Rate Annual Percentage Yield (APY) Balance less than $25,000 1.10% 1.11%3 Balance of $25,000 to $49,999.99 1.30% 1.31%3 Balance of $50,000 to $99,999.99 1.40% 1.41%3 Balance of $100,000 to $249,999.99 1.85% 1.87%3 Balance of $250,000 to $499,999.99 2.10% 2.12%3 Balance of $500,000 and more 2.35% 2.38%3 Certificate Account Dividend Rate $500 - $99,999.99 Annual Percentage Yield (APY) $500 - $99,999.99 Dividend Rate $100,000+ Annual Percentage Yield (APY) $100,000+ 6 - 11 months 3.50% 3.56%4 3.60% 3.66%4 12 - 17 months 4.50% 4.59%4 4.60% 4.70%4 18 - 23 months 4.25% 4.33%4 4.35% 4.44%4 24 - 29 months 4.25% 4.33%4 4.35% 4.44%4 30 - 35 months 3.85% 3.92%4 3.95% 4.02%4 36 - 47 months 3.95% 4.02%4 4.05% 4.13%4 48 - 59 months 3.95% 4.02%4 4.05% 4.13%4 60 months 4.00% 4.07%4 4.10% 4.18%4 IRA Certificate Account Dividend Rate $500 - $99,999.99 Annual Percentage Yield (APY) $500 - $99,999.99 Dividend Rate $100,000+ Annual Percentage Yield (APY) $100,000+ 6 - 11 months 3.50% 3.56%4 3.60% 3.66%4 12 - 17 months 4.50% 4.59%4 4.60% 4.70%4 18 - 23 months 4.25% 4.33%4 4.35% 4.44%4 24 - 29 months 4.25% 4.33%4 4.35% 4.44%4 30 - 35 months 3.85% 3.92%4 3.95% 4.02%4 36 - 47 months 3.95% 4.02%4 4.05% 4.13%4 48 - 59 months 3.95% 4.02%4 4.05% 4.13%4 60 months 4.00% 4.07%4 4.10% 4.18%4 Get the Most Out of Your Savings
Our dedicated Grow team members have crafted this guide to help you understand and maximize your savings options.
See All BlogsMay 18, 2022Risk Management: Five Things To Do for Your Retirement Savings Plan
If you’re investing in your retirement plan, we think you’re off to a great start when it comes to a happy retirement.
January 9, 2020Exploring One of Grow’s Most Popular Savings Options
Among numerous options to grow your savings, Certificate Accounts1 stand out as reliable, safe investments with solid returns.
September 9, 2021Open a Money Market Account for Better Rates and Access to Your Money
If you’re looking to earn one of our most competitive rates but still be able to get your hands on your money when you need it, opening a Money Market Account is the perfect solution.
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: when you open an account we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
Grow Savings Accounts are subject to ChexSystems® approval.
1A penalty will be imposed for early withdrawals.
2Certain restrictions apply. Not all taxpayers are eligible. Consult your tax advisor.
3The APYs are accurate as of 02/01/2023 and may change without notice after the account is opened. This is a tiered account. Variable Rate Account. Fees could reduce earnings.
4The APYs are accurate as of 09/08/2023 and may change without notice. Fees could reduce earnings on the account. A penalty will be imposed for early withdrawals. If the account is opened with $100,000 or more, you must maintain a daily balance of $100,000 in your account each day to obtain the disclosed APY. If the account is opened with less than $100,000, you must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed APY. If your account falls below the minimum balance requirements, your account will be closed. Certain restrictions apply on IRAs. Not all taxpayers are eligible. Consult your tax advisor. View additional certificate account disclosures.
How to Find Your Routing & Account Numbers
When you make a payment online, by phone or on a mobile device, you may be asked for our routing number and your checking account number. Credit unions and banks use these numbers to identify accounts and make sure money gets where it’s supposed to be. You’ll also need to provide your routing and checking account numbers for:
- Direct deposits
- Electronic checks
- Military allotments
- Wire transfers
Where to Find Your Routing & Checking Account Numbers
Your personal checks include both our routing number and your account number, as shown on the Grow check example below.
Don’t have a Grow check? No worries.
Visit any Grow store and ask for a Direct Deposit Form. It lists both your routing number and checking account number.
Making a Loan Payment
When it comes to making payments, we try to make it as painless as possible to pay your loan every month. We have several different ways to pay, including convenient online options.
Pay Online
You have two ways to pay online by transferring funds from another bank or credit union.
- Grow Online Banking (Preferred payment method for any loan)
This is the simplest way to pay your loan. You can make one-time payments or set up automatic recurring payments in Grow Online Banking. Once you log in, select “Transfer/Payments” from the menu. If you’re not enrolled in Grow Online Banking yet, you can set up your account in just a few minutes.
Log In
- Debit Card or ACH (Available for auto, personal loans and HELOCs)
Note: ACH and debit card payments are not available for credit cards or most mortgages, except HELOCs.
We accept ACH payments with no additional fees or Mastercard® and Visa® debit cards with a convenience fee of $4.95. To get started with an online ACH or debit card payment, select Pay Now below.
Pay Now
Pay by Mail
You can also pay any Grow loan by check through the mail. Please remember to include your account number and Grow loan number on the check. (For credit card payments, please do not write your 16-digit credit card number on the check, which can cause a delay in processing the payment.)
Address for auto, credit card, personal loan and HELOC payments:
Grow Financial Federal Credit Union
P.O. Box 75466
Chicago, IL 60675-5466Address for personal first or second mortgages and home equity payments:
Grow Financial Federal Credit Union
P.O. Box 11733
Newark, NJ 07101-4733You Are About To Leave GrowFinancial.org
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