- Personal Loans
- Personal Loans
- Home & Auto
August 20, 2018
Stop Trashing Cash
You may not be destroying money, but you might as well be if you aren’t saving it! Grow Financial makes saving easy with smart accounts and competitive dividends that help you make the most of what you’ve got. No matter where you are in life, we’ve got a solution for you. So if you’re ready to stop trashing your cash, check out these savings options:
Basic Savings Account
This is the simple way to start building that nest egg. A $5 one-time membership fee and a $5 minimum balance lets you start small and build as you go with plenty of options for deposits and regular dividends earned daily and credited each quarter.
Get Fit Account1
If you need to get your savings in shape for a big purchase, like the down payment on a home, this account is the way to go. Earn a higher dividend than our Basic Savings Account, and get a $100 bonus when your balance reaches $10,000.
Money Market Account
Earn dividends on balances of $1,000 or more, while still having access to your money. A Money Market Account is perfect for building up an emergency cash reserve because you can save while still having access to your money, with the ability to make up to six penalty-free withdrawals2 monthly.
They say time is money. That’s exactly how a Certificate Account works—your money grows steadily over time. Terms run from six months to five years, and the longer the term, the more you earn. All you need is $500 to open, with balances of $100,000 or more earning higher dividends.
IRA Certificate Account4
This account offers the security of a Certificate Account, as well as potential tax advantages to give your retirement savings a boost. Plus, your money grows even faster with higher rates on balances of $100,000 or more! Learn more.
Membership required—Subject to eligibility.
Insured by NCUA
1Get Fit is a variable rate account that earns an Annual Percentage Yield (APY) of 0.35% and the APY may change after the account is opened. The APY quote is effective as of 7/1/2013 and is subject to change. Fees could reduce earnings on the account. Minimum balance to open is $5. Maximum balance to open is $400. Minimum deposit per month is $20. Maximum deposit per month is $400. Withdrawals are permitted. Bonus: When the account reaches $10,000, we will deposit $100 to that account within 90 days and your funds will be transferred to your Basic Savings Account. If more than $400 per month is deposited, the excess will be automatically transferred to your Basic Savings Account. If excess deposits have to be transferred three times to the Basic Savings Account, during a 12 month period, the balance of the account will be transferred to the Basic Savings Account. If you fail to deposit $20 per month for three months during a 12 month period, the funds in the account will be transferred to the Basic Savings Account.
2There is a limit of six withdrawals per month in accordance with Federal Reserve Regulation D.
3A penalty will be imposed for early withdrawals.
4A penalty will be imposed for early withdrawals. Certain restrictions apply. Not all taxpayers are eligible. Consult your tax advisor.
5Membership requires purchasing a share in the credit union and paying a one-time, non-refundable membership fee of $5.00.
6Accounts are subject to ChexSystems® approval.
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.
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.
- 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 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 60675-5466
Address for personal first or second mortgages and home equity payments:
Grow Financial Federal Credit Union
P.O. Box 11733
Newark, NJ 07101-4733