SAVINGS

Reach your financial goals with a GECU savings account

Accomplish more with the tools and support of GECU’s savings accounts. Being a member-owner of GECU lets you enjoy the many benefits of being a credit union member.

Savings Account

Empower yourself to create or reinforce a savings habit with our help

Our GECU savings accounts let you enjoy …

Savings Account

No monthly service fees

Our savings accounts have zero monthly service fees. Plus, your money stays in communities throughout Texas and New Mexico.

Savings Account

24/7 savings account access

Use GECU Online Banking or the GECU Mobile App1 to check account balances, view monthly statements, make mobile check deposits2 with the app, and make transfers between your GECU accounts.

Savings Account

Increased savings account dividend returns

The more you save, the more you earn! You can earn dividends on average daily balances of $100 and more with competitive dividend rates.

Savings Account

A variety of savings account options

We offer a variety of savings accounts to fit your financial goals and your lifestyle, including personal, IRA, education and youth savings accounts.

COMPARE SAVINGS ACCOUNTS

PERSONAL SAVINGS ACCOUNTS

Personal Savings Account

Get a step closer to reaching financial freedom — whatever that may be for you!
Get a step closer to reaching financial freedom — whatever that may be for you!

Best for: Members looking for an everyday savings account.


  • No monthly service fees
  • Convenient 24/7 account access with online and mobile banking
  • Access to 80,000+ surcharge-free ATMs3
  • Mobile check deposits with the mobile app and deposit-taking ATMs2
  • Access to free financial education seminars and videos

IRA Accounts

Start saving for the financial future of your dreams now.
Start saving for the financial future of your dreams now.

Best for: Members looking to create financial security for their future.


  • Choose from a variety of options: traditional IRAs,4 Roth IRAs and Coverdell Education Savings Accounts5
  • Your money grows more quickly with tax-free or tax-deferred benefits6
  • Establish a plan to ensure a comfortable retirement
  • Keep your hard-earned money in low-risk accounts that give you peace of mind

Youth Savings Account

Get your child started early on their financial journey with one of GECU's many kids savings accounts!
Get your child started early on their financial journey with one of GECU's many kids savings accounts!

Best for: Children and teens up to 17 years old.


  • No monthly service fees
  • Free online financial tools and a special gift at account opening
  • Extra perks and features with the Miners Kids Club presented by GECU7
  • Coverdell Education Savings Accounts available
Savings Accounts

What’s Next For You?

GECU Savings Accounts

Accomplish more with the tools and support of our savings accounts. We’re here to help you make small efforts that can lead to big things. Save today, so tomorrow you can ask yourself, “What’s next for me?”
We’re Here to Answer Your Savings Account Questions
  • What is a savings account?
    A savings account is an insured dividend-paying account that is opened and maintained with a minimum of $10 where you may add or withdraw money as you choose. You must open a savings account to become a member and get access to other GECU products and services. A member’s first share account establishes his/her GECU membership as long as at least one share savings account remains open. This account can provide overdraft protection for checking accounts.
  • Can I open a savings account online?
    Yes, you can open a savings account online now or by calling toll-free at 1.800.772.4328.
  • What do I need to open a savings account?
    To open a GECU savings account, you need a valid government- or state-issued picture ID. See what other items you will need to open a savings account.
  • What is a high-yield savings account?
    A high-yield savings account offers a higher dividend rate than a standard savings account, allowing your money to grow even faster as it sits in your account. GECU Money Market accounts offer a higher dividend rate than a typical savings account while allowing access to your money — similar to a high-yield savings account.
  • Can I transfer money?
    Transferring money is easy and can be done with GECU Online Banking, the GECU Mobile App,1 GECU Chat, or the contact center. Learn more about transferring money.
  • How do I set up my direct deposit?
    Provide your employer with GECU’s routing number (312081089) and your account number to set up your direct deposit with GECU. Log in to your online banking account, click on “Financial Tools,” then select “Direct Deposit Letter.” The direct deposit letter can also be picked up at any GECU location. Then, provide your direct deposit letter to your employer.
  • What is an IRA savings account?
    An individual retirement account (IRA) is a retirement savings account that offers the possibility of tax breaks now or at retirement depending on whether you pick a Roth IRA or a traditional IRA.
Savings Account

Your money and savings stay in your community

  • Watch your money grow when you earn dividends on average daily balances of $100 and more.
  • 24/7 account access with online banking and the mobile app.
  • No monthly account fees and only a $10 opening deposit is required.
We’re Here to Answer Your Business Savings Account Questions
  • What documents do I need to open a business savings account?
    To open a GECU Business Savings account, you need a valid state- or government-issued ID, an employer identification number (EIN) and a business name.
  • How much do I need to open a business savings account?
    There is no minimum balance required to open a GECU Business Savings account. Only a one-time opening deposit of $10 is required.
  • Do I earn dividends on a business savings account?
    Yes, our business savings accounts can earn dividends when the average daily balance is $100 or more. View our current business savings account dividend rates.
  • How do I get an EIN number?
    Apply for an EIN number online by visiting irs.gov. You will be required to fill out the Form SS-4 PDF and you can download the instructions PDF on the IRS website.
  • How often should I deposit into a business savings account?
    The number of times that you deposit into your business savings account depends on the type of business you own.
  • Can I access online banking with a business savings account?
    Yes, we offer online banking for consumer and business accounts.
  • Do I need to schedule an appointment to open a business savings account?
    Yes. To open a business savings account, you need to schedule an appointment with a GECU representative. To schedule an appointment, please call toll-free at 1.800.772.4328.
Membership eligibility is required.
1Standard text-messaging and data rates may apply through the wireless carrier.
2Check deposits are subject to the funds availability policy. Not available for GECU Second Chance Checking Accounts.
3Transaction fees may be charged by the owners of non-GECU ATMs.
4To open an IRA account, you will need to make an appointment with the GECU Special Services department.
5Certain tax implication and contribution limitations apply to Education Savings Accounts (ESAs). Consult your tax adviser for details.
6Withdrawals before you are 59½ years old may result in a tax penalty and interest penalty, except in the case of education IRAs. Consult your tax adviser for details.
7A Miners Kids Club membership is required to open a GECU Miners Kids Club Youth Savings Account. A minimum opening deposit of $10 will be funded by GECU at account opening. APY (Annual Percentage Yield) of 0.15% is dependent on the share account opened and is accurate as of the last dividend declaration date. Dividend rates may change after the account is opened. Dividend rates are accurate as of July 16, 2024. Limit one account per Miners Kids Club membership. GECU will provide tax reporting to recipient and Internal Revenue Service.
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