Club Savings Accounts

Club Savings Accounts

Put some money aside each month so when you’re most in need of a break, you can afford to take one – without dipping into your regular savings.

  • No deposit requirements – increase or decrease deposits at anytime
  • Identify your savings goal
  • Automatically deposit a pre-determined amount from your paycheck
  • Keep track of your progress through online banking/alerts
  • Deposited funds are held in the Vacation Club Account and can be withdrawn every six months without penalty.*
  • Earn 0.05% APY on a Vacation Club account.

*Withdrawals can be made in 6 months increments. For early withdrawals a $10 fee will be assessed.

Holiday Club Savings Account

Set aside money each month for holiday purchases. Saving in advance allows you to purchase your holiday gifts in cash rather than carrying a balance on your credit cards.

  • Deposited funds are held in the Holiday Club Account until October 15th of each calendar year, then transferred to your regular Savings Account for use and withdrawals
  • Competitive rates and No deposit requirements – increase, decrease or skip deposits anytime
  • Enroll anytime with flexible terms – sign up for continuous enrollment or just for a limited time period
  • Keep track of your progress through online banking/alerts
  • Withdrawals are permitted prior to the October 15 maturity date, however penalties apply*
  • Earn 0.05% APY on a Holiday Club account

*Withdrawals made prior to October 15 maturity date will incur a $10 early withdrawal penalty and the holiday club account will be closed, however you can call us to reopen the account on October 15th of that calendar year.

Summer Escrow Savings Account

The Summer Escrow plan was established to provide teachers and administrative school staff with a value added program that allows them to contribute monies for use during the summer months while away from school. This program has now been opened up to any employee who gets paid through direct deposit and works only 10 months of the year.

  • Maximum annual contribution is $15,000
  • Contributions must be made through Direct Deposit and not to exceed $1,500 per payroll
  • Keep track of your progress through online banking/alerts
  • All the contributions to the account will be transferred to your savings account on July 1st of each year
  • The Annual Percentage Yield for our Summer Escrow program is 0.75% APY will be good for the entire contribution period and will be subject to change annually

"Don’t Touch!" Savings Account

This account is specially made for individuals who have a hard time saving and never reach their savings goal.

  • Open a Don’t Touch Account and get on a plan to reach your savings goal.
  • Direct deposit available whereby recurring funds are automatically deposited to your account, you may also make deposits through Online Banking or at the branch, however NO withdrawals are permitted from this account, except at a branch.
  • When you need your money you can retrieve it from this account without the worry of any fees being charged.
  • Keep track of your progress through online banking/alerts
  • Earn 0.05% APY on a Don’t Touch account.

How do I open an account

What You Need:

  • If you are a NEW member you will first need to first open a Savings account online or in branch, you’ll need an unexpired government issued identification such as a State-issued Driver’s License or a U.S. Passport.
  • If you are an EXISTING member you may open an account securely and conveniently through Online Banking or at a branch where you will be required to provide a government issued ID.

Direct Deposit – Direct Deposit simplifies your banking by automatically depositing your payroll, and other recurring deposits directly into any Greater Alliance account. To set up Direct Deposit, provide our Routing Number – 2212-7587-6 along with your account/member number to your depositor.