Regular Savings and Special Savings

Whether you're saving for your dream home, a vacation, or rising education costs, we can help.

G.U.T Credit Union is pleased to offer our members a variety of savings accounts and investment products to meet members' individual needs.

Our specialty is member service. So if you're not sure which savings option is right for you, call or visit your branch today and let us help you decide.

 

Regular Savings

 

A compulsory account for our members who are saving for their dreams.

Enjoy a competitive high interest rate with no minimum balance required. This account is usually used together with the shares as security for loans.

The Regular Savings account works like a savings account in any other financial institution. Interest is paid quarterly and your savings are insured up to $10,800.00 at no cost to you.

Start saving for your future! No minimum amount is required to open this account. You earn interest no matter what the balance on your account may be and there is no penalty for maintaining a small balance.

The Grenada Union of Teachers’ Co-operative Credit Union Limited adheres to the strict Anti-Money Laundering Policies of the Financial Action Task Force (FATF).

 

Special Savings

If your Regular Savings has been used to secure a loan then the Special Savings Account is what you need!

This account gives you the freedom to save and withdraw as you desire. Deposits may be made at any time and may be in any amount. No minimum balance is required, and every dollar works for you. Practical for members who make frequent withdrawals or transfers (e.g. paying your monthly bills etc).

The Grenada Union of Teachers’ Co-operative Credit Union Limited adheres to the strict Anti-Money Laundering Policies of the Financial Action Task Force (FATF).

 

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Fixed or Term deposit & Solid Gold

At G.U.T Credit Union, our real satisfaction comes from knowing we've helped many members achieve their goals by providing a range of financial services combined with professional advice.

Every product has its unique benefits and provides an investment option for a different stage in your financial lifecycle. Put our expertise to work for you. We provide you with guidance and valuable information to ensure that you are on track to meeting your financial goals.

 

 

Term Deposit

A lump sum of money can be deposited with the Credit Union for duration of one to three years. The longer the period the greater the interest.

Certificates are usually issued stating the deposit amount, the maturity date and value and must be signed by the relevant Credit Union personnel and the holder of the deposit.

A minimum of $1000.00 or a lump sum of money can be deposited, the interest rate range from 4.00% to a maximum of 7.00%.

Choices

Term Deposit accounts earn interest yearly, and you can choose to add the interest you earn to your certificate principal or have the interest transferred to your savings accounts when it matures.

 

The Grenada Union of Teachers’ Co-operative Credit Union Limited adheres to the strict Anti-Money Laundering Policies of the Financial Action Task Force (FATF).

 Interest rates can change anytime due to market conditions.

 

Solid Gold

The Solid Gold acts like a savings account. You set your target goal and your monthly contribution. Then sit back and watch your money grow, while earning maximum interest. For as little as $25/month, this account lets you save for your goals.

Whether you’re planning for your Education or your Retirement, Solid Gold is the ideal product for you. It is one the most attractive comprehensive savings plan. This account must be held for a minimum of five years. There is a monthly minimum deposit of $25.00 and a maximum monthly deposit of $1000.00.

However accounts broken before the fifth year will receive less than the maximum interest.

The Grenada Union of Teachers’ Co-operative Credit Union Limited adheres to the strict Anti-Money Laundering Policies of the Financial Action Task Force (FATF).

 

 

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