Share Savings Account

A Greater Nevada Credit Union Share Savings account is more than just a place to save funds–it’s how you become a member-owner of our cooperative and gain access to a better banking experience.

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What is a Dividend Savings Account?

Earn while you save with Share Savings accounts, also known as dividend savings accounts at other financial institutions. Money deposited into dividend savings accounts earns dividends, and at Greater Nevada Credit Union, that money is paid to you every month.

How do Share Savings Accounts Work?

A Share Savings account is your key to unlocking a wealth of benefits across Greater Nevada Credit Union–literally. Opening one is the first step to becoming a member of our credit union and earns you the right to participate in Board of Directors elections, as well as take advantage of account holders-only services, accounts, loans, and other special features.

Like savings accounts at traditional banks, funds deposited into Share Savings accounts are compounded monthly to earn dividends. Every month, that money earns interest based on the dividend rate and is deposited into your account automatically. Finally, rest easy knowing your money is safe. Funds you deposit into savings at Greater Nevada Credit Union (and in fact, most credit unions) are federally insured up to $250,000 by the National Credit Union Administration (NCUA).

Live Greater With Share Savings

Membership. Voting rights. Monthly dividends. There’s lots to love about Share Savings accounts, and there’s more to discover.

Competitive Monthly Dividend Earnings

Saving money is its own reward, but there are even more perks to saving with Greater Nevada Credit Union. With a Share Savings account, you’ll receive competitive dividend earnings every month.

Easy Account Requirements for No Fees

Waive the monthly service charge with an active additional deposit accounts or loans, or the account receives direct deposits, or you maintain a $200 minimum daily balance.

Safe & Secure Digital Banking

We understand that you don’t always want to make a trip to a branch. That’s why we made online banking and mobile app easy to use so you can bank anytime, anywhere you’d like.

Online & Mobile Banking

$5 Deposit to Open an Account

It doesn’t take much to start saving with us. All you need to open a Share Savings account is to make at least an initial deposit of $5 (plus an additional $5 membership entrance fee if you’re joining us as a new member). Think of it as an investment into your financial wellness.

Direct Deposit & Payroll Deduction

Adding to your Share Savings account is even easier when you set up automatic direct deposit and/or payroll deductions. Never worry about moving money around manually–we’ll do it for you.

Federally Insured to $250K

Your money is safe with us. Funds deposited in Greater Nevada Credit Union Share Savings accounts are federally insured by the National Credit Union Administration (NCUA) up to $250,000.

Regular Share Savings Account Rates

Tier

Rate

APY¹

Tier

All Amounts

Rate

0.100%

APY¹

0.10%

¹APY (Annual Percentage Yield) effective October 3, 2022, and subject to change without notice. Dividends will be credited to your account and compounded every month. Fees could reduce the earnings on the account.

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What other types of share accounts are available?

Share Savings accounts aren’t the only ways you can save with Greater Nevada Credit Union. We offer other share accounts to help you plan for the future, including share draft accounts (commonly known as checking accounts), Share Certificates (CDs), and Individual Retirement accounts.

What’s the difference between interest and dividends?

Do you earn dividends or interest when you bank with us? At traditional banks, interest is money (think of it like a fee) the bank owes you in exchange for letting them use your funds. At credit unions, however, members earn dividends–a percentage of the amount deposited and our way of giving back to you as a shareholder in our cooperative.

How are dividend earnings calculated?

Dividend earnings depend on current rates for Share Savings accounts, as well as any other savings accounts you may hold with us. Dividends are compounded and paid monthly. To see current rates for different accounts, check here.

What’s the difference between bank shareholders and credit union shareholders?

At most traditional banks, shareholders are outside investors who collect profits. Depending on the number shares they hold, they have a greater say in how the bank is operated, among other things.
At most credit unions, shareholders are member-owners like you. Membership gives you representation. For example, Greater Nevada Credit Union has a board of directors (all members) who are elected by other members.