About This Savings Plan
This account that can be held by members of Gateway between the ages of 15-65, is an interest bearing savings goal account where you can start saving a minimum of $500 per month and in the event of death, the credit union will pay to the named beneficiary on the account the total savings plus insurance benefits.
What You Need To Know
As Low As
Starting Balance *
3 - 4%
Who is This Savings Account For?
Cornwall Youth, above the age of 15, wishing to start a savings account
Cornwall Elderly people, below the age of 65, wishing to save for their loved ones before death
Cornwall parents wishing to start saving for their child/children's future
Cornwall residents wishing to start saving for personal desires (house, car, marriage etc)
"Expecting" Cornwall couples wishing to start saving for their newborn's future
Cornwall newly married couples wishing to start saving for their future
Cornwall residents who wish to learn "the discipline of saving"
Cornwall residents who wish to save for unexpected events, financial or health-wise
Does this savings account have any special maturity date?
The Golden Harvest account can be held for up to 10 years. At the end of this cycle, you can choose to open a new account with your balance.
What are the most important details?
Minimum amount: $500
Maximum amount: $4,000,000
Interest varies by number of consecutive contributing years:
1-3 Years: 3%
4-5 Years: 3.25%
6-8 Years: 3.75%
9-10 Years: 4%