Credit union · NCUA insured
Preferred Credit Union Savings Rates
Preferred Credit Union’s best savings rate is 0.55% APY on $10,000, with its Preferred Money Account. Rates checked October 16, 2026.
How Preferred Credit Union’s savings rates compare
Compared with banks and credit unions near Grand Rapids, MI, where Preferred Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
Preferred Credit Union
0.55%APY
- Requires
- None
- Minimum
- $500
- Earns on $10,000 a year
- $55
Preferred Money Account
Top rate
Ignite Credit Union
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $0
- Earns on $10,000 a year
- $500
2nd-highest rate
First National Bank of America
4.20%APY
- Requires
- None
- Minimum
- $1,000
- Earns on $10,000 a year
- $420
Preferred Credit Union savings score
80
Savings score
Higher than 53% of U.S. banks and credit unions
- $1,000 balance$1,0000.45%
- $10,000 balance$10,0000.55%
- $100,000 balance$100,0000.65%
- QualifiedQualified0.55%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Preferred Credit Union ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the credit union’s website. Earnings assume the rate doesn’t change.
Preferred Money Account
0.55%APY
Tiered savings account where interest is computed daily and paid monthly. No monthly service charges.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| $500 – $2,500 | 0.45% | — |
| $2,500 – $10,000 | 0.50% | — |
| $10,000 – $25,000 | 0.55% | $55 |
| $25,000 – $50,000 | 0.60% | — |
| $50,000 and up | 0.65% | — |
Sources (2)
All captured Sep 18, 2026
Share Savings Account
0.10%APY
When you join Preferred Credit Union, the first account opened is a savings account. Dividends paid quarterly on balances of $50 and greater.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $5 and upDividends paid quarterly on balances of $50 and greater.$5 and up | 0.10% | $10 | Dividends paid quarterly on balances of $50 and greater. |
Sources (2)
All captured Sep 18, 2026
Special-purpose accounts
Health Savings Account
1.00%APY
Family or Individual Accounts available. No minimum balance, no annual fee. Free debit card and checks. Interest paid quarterly. Payroll deduction available.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| $100 – $1,000 | 0.25% | — |
| $1,000 – $5,000 | 0.50% | — |
| $5,000 – $10,000 | 0.75% | — |
| $10,000 and up | 1.00% | $100 |
Sources (3)
- preferredcu.org/preferred-banking/savings-accounts
- preferredcu.org/preferred-banking/savings-accounts/iras
- preferredcu.org/rates
All captured Sep 18, 2026
IRA Savings
0.30%APY
No minimum balance, no annual fee. Interest paid quarterly. Payroll deduction available. Options include Traditional, Roth, Coverdell Educational IRAs, SEP, and SIMPLE IRA.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 0.30% | $30 |
Sources (3)
- preferredcu.org/preferred-banking/savings-accounts
- preferredcu.org/preferred-banking/savings-accounts/iras
- preferredcu.org/rates
All captured Sep 18, 2026
Christmas Club
0.20%APY
No minimum balance to open the account. Deposits can be made through payroll deduction or transaction at a local office. Accounts automatically transfer into Share Savings Account on September 30th of each year. Early withdrawal fee applies.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceFunds transfer automatically to Share Savings Account on September 30th each year.Any balance | 0.20% | $20 | Funds transfer automatically to Share Savings Account on September 30th each year. |
Sources (3)
- preferredcu.org/preferred-banking/savings-accounts
- preferredcu.org/preferred-bank…-accounts/christmas-club
- preferredcu.org/rates
All captured Sep 18, 2026
Vacation Club
0.20%APY
No minimum balance required to open the account. Deposits can be made through payroll deduction.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Any balance | 0.20% | $20 |
Sources (2)
All captured Sep 18, 2026
Who can join Preferred Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who live, work, attend school, or worship in specified Michigan counties are eligible for membership.
Employers and groups
- Employees or members of employer groups located within 25 miles of any branch office are eligible for membership.
Family and household
- Individuals who have a verifiable direct relation to an existing member are eligible for membership.
Other ways
- Individuals receiving retirement payments who live in or belong to a retirement organization in the county (or contiguous county) where the principal place of business is located are eligible.
Membership information collected October 5, 2026.