Estate Account
A special account designed to help the executor of an estate manage funds on a deceased person’s behalf.
Ease estate management with an estate bank account.
Opened by an executor or probate-appointed administrator to manage the funds of a deceased member, an estate account is a temporary bank account that functions like a checking or savings account. The executor can deposit and withdraw funds as needed, including proceeds from the sale of real estate or investments. Once bills, taxes, and other debts are paid, the balance is dispersed to beneficiaries.
- Open as Free Checking Account or Share Savings
- $1 minimum balance
- $10 monthly service fee
- Provides easier access to a deceased person’s funds
- Simplifies record keeping for tax purposes
- Avoids commingled funds and related liability issues
Select your location to view rates.
Checking Rates
Showing rates for
Effective Date 12/05/2025
* APY = Annual Percentage Yield. All dividend rates and APY may change at any time, as determined by GLCU Board of Directors. The APYs shown above assume that all principal and dividends remain on deposit for the entire term. Fees could reduce earnings on the above accounts.
**
Tier 1: Accounts with 0-19 debit card transactions per month balances of $1.00 and over, will earn ::checking-tier-1:: APY.
Tier 2: Accounts with 20-39 debit card transactions per month and enrolled in e-statements will earn ::checking-tier-2:: APY on balances between $0-$10,000. Balances $10,001 and above will earn .05% APY.
Tier 3: Accounts with 40 or more transactions per month and e-statements will earn ::checking-tier-3:: APY on balances between $0-$10,000. Balances $10,001 and above will earn .05% APY.
The dividend rate may be calculated using two different rates. The dividend rate will appear as a blended APY on your monthly statement.
Do more than bank. Bank for a greater good. Join our membership and be part of the Great Lakes Credit Union story.
Debit Card Rewards
Enjoy exclusive savings on everything from apparel to travel, courtesy of our debit card rewards program – a small “thank you” for your membership.
Invite a Friend
Know someone looking for a not-for-profit financial institution that lets them bank for a greater good? Send them our way!
Testimonials
“I’ve gotten great customer service from Great Lakes Credit Union. When I go into the branch there is always someone there with a smile ready to help.”
Maximize your membership.
-
Get member-exclusive discounts on tax services from TurboTax® and H&R Block,® and estate plans from Trust & Will.
Disclosure:
1APY = Annual Percentage Yield. All dividend rates and APY may change at any time. The dividend rate may be calculated using two different rates. The dividend rate will appear as a blended APY on your monthly statement.
2Tier 1: Accounts with 0-19 debit card transactions per month balances of $1.00 and over, will earn .05% APY.
Tier 2: Accounts with 20-39 debit card transactions per month and enrolled in e-statements will earn 2.75% APY on balances between $0-$10,000. Balances $10,001 and above will earn .05% APY.
Tier 3: Accounts with 40 or more transactions per month and e-statements will earn 5.00% APY on balances between $0-$10,000. Balances $10,001 and above will earn .05% APY.
The dividend rate may be calculated using two different rates. The dividend rate will appear as a blended APY on your monthly statement.
Transactions must settle during the calendar month to qualify.
Browse the latest headlines for news and advice.
Good Things Happen to Good People: First-Time Homebuyer Earns Grant
Read Article Good Things Happen to Good People: First-Time Homebuyer Earns Grant