Deposit Rates
| Savings Rates | ||
| Effective Date: 10/01/2024 | ||
| APY* | Dividend Rate | |
| A minimum balance of $5.00 is required to obtain APY on Savings / Primary Share Accounts | Rates are subject to change without notice as determined by the Credit Union Board of Directors | ||
| Prospective rates for the 4th quarter ending December 31, 2024 & posting January 1, 2025, are: | ||
| Primary Share (savings) Minimum Balance = $5.00 | 0.01 APY | 0.01 |
| Checking / Share Draft | 0.00 APY | 0.00 |
| Open Share IRA | 0.25 APY | 0.25 |
| Escrow / Sub Share | 0.01 APY | 0.01 |
| Premier Business Account | $10,000 minimum daily balance required | 0.10 APY | 0.10 |
| *APR = Annual Percentage Rate | APY = Annual Percentage Yield | ||
| Holiday Club | 0.01 APY | 0.01 |
| Certificate Account Rates | |||
| Effective Date: Saturday, December 21st, 2024 | |||
| Term | Min. Deposit | Annual % Yield | Dividend Rate |
3 Month |
$1,000.00 | 0.10 APY | 0.10 |
6 Month Money Market |
$2,500.00 | 1.00 APY | 1.00 |
9 Month |
$2,500.00 | 0.20 APY | 0.20 |
| 10 Month | $1,000.00 | 4.00 APY | 4.00% |
| 10 Mo Certificate Account will auto renew to 1 year Certificate Account Term and Current Rate | |||
1 Year |
$500.00 | 2.50 APY | 2.50 |
1 Year Youth |
$50 / $5 adds | 2.50 APY | 2.50 |
18 Month |
$500.00 | 3.00 APY | 3.00 |
24 Month** |
$5,000.00 | .40 APY | .40 |
| **Your 24 month certificate will not automatically renew if a penalty-free withdrawal taken during the 24 month term has caused the certificate's maturing balance to be less than $5,000. In such case you will have the 10 day grace period to return the balance to the minimum opening balance of $5,000 or the certificate will redeem to your share account. | |||
36 Month |
$1,000.00 | 0.60 APY | 0.60 |
48 Month*** |
$5,000.00 | 0.65APY | 0.65 |
| ***A one-time increase (bump-up) of the interest rate is allowed during the certificate term. See 48 month Term Share Certifcate disclosure for specific details. | |||
| 5 Year | $500.00 | 1.75 APY | 1.75 |
| IRA Certificate Rates | |||
| Effective Date: Saturday, December 21st, 2024 | |||
| Term | Min. Deposit | APY* | Dividend Rate |
| 1 Year Traditional | $1,000.00 | 2.50 APY | 2.50 |
| 5 Year Traditional | $1,000.00 | 1.75 APY | 1.75 |
| 1 Year Roth | $1,000.00 | 2.50 APY | 2.50 |
| 5 Year Roth | $1,000.00 | 1.75 APY | 1.75 |
| IRA Certificates: No adds | 3 month penalty | Automatic renewal | Dividends Compound | |||
| *APR = Annual Percentage Rate | APY = Annual Percentage Yield | Rates subject to change without notice | |||
| Fees may reduce the earnings on account | Early withdrawal penalty will or may be imposed | |||
Certificate rates are subject to change on a daily basis and not all compound interest
All rates subject to change without notice as determined by the Credit Union Board of Directors