Deposit Accounts
| Account Name | Minimum To Open | Rate Type | Minimum To Earn Dividends | Dividend Rate | Annual Percentage Yield* (APY) | Frequency of Compounding |
|---|---|---|---|---|---|---|
| Membership Savings | $5 | Variable | $100 | 0.05% | 0.05% | Quarterly |
| Special Savings | $0 | Variable | $100 | 0.05% | 0.05% | Quarterly |
| Christmas Club | $0 | Variable | $100 | 0.10% | 0.10% | Annually |
| Kids Club | $5 | Variable | $5 | 0.10% | 0.10% | Quarterly |
| Money Market | $1,000 | Variable | $1,000 | 0.60% | 0.60% | Monthly |
| Money Market Investor | $10,000 | Variable | $10,000 | 1.00% | 1.00% | Monthly |
| Roth and Traditional IRA Accumulator | $0 | Variable | $100 | 1.00% | 1.00% | Quarterly |
Penalties may apply for early withdrawal on term share accounts. Fees may reduce earnings. Offering rates may change after account opening.
Regular and IRA Certificates
| Term | Minimum To Open | Rate Type | Minimum To Earn Dividends | Dividend Rate | Annual Percentage Yield* (APY) | Frequency of Compounding |
|---|---|---|---|---|---|---|
| 6 to 11 Month | $500 | Fixed | $500 | 1.00% | 1.00% | Quarterly |
| 12 to 23 Month | $500 | Fixed | $500 | 1.25% | 1.25% | Quarterly |
| 15 Month (Special) | $500 | Fixed | $500 | 2.75% | 2.78% | Quarterly |
| 24 to 35 Month | $500 | Fixed | $500 | 1.50% | 1.51% | Quarterly |
| 27 Month (Special) | $500 | Fixed | $500 | 2.50% | 2.53% | Quarterly |
| 36 Month | $500 | Fixed | $500 | 1.75% | 1.76% | Quarterly |
| 39 Month (Special) | $500 | Fixed | $500 | 2.25% | 2.27% | Quarterly |
The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding. Penalties may apply for early withdrawal on term share accounts. Fees may reduce earnings. Offering rates may change.
Jumbo and Jumbo IRA Certificates
| Term | Minimum To Open | Rate Type | Minimum To Earn Dividends | Dividend Rate | Annual Percentage Yield* (APY) | Frequency of Compounding |
|---|---|---|---|---|---|---|
| 6 to 11 Month | $10,000 | Fixed | $10,000 | 1.25% | 1.25% | Quarterly |
| 12 to 23 Month | $10,000 | Fixed | $10,000 | 1.50% | 1.51% | Quarterly |
| 15 Month (Special) | $10,000 | Fixed | $10,000 | 4.00% | 4.08% | Quarterly |
| 24 to 35 Month | $10,000 | Fixed | $10,000 | 1.75% | 1.76% | Quarterly |
| 27 Month (Special) | $10,000 | Fixed | $10,000 | 3.75% | 3.82% | Quarterly |
| 36 Month | $10,000 | Fixed | $10,000 | 2.00% | 2.02% | Quarterly |
| 39 Month (Special) | $10,000 | Fixed | $10,000 | 3.50% | 3.56% | Quarterly |
The APY is an annualized rate that reflects estimated dividend earnings based on the dividend rate and frequency of compounding. Penalties may apply for early withdrawal on term share accounts. Fees may reduce earnings. Offering rates may change.
Terms and Conditions
MEMBERSHIP SAVINGS: If the Membership Savings (Share) balance drops below $5, credit union services will be discontinued.
DIVIDEND TERMS: With the exception of certificates, rates are variable and are subject to change monthly. If you close your money market, Certificate, or IRA accounts before the end of the dividend period, your dividends will be posted to the account prior to closing. For all other accounts, if you close your account before dividends are posted, you will not receive accrued dividends. Dividends will begin to accrue on the same business day of your deposit. Dividends are paid from current income and available earnings after required transfer to reserve at the end of the dividend period.
DIVIDEND CALCULATION METHOD: Dividends for Membership Ssavings, Special Savings, and IRA Accumulator accounts are calculated by using the average daily balance method, which applies a daily periodic rate to the average daily balance in your account for the period covered. Money Market, Christmas Club, and Certificate accounts are calculated by using the daily balance method, which applies a daily rate to the principal in your account each day.
CHRISTMAS CLUB: Dividends on Christmas Club accounts will be posted on September 30 of each calendar year. Funds will be available for withdrawal October 1 through December 31.
MONEY MARKET AND MONEY MARKET INVESTOR: There is no limit on the number or amount of withdrawals. If a Money Market Investor account falls below the minimum balance it converts to the Money Market rate.
CERTIFICATES: After the account is open, no additional deposits may be made until maturity. Approximately 30 days prior to maturity, a notice will be mailed to remind you of the maturity date. Unless you instruct otherwise, certificates will automatically renew into a new certificate with the same term at the then-offered interest rate for that term. Certificate specials will automatically renew into a non-special certificate with a standard term and rate closest to the term of the certificate special. There is a grace period of ten (10) days after the maturity date with withdraw funds without being charged an early withdrawal penalty or loss of interest earned.
APY ASSUMPTIONS: Annual Percentage Yield assumes dividends remain on deposit. Withdrawals of dividends will reduce earnings. Anticipated current dividend rates will be quoted or mailed to you upon request or at the time of opening an account.
CHECKING: Accounts are divided into transaction and savings sub accounts. Funds not used to pay debits may be transferred to the savings sub account. This process will not affect your available balance or monthly statement. Accounts cannot be used for unlawful Internet gambling. Inactive accounts with a zero balance for over 90 days will be closed.
Fees and Limits
Find out how certain services, accounts, conditions, or transactions might incur fees or be limited.
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