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Empower Your Financial Savvy

Through our free workshops members learn practical tips on how to reach goals and improve their personal finances.

This is where we add our money to your money.

We do more than hold onto your savings. We give it a nice bump in the right direction with regular dividend payments.

Summit Credit Union is committed to paying competitive rates on savings accounts, Certificates, IRAs and dividend-earning checking options.

Money Market Investor

Compounding Frequency Minimum Opening Amount Dividend-Earning Balance Minimum Annual Dividend Rate Annual Percentage Yield (APY)
Monthly $10,000 $10,000 to $49,999.99 1.00% 1.00%
$50,000 to $99,999.99 1.20% 1.20%
$100,000 to $199,999.99 1.40% 1.40%
$200,000 or greater 1.60% 1.61%

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 after account opening.

Other Savings Accounts

Compounding Frequency Minimum Balance Dividend-Earning Balance Minimum Description Annual Dividend Rate Annual Percentage Yield (APY)
Monthly $0 $500 Money Market Savings 0.60% 0.60%
Quarterly $0 $100 Roth and Traditional IRA Accumulator 1.00% 1.00%
Annually $0 $100 Christmas Club 0.50% 0.50%
Quarterly $5 $5 Kids Club 0.50% 0.50%
Quarterly $5 $100 Membership Savings 0.05% 0.05%
Quarterly $0 $100 Special Savings 0.05% 0.05%

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

Compounding Frequency Minimum Opening Amount Term Annual Dividend Rate Annual Percentage Yield (APY)
Quarterly $10,000 6 to 11 Month 1.74 1.75%
Quarterly $10,000 9 Month (Special) 4.67 4.75%
Quarterly $10,000 12 to 23 Month 1.99 2.00%
Quarterly $10,000 24 to 35 Month 2.24 2.25%
Quarterly $10,000 27 Month (Special) 4.43 4.50%
Quarterly $10,000 36 Month 2.97 3.00%
Quarterly $10,000 39 Month (Special) 4.19 4.25%

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.

 

Regular and IRA Certificates

Compounding Frequency Minimum Opening Amount Term Annual Dividend Rate Annual Percentage Yield (APY)
Quarterly $500 6 to 11 Month 1.50 1.50%
Quarterly $500 9 Month (Special) 3.95 4.00%
Quarterly $500 12 to 23 Month 1.74 1.75%
Quarterly $500 24 to 35 Month 1.99 2.00%
Quarterly $500 27 Month (Special) 3.70 3.75%
Quarterly $500 36 Month 2.73 2.75%
Quarterly $500 39 Month (Special) 3.22 3.25%

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.

 

Summit Credit Union is a full-service financial institution with eight branches throughout North Carolina.

Frequently Asked Questions

Current employees of any of our business partners and their immediate family are able to join. To become a member, you must open a new Savings account by depositing at least $5. Opening a Savings account is fast and easy.

We have eight branches across North Carolina with locations in Greensboro, Hickory, High Point, Oxford, Raleigh, and Winston-Salem.

Banking Where You Need It

Bank from anywhere, anytime. Digital Banking is available to members 24/7.

Last updated on 5/27/2024. Rates are subject to change.