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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.

Savings

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 0.15% 0.15% Monthly
Money Market Investor $10,000 Variable $10,000 0.20% 0.20% Monthly
Roth and Traditional IRA Accumulator $0 Variable $100 0.20% 0.20% 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 0.25% 0.25% Quarterly
12 to 23 Month $500 Fixed $500 0.35% 0.35% Quarterly
24 to 35 Month $500 Fixed $500 0.45% 0.45% Quarterly
36 Month $500 Fixed $500 0.55% 0.55% 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 0.35% 0.35% Quarterly
12 to 23 Month $10,000 Fixed $10,000 0.45% 0.45% Quarterly
24 to 35 Month $10,000 Fixed $10,000 0.55% 0.55% Quarterly
36 Month $10,000 Fixed $10,000 0.65% 0.65% 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.

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.

* APY = Annual Percentage Yield.
** APR = Annual Percentage Rate. Rates are based on an evaluation of credit history, so your rate may differ.

Last updated on 6/26/2022. Rates are subject to change.