Savings / Investments
Share Rates Effective as of May 1, 2020. Certificate Deposit Rates Effective as of May 6, 2020.
|Type of Deposit||Minimum||APY*||Dividend Rate|
|Preferred Money Market Account ***||$250||up to .50%||up to .50%|
|Savings (Share) Account||$5||0.30%||0.30%|
|Individual Retirement Savings Account (IRA)||$5||1.21%||1.20%|
|VIP (over 60)||$5||0.30%||0.30%|
|Christmas Club Account||$5||0.30%||0.30%|
|Vacation Club, Kids & Teens Accounts||$0||0.30%||0.30%|
|Sharedraft/Checking Accounts **||$0||2.50%||2.47%|
Certificates May Be Shares or IRA's ($500 Minimum Deposit)
|Type of Deposit||APY*||Dividend Rate|
|6 Month Certificate||0.50%||0.50%|
|12 Month Certificate||0.60%||0.60%|
|18 month Certificate||0.70%||0.70%|
|24 Month Certificate||.80%||.80%|
|36 Month Certificate||1.01%||1.00%|
|College Saver 12 Month Certificate||0.60%||0.60%|
|College Saver 24 Month Certificate||.80%||.80%|
|College Saver 36 Month Certificate||1.01%||1.00%|
Dividend Rates and Terms subject to change without notice.
$5 minimum balance to earn dividends on Savings & Holiday Accounts
** Certain restrictions apply. To earn dividends on the checking you must do 15 signature-based transactions per month, must have one direct deposit or payroll deduction per month, & must receive e-statements. The maximum balance to earn dividends on is $10,000. A debit or credit card purchase using your PIN will not count towards your monthly transaction count. All ACH Direct Deposits or Payroll Deposits must post to your account by 6:00pm (ET) on the last business day of the month to count towards that month.
*** For Money Market accounts, a minimum balance of $250 is required to open the account, a minimum daily balance of $2500 is required to earn the APY listed, balances that fall below $2500 will earn the primary share dividend/apy rate.
Early Withdrawal Penalties: Stated terms of less than one year, account owners shall forfeit an amount equal to 90 days dividends on the amount withdrawn. Stated terms of one year or greater, account owners shall forfeit an amount equal to 180 days dividends withdrawn. All amounts withdrawn are subject to Credit Union approval. The early withdrawal penalty may exceed the actual dividends paid and could result in further reduction of the principle balance of your certificate. Other early withdrawal penalty amounts may be applied on certain terms and/or promotional rates as noted on this Truth & Savings Account Rate and Fee Schedule. Account owners are bound by all the terms and conditions of the Member Agreement.