Deposit Rates
| Deposit Range | APY* | Dividend Rate |
|---|---|---|
| Go Savings, Holiday Savings and Extra Savings - $5 Minimum to open these accounts | ||
| $0.01 - $24,999.99 | 0.05% | 0.05% |
| $25,000.00+ | 0.05% | 0.05% |
| IRA Share - $5 Minimum to open this account | ||
| $0.01 - $24,999.99 | 0.20% | 0.20% |
| $25,000+ | 0.20% | 0.20% |
| Youth Savings - $50 opening deposit by Excite is held for the first 12 months and forfeited if account is closed prior to 12 months | ||
| $0.01 - $2,500 | 0.50% | 0.50% |
| $2,500+ | 0.10% | 0.10% |
NOTE: For NEW members who open a Go Savings, a bonus dividend rate of 5.00% APY** is paid on the first $2,500 balance in the account for the first 12 months beginning on the date the account is opened. For example, accounts opened in April will earn the bonus dividend from the date the account is opened through April of the following year.
**Anticipated Bonus Dividend Rate for balances of $0.01 to $2,500: 4.88% / Anticipated Annual Percentage Yield (APY): 5.00%
Non-Bonus Rate is 0.05% with anticipated APY of 0.05% for balances of $2500.01 and greater
Payment of Dividends for Go Saving, Extra Savings, Holiday Club, IRA Share and Youth Savings: The Daily Balance method is used to calculate dividends on these accounts. This method applies a daily periodic rate to the principal in the account each day. Dividends begin to accrue on the business day you make a deposit. Dividends are compounded daily and posted monthly on the last day of the month. Dividend rates are variable and may change at any time. Rate changes are solely within the Credit Union's discretion. If you close your account before dividends are paid, you will not receive the accrued dividends
Go Checking Rates
| Deposit Range | APY* | Dividend Rate |
|---|---|---|
| Premium Rate | ||
| $0.01 - $20,000.00 | 1.00% | 0.99% |
| Standard Rate | ||
| 20,000.00+ | 0.10% | 0.10% |
The dividend period is monthly. The Daily Balance method is used to calculate dividends on the account. This method applies a daily periodic rate to the principal in the account each day. Dividends begin to accrue on the business day you make a deposit. Dividends are compounded daily and posted monthly on the last day of the month.
Please note: Payment of dividends requires the account to have 6 posted debit card transactions and receive a minimum direct deposit of $500 into the Go Checking per statement period and be set up for eStatements.
Voltage Save & Spend
| Deposit Range | APY* | Dividend Rate |
|---|---|---|
| Tier 1 | ||
| $0.01 to $250,000 | 2.00% | 1.985% |
| Tier 2 | ||
| balances over $250,000 | .50% | .50% |
Please note - Payment of dividends requires the account to be set up for eStatements and maintain an Average Daily Balance of $20,000 in the Voltage Save and Spend per statement period. Both qualification criteria are required to be met to earn the stated Dividend Rate and APY. If both qualification criteria are not met no Dividend will be paid.
Limit of 1 Voltage Save and Spend account per membership.
Money Market Accounts
| Deposit Range | APY* | Dividend Rate |
|---|---|---|
| $0.01 - $49,999.99 | 0.10% | 0.10% |
| $50,000.00 - $99,999.99 | 0.20% | 0.20% |
| $100,000.00 - $199,999.00 | 0.25% | 0.25% |
| $200,000.00+ | 0.30% | 0.30% |
Payment of Dividends for Money Market Accounts are compounded and credited monthly on the last day of the month, The Daily Balance method is used to calculate dividends on these accounts. This method applies a daily periodic rate to the principal in the account each day. Dividends begin to accrue on the business day you make a deposit. Dividends are compounded daily and posted monthly on the last day of the month. Dividend rates are variable and may change at any time.
NOTE: Money Market accounts require a $2,500 minimum opening deposit, but can be maintained with a lower balance.
Share Certificates
| Term | APY* | Dividend Rate | Minimum Deposit |
|---|---|---|---|
| 6 Month | 4.25% | 4.170% | $500 |
| 12 Month | 4.0% | 3.925% | $500 |
| 24 Month | 2.90% | 2.865% | $500 |
| 36 Month | 2.75% | 2.72% | $500 |
| 48 Month | 2.75% | 2.72% | $500 |
| 60 Month | 2.75% | 2.72% | $500 |
Payment of Dividends for Share and IRA Certificates are compounded and credited monthly. Dividend rates on certificate accounts are fixed for the term of the certificate unless otherwise specified. The Daily Balance method is used to calculate dividends on these accounts. This method applies a daily periodic rate to the principal in the account each day. Dividends begin to accrue on the business day you make a deposit. Dividends are compounded daily and posted monthly on the last day of the month and at maturity.
NOTE: Early withdrawal penalties apply to all certificates. Fees for early withdrawals may reduce the earnings on the account.
IRA (Individual Retirement Account) Certificate
| Term | APY* | Dividend Rate | Minimum Deposit |
|---|---|---|---|
| 6 Month | 4.25% | 4.170% | $500 |
| 12 Month | 4.0% | 3.925% | $500 |
| 24 Month | 2.90% | 2.865% | $500 |
| 36 Month | 2.75% | 2.72% | $500 |
| 48 Month | 2.75% | 2.72% | $500 |
| 60 Month | 2.75% | 2.72% | $500 |
Payment of Dividends for Share and IRA Certificates are compounded and credited monthly. Dividend rates on certificate accounts are fixed for the term of the certificate unless otherwise specified. The Daily Balance method is used to calculate dividends on these accounts. This method applies a daily periodic rate to the principal in the account each day. Dividends begin to accrue on the business day you make a deposit. Dividends are compounded daily and posted monthly on the last day of the month and at maturity.
NOTE: Early withdrawal penalties apply to all certificates. Fees for early withdrawals may reduce the earnings on the account.
Dividend Checking Rates
| Deposit Range | APY* | Dividend Rate |
|---|---|---|
| Premium Rate | ||
| $0.01 - $15,000.00 | 0.50% | 0.50% |
| Standard Rate | ||
| $15,000.01 + | 0.20% | 0.20% |
Dividends will be compounded monthly and credited monthly. For our Dividend Checking Account the dividend period is monthly.
Dividends are calculated using the Average Daily Balance method. If you close your account before dividends are credited you will forfeit dividends that have accrued but not yet been paid. Dividend Rates and APY are variable, projected, and subject to change.
There are two tiers of dividends paid on the Dividend Checking Account, the Premium Rate and the Standard Rate. The Premium Rate will be paid on balances up to $15,000 and the Standard Rate will be paid on balances over $15,000 or on the entire balance if the account does not meet the minimum requirements.
Please note – Payment of dividends requires the account is set up for eStatements and have 12 or more posted debit card transactions within the calendar month.
Legal Disclosures
*APY=Annual Percentage Yield. All Rates and APYs are effective as of today's date and are subject to change without notice.
Payment of Dividend for All Accounts –Dividends are paid at the end of the applicable dividend period and are only paid out of current income and available earnings after required transfers to reserves. Dividends are regularly declared by the Board of Directors and are subject to change at any time. Credit Union bylaws permit a delay of up to 60 days for withdrawal of shares.
Your savings balances are insured to $250,000 by the National Credit Union Administration (NCUA), a U.S. Government Agency.