Deposit Rates
Note: The Board of Directors reviews and sets all dividend rates before the start of each quarter. Interest rates are guaranteed for the specified term, based on the date of issue and are subject to change without notice.
Please contact a Member Service Representative at 989-773-5927 with questions.
| Share (Savings) Rates | |
| Effective Date: January 1, 2012 | |
| Account Type | Annual Percentage Yield |
| Base Share Account (000) | 0.10% |
Dividends are paid on balances over $100, excluding youth accounts. $5 minimum balance required for membership. | |
| Premium Share Account (004) | 0.15% |
$1,000 minimum balance to earn a dividend • Dividends compounded quarterly. | |
| Christmas Club (017) | 0.10% |
Christmas Club balances are transfered on November 1st of each year. $10 early withdrawal penalty fee. | |
| Vacation Club (008) | 0.10% |
No minimum balance required for any club/sub account. Dividends compounded quarterly. | |
| Sub-Share Accounts (001-003) | 0.10% |
No minimum balance required for any club/sub account. Dividends compounded quarterly | |
| IRA Share Account [020] | |
| Effective Date: January 1, 2012 | |
| Account Type | Annual Percentage Yield |
| IRA Share | 0.35% APY |
No minimum balance or deposit requirement. Accounts insured to $250,000 by NCUA. | |
| Insured Money Market Savings Account [009] | |
| Effective Date: January 1, 2012 | |
| Amount | Annual Percentage Yield |
| $2,000 to $24,999 | 0.10% |
| $25,000 to $49,999 | 0.20% |
| $50,000 to $99,999 | 0.30% |
| $100,000 and up | 0.40% |
$2,000 minimum balance requirement. Limited to six automatic debits, no more than three by check per month. Rates are quoted as APY = Annual Percentage Yield, and are subject to change. | |
| Certificates of Deposit & IRA CD's [300-399] | ||
| Effective Date: Thursday, February 23rd, 2012 | ||
| Term | Annual Percentage Yield | Annual Percentage Yield |
$500 Minimum $10,000 Minimum | ||
| 3 months | 0.20% | 0.30% |
| 6 months | 0.30% | 0.40% |
| 12 months | 0.45% | 0.55% |
| 24 months | 0.65% | 0.75% |
| 36 months | 0.95% | 1.05% |
| 48 months | 1.30% | 1.40% |
| 60 months | 1.70% | 1.80% |
Minimum balances: $500 and/or $10,000. Interest compounded monthly. Penalty for early withdrawal. | ||
Note: Fees could reduce the earnings on accounts.
For a complete list of potential fees associated with these accounts, click here. The Board of Directors reviews and sets all dividend rates before the start of each quarter. Interest rates are quaranteed for the specified term, based on the date of issue and are subject to change without notice.
