The dividend rate and APY may change every quarter as determined by the Credit Union Board of Directors.
The minimum balance required to open a Savings (Share) account is $26.00. There is a one-time membership fee of $1.00 that is charged when each new member joins the Credit Union. The minimum to keep the account open is $25.00.
To earn dividends on your Savings (Share) account, you must carry a minimum daily average balance of $100.00 each day to obtain the annual percentage yield.
Dividends will be compounded and credited quarterly. If you close your Savings (Share) account before dividends are paid, you will not receive the accrued dividends.
Statements will be mailed yearly.
Dividends are calculated by the average daily balance method, which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.
|Account Type||APY||Minimum Balance||Maximum Balance|
|24 months||2.25%||Minimum of $5,000|
|24 months||2.50%||Minimum of $10,000|
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Here's how it works:
Teach your child, starting at a young age, the value of money and how to save! Open a Student Saver account today! It only takes $5 to open the account, and a minimum balance of $5 is required to keep the account active. Dividends are paid on any balance of $5 or more.