Share Savings Accounts
Savings Calculator
Our regular Share Savings Account is the main account for all members. You must maintain a Share Account to access all Credit Union services. You can open a Share Savings Account with a deposit of $5.00 plus a $1.00 new account fee. The minimum of $100.00 per member in share account is necessary to keep the account open. You must have a minimum of $100.00 in your share account to earn any interest (dividends).
The account can be set up as a single name account, joint account, custodial account, or trust account.
Deposits can be made during regular hours or through our night deposit box outside of working hours. We encourage members to use Payroll Deduction or Direct Deposit to place money into their Share Savings Accounts.
Interest (dividends) are paid quarterly on the average daily balance. The dividend rates are declared quarterly after the expenses and reserves have been met. The current share dividend rates are:
| ACCOUNT |
BALANCE |
RATE |
APY* |
| Regular Shares |
$.01 - $99.99 |
0.00 % |
0.00% |
| |
$100.00 - $24,999.99 |
0.10% |
0.10% |
| |
$25,000.00 - 99,999,999.99 |
0.20% |
0.20% |
| IRA Shares |
N/A |
0.40% |
0.40% |
| CLUBS |
Same structure as regular share rates |
| Draft |
|
N/A |
N/A |
Rates effective as of 12/31/2011
*APY = Annual Percentage Yield