High Yield Deposit Accounts
Our most popular savings account is a great deal!
And now we've made it even better!
Your Board of Directors has approved a change to the interest rate structure of our popular High-Yield Deposit Account. Members now have an opportunity to increase their earnings on this account by maintaining higher balances. Beginning October 1, 2005, the interest rate earned on this account will be determined by the balance you maintain. The following tiers have been established for interest rate calculation:
- Balances $1000.00 to $24,999.99
- Balances $25,000.00 to $49,999.99
- Balances $50,000.00 to $99,999.99
- Balances of $100,000.00 or higher
This account earns DAILY interest, PAID MONTHLY. To calculate your interest, we take the balance that has been in your account overnight and multiply it by the current daily percentage rate based upon the tiers listed above. Click here for current rates on this account.
The minimum opening deposit and account balance is $1000.00.
Minimum deposits and withdrawals are $500.00. Up to three withdrawals can be made per month.
Your share account is insured through the NCUA.
This insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation
(FDIC). The NCUA Share Insurance Estimator is an educational resource about
share insurance and gives a detailed explanation of insurance coverage.
