Americo Federal Credit Union
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Locations:
4101 Main Street
Erie, PA 16511
814-899-6608
814-899-6005 fax

2545 West 23 Street
Erie, PA 16506
814-833-0433
814-833-7299 fax

Share Rates


Share Rates as of June 30, 2014
Share Certificate Rates as of October 22, 2014

 SHARE RATES 

Share/Savings Accounts

Account Type

Dividend
Rate

APY*

Minimum
Balance

Share / Savings 

0.10%

0.10%

$5.00

Share Draft / Checking 

0.05%

0.05%

none

Club Accounts

0.10%

0.10%

none

IRA's (Individual Retirement Accounts)

0.25%

0.25%

none

*APY = Annual Percentage Yield
All rates subject to change without notice.

 

Money Market Accounts

Money Market Accounts

Dividend
Rate

APY*

Tier 1 - $2,500 - $9,999

.15%

.15%

Tier 2 - $10,000 - $49,999

.20%

.20%

Tier 3 - $50,000 - $99,000

.25%

.25%

Tier 4 - $100,000 + 

.30%

.30%


*APY = Annual Percentage Yield.  Money Market accounts require a minimum deposit of $2,500.00 to open the account and a minimum balance of $2,500.00 to earn APY.  Money market rates increase at the following tiers:  $10,000 - $50,000 - $100,000+.  Dividends are calculated and paid monthly based on the average daily balance during the month.  If the balance falls below the minimum balance, no dividend will be paid for that month.  Dividends post to the Money Market account.
All rates subject to change without notice.



Share Certificates

 

Share Certificate Term

Dividend
Rate

APY*

Minimum Balance

12 Month

  .45%

 .45%

$500

18 Month

  .55%

 .55%

$500

24 Month

  .70%

 .70%

$500

36 Month

 1.05%

 1.05%

$500

48 Month

 1.25%

1.25%

$500

60 Month

 1.60%

 1.60%

$500

 

*APY = Annual Percentage Yield.  Share Certificate rates are fixed at time of purchase.  Dividends do not compound on the share certificate.  Dividends are paid into member's primary share (01) account.  Credit Union may impose a penalty for early withdrawal.
All rates subject to change without notice.

 

IRA Share Certificates

 

IRA Share Certificate Term

Dividend
Rate

APY*

Minimum Balance

12 Month

 .45%

  .45%

$500

24 Month

 .70%

  .70%

$500

36 Month

1.05%

1.05%

$500

48 Month

1.25%

 1.25%

$500

60 Month

 1.60%

 1.60%

$500

 

*APY = Annual Percentage Yield.  IRA Share Certificate rates are fixed at time of purchase.  Dividends do not compound on the IRA share certificate.  Dividends are paid into member's IRA accumulation account.  Credit Union may impose a penalty for early withdrawal.
All rates subject to change without notice.

 

Share Savings Accounts:
APY=Annual Percentage Yield.   
Regular Share Savings Accounts require a minimum balance of $5.00. 
Money Market accounts require a minimum deposit of $2500.00 to open the account and to earn the advertised APY dividend.  
Penalty imposed for early withdrawal on Share Certificates and IRA Share Certificates.
All 
rates are subject to change without notice.  
Fees may reduce earnings on the account(s).
Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. 

Rates effective as of the date shown above.  All rates are subject to change without notice.

Contact Americo FCU for current rates, applicable terms and fees.  

 

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