Share Rates

Share Rates as of October 23rd, 2017
Share Certificate Rates as of November 15th, 2017

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. Membership Share $5.00 par value (par value is not a fee). Minimum balance is to earn APY.

Money Market Accounts

Money Market Accounts Dividend Rate APY*
Tier 1 – $2,500 – $9,999 .15% .15%
Tier 2 – $10,000 – $49,999 .25% .25%
Tier 3 – $50,000 – $99,000 .30% .30%
Tier 4 – $100,000 + .35% .35%

*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 Deposit &
Balance
12 month .60% .60% $500
18 month .70% .70% $500
24 month 1.05% 1.05% $500
36 month 1.21% 1.21% $500
48 month 1.51% 1.51% $500
60 month 1.76% 1.76% $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. Minimum balance is to earn APY.

IRA Share Certificates

IRA Share Certificate Term Dividend Rate APY* Minimum
Deposit & Balance
12 month .60% .60% $500
24 month 1.05% 1.05% $500
36 month 1.21% 1.21% $500
48 month 1.51% 1.51% $500
60 month 1.76% 1.76% $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.  Share Savings Accounts: Regular Share Savings Accounts require a minimum balance of $5.00.  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.