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Deposit Rates
| Savings Rates | ||
| Effective Date: 10.01.2018 | ||
| APY* | Dividend Rate | |
| A minimum balance of $5.00 is required to obtain APY on Savings / Primary Share Accounts | Rates are subject to change without notice as determined by the Credit Union Board of Directors | ||
| Prospective rates for the 1st quarter ending March 31, 2019 & posting April 1, 2019 are: | ||
| Primary Share (savings) Minimum Balance = $5.00 | 0.01 APY | 0.01 APR |
| Checking / Share Draft | 0.00 APY | 0.00 APR |
| Open Share IRA | 0.25 APY | 0.25 APR |
| Escrow / Sub Share | 0.01 APY | 0.01 APR |
| Premier Business Account | $10,000 minimum daily balance required | 0.10 APY | 0.10 APR |
| *APR = Annual Percentage Rate | APY = Annual Percentage Yield | ||
| Christmas Club | 0.01 APY | 0.01 APR |
| Certificate of Deposit Rates | |||
| Effective Date: 11.19.2018 | |||
| Term | Min. Deposit | Annual % Yield | Annual % Rate |
SPECIAL 5 Year |
$5,000.00 New Money Only | 3.25 APY | 3.20 APR |
| 12 month early withdrawal penalty | New Money Only: Funds cannot have been on deposit at COPOCO CCU in the last 60 days | |||
3 Month |
$1,000.00 | 0.10 APY | 0.10 APR |
6 Month Money Market |
$2,500.00 | 0.15 APY | 0.15 APR |
6 Month Youth |
$300.00 | 0.15 APY | 0.15 APR |
7 Month |
$2,500.00 | 0.18 APY | 0.18 APR |
9 Month |
$2,500.00 | 0.20 APY | 0.20 APR |
1 Year |
$500.00 | 0.35 APY | 0.35 APR |
1 Year Youth |
$50 / $5 adds | 0.35 APY | 0.35 APR |
18 Month |
$500.00 | 0.45 APY | 0.45 APR |
24 Month** |
$5,000.00 | 0.55 APY | 0.55 APR |
| **Your 24 month certificate will not automatically renew if a penalty-free withdrawal taken during the 24 month term has caused the certificate's maturing balance to be less than $5,000. In such case you will have the 10 day grace period to return the balance to the minimum opening balance of $5,000 or the certificate will redeem to your share account. | |||
30 Month |
$500.00 | 0.60 APY | 0.60 APR |
36 Month |
$1,000.00 | 0.75 APY | 0.75 APR |
48 Month*** |
$5,000.00 | 1.01 APY | 1.00 APR |
| ***A one-time increase (bump-up) of the interest rate is allowed during the certificate term. See 48 month Term Share Certifcate disclosure for specific details. | |||
5 Year |
$500.00 | 1.15 APY | 1.15 APR |
| ALL CERTIFICATE RATES subject to change without notice | Fees may reduce the earnings on account | Early withdrawal penalty will or may be imposed | |||
| IRA Certificate Rates | |||
| Effective Date: 10.01.2018 | |||
| Term | Min. Deposit | APY* | Dividend Rate |
| 1 Year Traditional | $1,000.00 | .60 APY | .60 APR |
| 2 Year Traditional | $1,000.00 | .65 APY | .65 APR |
| 5 Year Traditional | $1,000.00 | 1.15 APY | 1.14 APR |
| 5 Year Roth | $1,000.00 | 1.15 APY | 1.14 APR |
| 1 Year Roth | $1,000.00 | .60 APY | .60 APR |
| 2 Year Roth | $1,000.00 | .65 APY | .65 APR |
| IRA Certificates: No adds | 3 month penalty | Automatic renewal | Dividends Compound | |||
| *APR = Annual Percentage Rate | APY = Annual Percentage Yield | Rates subject to change without notice | |||
| Fees may reduce the earnings on account | Early withdrawal penalty will or may be imposed | |||
Certificate rates are subject to change on a daily basis and not all compound interest
All rates subject to change without notice as determined by the Credit Union Board of Directors