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Deposit Rates
Members First Offers many options to choose from with the most competitive rates, quality service and beneficial dividends. All savings are federally insured by the National Credit Union Administration (NCUA), a U.S. governmental agency.
- Savings Accounts
- Share Draft Checking
- Premier Business Checking
- High Yield and IRA High Yield Savings
- Super High Yield and IRA Super High Yield Savings
- Individual Retirement Accounts (IRA)
- Certificates of Deposit and IRA Certificates of Deposit
- Certificate Early Withdrawl Penalties
Rates and terms are subject to change as determined by the Board of Directors.
| Savings Accounts | |||
| Effective Date: Wednesday, February 22nd, 2012 | |||
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum Balance |
| Regular Shares * | 0.20% | 0.20% | $5.00 |
| Kid's Club* | 0.20% | 0.20% | $5.00 |
| Student Club* | 0.20% | 0.20% | $5.00 |
| Christmas Club* | 0.20% | 0.20% | N/A |
| Special Savings * | 0.20% | 0.20% | N/A |
| Rates are variable and may change after account is opened. | |||
| Share Draft Checking | |||
| Effective Date: Wednesday, February 22nd, 2012 | |||
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum Balance |
| Regular Checking ** | 0.05% | 0.05% | Initial Deposit must cover cost for first box of checks. ** |
| Senior Checking (Age 55 and older) | 0.00% | 0.00 - Free Checks! | N/A |
| Rates are variable and may change after account is opened. | |||
| Premier Business Checking | ||
| Effective Date: Wednesday, February 22nd, 2012 | ||
| Balance | Dividend Rate | Annual Percentage Yield |
| $500 - $9,999.99 | 0.10% | 0.10% |
| $10,000 - $49,999.99 | 0.20% | 0.20% |
| $50,000 - 249,999.99 | 0.25% | 0.25% |
| 250,000 and above | 0.35% | 0.35% |
| Rates are variable and may change after account is opened. | ||
| High Yield and IRA High Yield Savings | |||
| Effective Date: Wednesday, February 22nd, 2012 | |||
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum Balance |
| High Yield Savings *** | 0.25% | 0.25% | $2,500.00 |
| Rates are variable and may change after account is opened. | |||
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| Super High Yield and IRA Super High Yield Savings | ||
| Effective Date: Wednesday, February 22nd, 2012 | ||
| Balance | Dividend Rate | Annual Percentage Yield |
| $10,000.00 - $49,999.99 | 0.30% | 0.30% |
| $50,000.00 - $99,999.99 | 0.33% | 0.33% |
| $100,000.00 and higher | 0.35% | 0.35% |
| Rates are variable and may change after account is opened. | ||
| Individual Retirement Accounts (IRA) | |||
| Effective Date: Wednesday, February 22nd, 2012 | |||
| Account Type | Dividend Rate | Annual Percentage Yield | Minimum Balance |
| Individual Retirement Account * | 0.20% | 0.20% | N/A |
| Rates are variable and may change after account is opened. | |||
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| Certificates of Deposit and IRA Certificates of Deposit | |||
| Effective Date: Wednesday, February 22nd, 2012 | |||
| Terms | Interest Rate | Annual Percentage Yield | Minimum Balance |
| 6 Months†† | 0.40% | 0.40% | $1,000.00 |
| 44 Week Special† | 0.45% | 0.45% | $1,000.00 |
| 12 Months†† | 0.55% | 0.55% | $1,000.00 |
| 15 Month Special†† | 0.60% | 0.60% | $1,000.00 |
| 24 Months†† | 0.90% | 0.90% | $1,000.00 |
| 27 Months Special†† | 1.00% | 1.00% | $1,000.00 |
| 36 Months†† | 1.24% | 1.25% | $1,000.00 |
| 48 Months†† | 1.49% | 1.50% | $1,000.00 |
| 60 Months†† | 1.79% | 1.80% | $1,000.00 |
| For members 18 and under the required minimum balance on all CDs is only $100.00 | |||
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| Certificate Early Withdrawal Penalties | |
| Effective Date: Wednesday, February 22nd, 2012 | |
| Term | Penalty |
| 6 Months | Up to 30 days interest |
| 44 Weeks | All accrued interest |
| 12 Month | Up to 30 days interest |
| 15 Month | Up to 30 days interest |
| 24 Month | Up to 90 days interest |
| 27 Month | Up to 90 days interest |
| 36 Month | Up to 90 days interest |
| 48 Month | Up to 180 days interest |
| 60 Months | Up to 180 days interest |
*Dividends are calculated by the daily balance method and credited on the last day of each quarter.
** If your account balance falls below $100.00 any day during the dividend period, you will not earn any dividends for that day. Dividends are calculated by the daily balance method and credited on the last day of each month.
*** Dividends are calculated by the daily balance method and credited on the last day of each month.
† Interest is calculated by the daily balance method and credited at maturity. Fees and withdrawals of funds from this account prior to maturity will reduce earnings. See chart for penalty information.
†† Interest is calculated by the daily balance method and credited quarterly. Fees and withdrawals of funds from this account prior to maturity will reduce earnings. See chart for penalty information.
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