Last Dividend Declaration Date: 06/30/23 *The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. The Dividend Rates and Annual Percentage Yields may change quarterly as determined by the Credit Union’s Board of Directors. The Dividend Rates and Annual Percentage Yields are the rates and yields as of the last dividend declaration date which is set forth in this Rate Schedule. Please contact any branch office for further information concerning our Truth-In-Savings Disclosure.
CERTIFICATES OF DEPOSIT
Term
Minimum Opening Deposit
Interest Rate
APY*
3 Month
$500.00
0.15%
0.15%
6 Month
$500.00
5.04%
5.10%
12 Month
$500.00
5.01%
5.10%
18 Month
$500.00
3.50%
3.55%
24 Month
$500.00
3.00%
3.03%
30 Month
$500.00
2.50%
2.52%
42 Month
$500.00
0.65%
0.65%
Effective Date: 09/21/23 through 09/27/23. Stated Interest Rates and APYs for terms of 12 months through 42 months are applicable to IRA Certificates of Deposit as well.
*The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of interest to be paid on an account based on the interest rate and frequency of compounding for an annual period. For all accounts, the Interest Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. The Annual Percentage Yield is based on an assumption that interest will remain on deposit until maturity. A withdrawal of interest will reduce earnings. Please contact any branch office for further information concerning our Truth-In-Savings Disclosure.
A Roth IRA is an individual retirement arrangement that allows you to make after-tax (nondeductible) contributions with the potential to take completely tax-free deductions.
You can withdraw the money anytime, subject to income tax. An IRS penalty tax also may apply unless you are age 59.5 or older. If you are age 73 or older, you must withdraw a required minimum amount each year to avoid penalty taxes.
You can withdraw the money from your Roth IRA anytime.
Depending on when you take the money out and what type of Roth IRA assets (contributions, conversion or rollover amounts, or earnings) are included in the distribution, you may be subject to income tax and an IRS penalty tax. But if you have a "qualified distribution" all assets are tax and penalty free.
