Rates

APY = Annual Percentage Yield

Rates effective as of 09/08/2014.

Fees may reduce earnings.

Kasasa Cash*

BalanceMinimum Deposit To OpenDividend RateAPY
Balances up to $25,000$502.00%2.00%
Balances over $25,000$500.50%2.00% to 0.80%
All balances if qualifications not met$500.05%0.05%

Qualifications

To earn your rewards, simply do the following activities and transactions in your Kasasa Cash account each monthly qualification cycle:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled in e-Statements
  • Be enrolled and log into online banking or mobile banking a minimum of one time

Kasasa Saver*

BalanceMinimum Deposit To OpenDividend Rate APY
$0 to $50,000$251.00%1.00%
$50,000 +$250.50%1.00% to 0.67%
All balances if qualifications not met$250.05%0.05%

Qualifications

Qualifying for the Kasasa Cash or Kasasa Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate too. To earn your rewards, simply do the following activities and transactions in your Kasasa Cash or Kasasa Cash Back account each monthly qualification cycle:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled in e-Statements
  • Be enrolled and log into online banking or mobile banking a minimum of one time

IRAs & Certificate Accounts

CertificatesIRA Certificates
Minimum Opening Amount$500$500
Dividends CompoundedMonthlyMonthly
Dividends CreditedMonthlyMonthly
Dividend PeriodMonthlyMonthly
Interest Rate TypeFixedFixed
Transaction Limitations
Additional DepositNot AllowedNot Allowed
Dividend WithdrawalAllowedAllowed
RenewableAutomaticAutomatic
TermDividend RateAnnual Percentage YieldDividend RateAnnual Percentage Yield
6 Months0.25%0.25%N/AN/A
12 Months0.35%0.35%0.35%0.35%
18 Months0.40%0.40%0.40%0.40%
24 Months0.60%0.60%0.60%0.60%
36 Months0.75%0.75%0.75%0.75%
48 Months1.00%1.00%1.00%1.00%
60 Months1.50%1.50%1.50%1.50%

Except as specifically described, the following disclosures apply to all of the above accounts.

  • Rate Information – The Dividend Rate and Annual Percentage Yield on your accounts, as of the last dividend declaration date, are set forth above. The Annual Percentage Yield 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 the term of the account. The Annual Percentage Yield is based on the assumption that dividends will remain on deposit until maturity. A withdrawal will reduce earnings.
  • Nature of Dividends - Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period.
  • Compounding and Crediting – Dividends will be compounded and credited as set forth above. The dividend Period for each account is set forth above. The dividend Period begins on the first calendar day of each month and ends on the last calendar day of each month.
  • Balance Information – The minimum balance required to open each account is set forth above. Dividends and minimum balances are calculated using the Average Daily Balance method. The Average Daily Balance is determined by using the full amount of principal in the account for each day of the period and dividing that figure by the number of days in that period.
  • Accrual of Dividends – Dividends will begin to accrue on cash and non-cash deposits (e.g. checks) on the business day you make the deposit to your account.
  • Transaction Limitations – After your account is opened, you may not add funds to your account, but may make withdrawals of dividends from your account in any amount as indicated.
  • Maturity – Your account will mature within the term set forth above or the maturity date set forth on your Certificate of Maturity Notice. The Credit Union will give the owner(s) at least 21 days' notice prior to maturity.
  • Fixed Rate Accounts – The rate and yield will remain in effect for the entire term of the account.

Early Withdrawal Penalty – We may impose a substantial penalty if you withdraw any of the principal before the renewal date.

Amount of Penalty – For Certificates and IRA Certificates, the amount of the early withdrawal penalty of your account is an amount equal to 365 days dividends whether earned or not.

How the Penalty Works – The penalty is calculated as a forfeiture of part of the dividends that have been or would have been earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal.

Exceptions to Early Withdrawal Penalties – At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: when an account owner dies, where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after establishment, if withdrawal occurs within ten (10) days of Automatic Renewal date.

Renewal Policy – Your account is an automatically renewable account.

Nontransferable/Nonnegotiable - Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure an obligation of owner, except obligations with the Credit Union.

Deposit Accounts

Share Account †

Rates and Terms

Dividend Rate0.10%0.10%0.10%0.10%
Annual Percentage Yield0.10%0.10%0.10%0.10%
Dividends CompoundedMonthlyMonthlyMonthlyMonthly
Dividends CreditedMonthlyMonthlyMonthlyMonthly
Minimum Opening Balance$25$25$25$25
Average Daily Balance$0.00 to $500.00$500.01 to $1,500.00$1,500.01 to $2,500.00$2,500.01 and over
Balance MethodAverage DailyAverage DailyAverage DailyAverage Daily
† Penalty for early withdrawal. The penalty is equal to 90 days of dividend earnings.
Money Market

Account Rates and Terms

Dividend Rate0.00%0.15%0.25%0.25%
Annual Percentage Yield0.00%0.15%0.25%0.25%
Dividends CompoundedMonthlyMonthlyMonthlyMonthly
Dividends CreditedMonthlyMonthlyMonthlyMonthly
Minimum Opening Balance$2,000$2,000$2,000$2,000
Average Daily Balance$0.00 to $2,500.00$2,500.01 to $25,000.00$25,000.01 to $75,000.00$75,000.01 and over
Balance MethodAverage DailyAverage DailyAverage DailyAverage Daily
Health Savings

Account Rates and Terms

Dividend Rate0.00%0.10%0.10%0.10%
Annual Percentage Yield0.00%0.10%0.10%0.10%
Dividends CompoundedMonthlyMonthlyMonthlyMonthly
Dividends CreditedMonthlyMonthlyMonthlyMonthly
Minimum Opening Balance$0$0$0$0
Average Daily Balance$0.00 to $500.00$500.01 to $2,500.00$2,500.01 to $10,000.00$10,000.01 and over
Balance MethodAverage DailyAverage DailyAverage DailyAverage Daily
Account Rates and TermsMember Free CheckingClubIRA Club
Dividend RateN/A0.10%0.10%
Annual Percentage YieldN/A0.10%0.10%
Dividends CompoundedN/AMonthlyMonthly
Dividends CreditedN/AMonthlyMonthly
Minimum Opening BalanceN/AN/AN/A
Average Daily BalanceN/AN/AN/A
Balance MethodN/AAverage DailyAverage Daily

Except as specifically described, the following disclosures apply to all of the above accounts.

  • Rate Information – The Dividend Rate and Annual Percentage Yield on your accounts, as of the last Dividend Declaration Date, are set forth above. The Annual Percentage Yield 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 a 365 day period. Except for Money Market Accounts, the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union's Board of Directors. The Dividend Rate and Annual Percentage Yield for Money Market Accounts may change at any time as determined by the Credit Union's Board of Directors.
  • Nature of Dividends ‐ Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period.
  • Compounding and Crediting – Dividends will be compounded and credited as set forth above. The Dividend Period for each account is set forth above. The Dividend Period begins on the twenty‐sixth calendar day of each month and ends on the twenty‐fifth calendar day of the month. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
  • Accrual of Dividends – Dividends will begin to accrue on cash and non‐cash deposits (e.g. checks) on the business day you make the deposit to your account.
  • Account Limitations –The account limitations for each account are set forth above.

For a Share Savings account in which transfer limitations apply, no more than six (6) preauthorized, automatic or telephone transfers may be made from these accounts to another of yours or to those of a third party in any month, and no more than three (3) of these six (6) transfers may be made by check, draft, or debit card to a third party. If you exceed these limitations, your account may be subject to a fee or be closed.

For a Money Market Account, withdrawals must be a minimum of $500, limited to six per month; no automatic transfers of loan advances allowed; minimum balance of $2,000 required to obtain the disclosed Annual Percentage Yield; no dividends will be paid if the average daily balance falls below $2,000; and Money Market Accounts are subject to account service fees as listed in our account service fee schedule including Share Draft (checking) accounts.