Rates current as of January 8, 2019.
| ACCOUNT TYPE | RATE | APY* |
|---|---|---|
| Share | ||
| $25.00 to $9,999.99 | 0.10% | 0.10% |
| $10,000.00 and over | 0.15% | 0.15% |
| Share Draft | 0.05% | 0.05% |
| Daily Money Manager (Variable) |
||
| $2,500.00 to $9,999.99 | 0.85% | 0.85% |
| $10,000.00 to $24,999.99 | 0.90% | 0.90% |
| $25,000.00 to $74,999.99 | 0.95% | 0.95% |
| $75,000.00 and over | 1.04% | 1.05% |
| Accumulative IRA (Variable) | ||
| up to $9,999.99 | 0.85% | 0.85% |
| $10,000.00 to $24,999.99 | 0.90% | 0.90% |
| $25,000.00 to $74,999.99 | 0.95% | 0.95% |
| $75,000.00 and over | 1.04% | 1.05% |
| Certificates |
||
| 91 Day | 0.85% | 0.85% |
| 26 Week |
1.45% |
1.45% |
| Special: 9 Month ($10,000 min. balance) |
1.75% |
1.75% |
| 1 Year | 1.69% | 1.70% |
| Special: 15 Month ($10,000 min. balance) |
2.28% |
2.30% |
| 24 to 30 Months | 2.08% | 2.10% |
| 36 Months | 2.48% | 2.50% |
*Annual Percentage Yield
EARLY REDEMPTION PENALTY ON CERTIFICATES OF DEPOSIT:
Federal Regulation D, Section 2-135, requires financial institutions to have written policies if certificate funds are withdrawn prior to their maturity. SUBSTANTIAL PENALTIES, as follows, represent the policy of Scenic Community Credit Union on certificates redeemed prior to their maturity.
1) If the certificate term is for one (1) year or less, the penalty is the forfeiture of ninety (90) days interest
2) If the certificate term is greater that one (1) year, the penalty is the forfeiture of one hundred and eighty (180) days interest
3) Except, if the certificate is withdrawn or redeemed within the first six (6) days, the forfeiture of seven (7) days interest is required, per Federal Regulation D, Section 2-135.
Each certificate upon maturity will automatically be renewed for the same period, at the rate of interest being paid by the Credit Union, on the date of renewal, unless written instructions are received by the Credit Union to do otherwise, prior to the maturity date.
