Current Savings Rates

Effective: OCT 16, 2017

All Rates subject to change without notice
For current rates contact us

ACCOUNT TYPE
DIVIDEND RATE
APY*
Savings Products ***
Share Savings
.25%
.25%
Checking Accounts - (dividends paid monthly)
0.00 - 499.99
0.05%
0.05%
500 - 2,499.99
0.20%
0.20%
2,500 - 24,999.99
0.35%
0.35%
25,000>
0.40%
0.40%
Certificates of Deposit $2,500.00 and over **
Six Month CD
0.75%
0.76%
One Year CD
1.20%
1.20%
Two Year CD
1.60%
1.60%
Three Year CD
1.80%
1.80%
Four Year CD
1.85%
1.85%
Five Year CD
2.00%
2.00%
Money Market Account***
2500-24,999.99
0.30%
0.30%
25,000-49,999.99
0.40%
0.40%
50,000>
0.50%
0.50%

*APY is the Annual Percentage Yield.
**Substantial Penalty for Early Withdrawal
*** Account limited to 3 preauthorized transfers & 3 other types of transfers per calender month.

How members’ dividends are calculated
Dividends are calculated by the average daily balance method, which applies a periodic rate to the average daily balance in the account for that period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. Dividends begin to accrue on the business day you deposit cash and non-cash items. Dividend rates are determined by the Board of Directors at the close of each quarter’s business and are subject to change.

Please call the credit union for the most recent posted dividend rate.


                   
“This credit union is federally insured by the National Credit Union Administration.”
Copyright 2004 San Patricio County Teachers Federal Credit Union. All Rights Reserved!