Savings Rates

checking-savings

SAVINGS RATES

Saginaw County Employees Credit Union Savings Rates 

Updated as of 11/2/2017

*Rates subject to change at any time – the credit union should be contacted for the current rates.

APR = Annual Percentage Rate, APY = Annual Percentage Yield

REGULAR ACCOUNTS

ACCOUNT APR APY MINIMUM
Share Account (000)* .10% .10% $100.00*
Christmas Club (009)* .20% .20%  $100.00*
Special Club* .10% .10% $100.00* 
Goal Saver (008)*
(Restricted Withdrawals)
.10% .10%  $100.00*

*Account must have a minimum deposit of $5.00 to be opened.  $100.00 minimum represents the minimum account balance to receive a dividend.

Members that do not use any other credit union services, have no activity on their share account for 12 months, or have less than $150.00 will be charged a monthly dormant account fee of $2.00.

MONEY MANAGEMENT

Money Management ( 050 )** APR APY MINIMUM
.05% .05% Under $2,500.00
.20% .20% $2,500 – $9,999.99
.20% .20% $10,000 – $19,999.99
.25% .25% $20,000 – $49,999.99
.30% .30% $50,000 & up

**Money Management rates are subject to change at any time.

CERTIFICATES OF DEPOSIT (CD)

*Rates subject to change at any time – the credit union should be contacted for the current rates

TERM AMOUNT INVESTED APR APY
26 week (6 month) Minimum $500 0.35% 0.35%
12 month Minimum $500 0.55% 0.55%
18 month Minimum $500 0.60% 0.60%
24 month Minimum $500 0.90% 0.90%
30 month Minimum $500 0.90% 0.90%
36 month Minimum $500 1.00% 1.00%
48 month Minimum $500 1.49% 1.50%
60 month Minimum $500 1.69% 1.70%

Interest may be compounded quarterly on all CD’s.

INDIVIDUAL RETIREMENT ACCOUNTS (IRA)

*Rates subject to change at any time – the credit union should be contacted for the current rates

These are proposed dividends for the third quarter 2015 and are subject to change.

TYPE APR APY BALANCE
IRA Club – Tier 1 .20% .20% $100 – $1,999
IRA Club – Tier 2 .25% .25% $2,000 and up
Roth IRA Club – Tier 1 .20% .20% $100 – $1,999
Roth IRA Club – Tier 2 .25% .25% $2,000 and up
Education IRA – Tier 1 .20% .20% $100 – $1,999
Education IRA – Tier 2 .25% .25% $2,000 and up

IRA Certificates of Deposits

TERM APR APY MINIMUM
12 month IRA Certificate 0.55% 0.55% $500 minimum
24 month IRA Certificate 0.90% 0.90% $500 minimum
36 month IRA Certificate 1.00% 1.00% $500 minimum
48 month IRA Certificate 1.49% 1.50% $500 minimum
60 month IRA Certificate 1.69% 1.70% $500 minimum

Youth Certificates of Deposits

TERM APR APY MINIMUM
12 month IRA Certificate 1.49% 1.50% $50 minimum*

*For the Youth CD only, additional deposits can be made at any time