Savings Rates

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SAVINGS RATES

Saginaw County Employees Credit UnionĀ Savings RatesĀ 

Updated as of 03/01/2023

*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)* .05% .05% $100.00*
Christmas Club (009)* .05% .05% Ā $100.00*
Special Club* .05% .05% $100.00*
Goal Saver (008)*
(Restricted Withdrawals)
.05% .05% Ā $100.00*

*Account must have a minimum deposit of $5.00 to be opened.Ā  $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
.10% .10% $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 1.15% 1.15%
12 month Minimum $500 1.50% 1.51%
18 month Minimum $500 1.60% 1.61%
24 month Minimum $500 1.70% 1.71%
30 month Minimum $500 1.80% 1.81%
36 month Minimum $500 1.90% 1.91%
48 month Minimum $500 2.00% 2.02%
60 month Minimum $500 2.10% 2.12%

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

TYPE APR APY BALANCE
IRA Club – Tier 1 .05% .05% $100 – $1,999
IRA Club – TierĀ 2 .10% .10% $2,000 and up
Roth IRA Club – Tier 1 .05% .05% $100 – $1,999
Roth IRA Club – TierĀ 2 .10% .10% $2,000 and up
Education IRA – Tier 1 .05% .05% $100 – $1,999
Education IRA – Tier 2 .10% .10% $2,000 and up

IRA Certificates of Deposits

TERM APR APY MINIMUM
12 month IRA Certificate 1.50% 1.51% $500 minimum
24Ā month IRA Certificate 1.70% 1.71% $500 minimum
36Ā month IRA Certificate 1.90% 1.91% $500 minimum
48Ā month IRA Certificate 2.00% 2.02% $500 minimum
60Ā month IRA Certificate 2.10% 2.12% $500 minimum

YouthĀ Certificates of Deposits

TERM APR APY MINIMUM
12 month Youth Certificate 1.00% 1.00% $50 minimum*

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