Term Certificates | Money Market Savings | Other Savings | Business Checking | Important Info for Business Accounts | Business Services Fees
Effective: November 20, 2024
| Term | APY* (%) | Dividend Rate (%) | Minimum Balance^ |
|---|---|---|---|
| 6-month paid monthly | 5.00 | 4.88 | $2,000 |
| 1-year paid monthly | 2.00 | 1.98 | $500 |
| 13-month paid monthly | 4.75 | 4.64 | $10,000 |
| 18-month paid monthly | 2.26 | 2.23 | $500 |
| 2-year paid monthly | 2.50 | 2.47 | $500 |
| 25-month paid monthly | 3.75 | 3.68 | $10,000 |
| 30-month paid monthly | 2.75 | 2.71 | $500 |
| 3-year paid monthly | 3.25 | 3.20 | $500 |
| 4-year paid monthly | 3.00 | 2.96 | $500 |
| 5-year paid monthly | 3.00 | 2.96 | $500 |
| 6-year paid monthly | 3.00 | 2.96 | $500 |
*APY = Annual Percentage Yield. APY is based on the assumption that dividends will remain on deposit until maturity. Premature withdrawals will reduce earnings. Fees can reduce earnings on the account. APY is accurate as of the effective date listed above.
^Minimum balance is required to open and maintain the account and earn the APY.
Must have at least one ownership share on deposit in a Membership Savings account to open additional products.
Effective: November 20, 2024
| Balance | APY* (%) | Dividend Rate (%) |
|---|---|---|
| $0.01 - $999.99 | 0.60 | 0.60 |
| $1,000 - $9,999.99 | 0.60 | 0.60 |
| $10,000 - $24,999.99 | 1.50 | 1.49 |
| $25,000 - $49,999.99 | 2.00 | 1.98 |
| $50,000 - $74,999.99 | 2.50 | 2.47 |
| $75,000 - $249,999.99 | 3.00 | 2.96 |
| $250,000 and over | 3.50 | 3.45 |
*APY = Annual Percentage Yield. APY is accurate as of last dividend declaration date.
No minimum balance required to open a Money Market Savings account.
$1,000 minimum balance required to avoid paying a $10 monthly service charge.
$0.01 minimum balance is required to earn the APY.
Fees can reduce earnings on accounts.
Effective: November 20, 2024
| Type | APY* (%) | Dividend Rate (%) |
|---|---|---|
| Membership, Savings | 0.40 | 0.40 |
*APY = Annual Percentage Yield. APY is accurate as of last dividend declaration date.
$5 minimum balance required to open and maintain a savings account.
$0.01 minimum balance required to earn the APY.
Fees can reduce earnings on accounts.
Effective: November 20, 2024
| Balance | APY* (%) | Dividend Rate (%) |
|---|---|---|
| $0.01 - $999.99 | 0.00 | 0.00 |
| $1,000 - $9,999.99 | 0.20 | 0.20 |
| $10,000 - $24,999.99 | 0.20 | 0.20 |
| $25,000 and over | 0.20 | 0.20 |
*APY = Annual Percentage Yield. APY is accurate as of last dividend declaration date.
No minimum balance required to open a BusinessPLUS and BusinessANALYSIS Checking.
$1,000 minimum balance required to earn dividends on BusinessPLUS and BusinessANALYSIS Checking.
Fees can reduce earnings on accounts.
Terms and conditions subject to change without notice.
Dividend Rate Changes
Rates can vary after the account is opened for any savings or checking account.
Certificates—rates in effect at purchase are consistent through maturity
Early withdrawal penalties on certificates:
Terms of 1 year or less, the penalty is 90 days' dividends or all dividends earned, whichever is less.
Terms greater than 1 year, the penalty is 180 days' dividends or all dividends earned, whichever is less.
Dividends begin to accrue on the business day you deposit cash and checks.
Dividends are based on the IU Credit Union's earnings and cannot be guaranteed. They are calculated by the daily balance method, which applies a daily periodic rate to the principal in the account each day.
Compounding Method:
Savings—compounded monthly, paid monthly.
Certificates—compounded daily, paid monthly.
The Credit Union reserves the right to require you to give notice in writing of any intended withdrawals from any account of not less than 7 days and up to 60 days in accordance with applicable law before such withdrawal.
