Term Certificates | Money Market Savings | Other Savings | Money Market Checking | Platinum Checking
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. Early withdrawals will reduce earnings. Fees can reduce earnings on the account. Early withdrawal penalties may apply. 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.
Individual Retirement Account (IRA) and Coverdell ESA certificates are available for purchase for terms from six months to six years at the same rates above. Early withdrawal penalties may apply on IRA and Coverdell accounts.
**Please scroll to the end of this page for Important Rate & Yield Information.
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.
**Please scroll to the end of this page for Important Rate & Yield Information.
Effective: November 20, 2024
| Type | APY* (%) | Dividend Rate (%) |
|---|---|---|
| Membership, Savings | 0.40 | 0.40 |
| IRA Savings | 0.50 | 0.50 |
| Coverdell ESA | 0.50 | 0.50 |
*APY = Annual Percentage Yield. APY is accurate as of last dividend declaration date. Fees could reduce the earnings on accounts.
$5 minimum balance required to open and maintain a membership savings account. No minimum balance required to open and maintain other types of savings accounts.
$0.01 minimum balance required to earn the APY.
Early withdrawal penalties may apply on IRA and Coverdell accounts.
**Please scroll to the end of this page for Important Rate & Yield Information.
Effective: November 20, 2024
| Balance | APY* (%) | Dividend Rate (%) |
|---|---|---|
| $0.01 - $999.99 | 0.25 | 0.25 |
| $1,000 and over | 0.25 | 0.25 |
*APY = Annual Percentage Yield. APY is accurate as of last dividend declaration date.
No minimum balance required to open a Money Market Checking 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.
**Please scroll to the end of this page for Important Rate & Yield Information.
Effective: November 20, 2024
| Balance | APY* (%) | Dividend Rate (%) |
|---|---|---|
| $0.01 - $9,999.99 | 0.25 | 0.25 |
| $10,000 - $24,999.99 | 0.30 | 0.30 |
| $25,000 - $49,999.99 | 0.35 | 0.35 |
| $50,000 and over | 0.40 | 0.40 |
*APY = Annual Percentage Yield. APY is accurate as of last dividend declaration date.
No minimum balance required to open a Platinum Checking account.
$10,000 minimum balance required to avoid paying a $20 monthly service charge.
$0.01 minimum balance is required to earn the APY.
Fees can reduce earnings on accounts.
**Please scroll to the end of this page for Important Rate & Yield Information.
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, checks and other noncash items.
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.
Shared Branching:
Cash back on all transactions may be limited to $1,000 per member, per day. All checks presented for deposit with cash back will be processed based on the balance of available funds in the account prior to the transaction.
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.
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Give us a call at 812-855-7823 or toll-free 888-855-6928.
