Deposit Rates
Effective June 1, 2013
Loan Rates | Fees | Print Deposit Rates
County Schools Federal Credit Union's deposit rates are generally lower compared to bank rates. The reason behind the lower rates is we are a not-for-profit financial cooperative, democratically operated by members, allowing account holders an equal say in how the credit union operates, plus no stockholders which means no outside interests demanding higher profits.
Checking Accounts
| Account (APR paid quarterly) | APR* | APY** |
|---|
| Simply Free Checking Account |
---- |
---- |
| Student Checking Account |
.10% |
.10% |
| Millennium Checking Account (minimum balance of $3,500) |
.10% |
.10% |
| Millennium Checking Account (minimum balance of $10,000) |
.10% |
.10% |
| Millennium Checking Account (minimum balance of $25,000) |
.10% |
.10% |
| Millennium Checking Account (minimum balance of $50,000) |
.15% |
.15% |
| Millennium Checking Account (minimum balance of $100,000) |
.25% |
.25% |
Savings Accounts
| Account (APR paid quarterly) | APR* | APY** |
|---|
| Share Savings Accounts (dividends paid on balance greater than $150) |
.10% |
.10% |
| Students Savings Account |
.10% |
.10% |
| Jr. Saver Account |
.25% |
.25% |
| Certificate Savings Account (up to a maximum balance of $1,000) |
.50% |
.50% |
| Christmas Club Savings (maximum balance of $5,000) |
.25% |
.25% |
| Summer Saver Account (maximum balance of $10,000) |
.25% |
.25% |
Share Certificates
| Certificate (APR paid monthly) | APR* | APY** |
|---|
| 90 Day Certificate (minimum balance of $1,000) |
.20% |
.20% |
| 180 Day Certificate (minimum balance of $1,000) |
.25% |
.25% |
| 1 Year Certificate (minimum balance of $1,000) |
.30% |
.30% |
| 2 Year Certificate (minimum balance of $1,000) |
.45% |
.45% |
| 90 Day Certificate (minimum balance of $10,000) |
.25% |
.25% |
| 180 Day Certificate (minimum balance of $10,000) |
.35% |
.35% |
| 1 Year Certificate (minimum balance of $10,000) |
.45% |
.45% |
| 2 Year Certificate (minimum balance of $10,000) |
.55% |
.55% |
| 3 Year Certificate (minimum balance of $10,000) |
.65% |
.65% |
| 4 Year Certificate (minimum balance of $10,000) |
.75% |
.75% |
| 5 Year Certificate (minimum balance of $10,000) |
.85% |
.85% |
| Flex Option 3-5 Year Term (minimum balance of $5,000) |
1.00% |
1.00% |
| |
|
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IRA Certificates
| Certificate (APR paid Monthly) | APR* | APY** |
|---|
| One Year Term (0-$24,999 Balance) |
.55% |
.55% |
| One Year Term ($25,000) |
.75% |
.75% |
Individual Retirement Accounts (IRA’s)
| Account (APR paid Monthly) | APR* | APY** |
|---|
| 0-$24,999 balance |
.50% |
.50% |
| $25,000 balance |
.75% |
.75% |
| $50,000 |
.90% |
.90% |
| $75,000 |
1.00% |
1.00% |
| $100,000 + |
1.15% |
1.15% |
*APR=Annual Percentage Rate
**APY=Annual Percentage Yield
- Fees may reduce earnings on applicable accounts.
- Please note that the rate for all variable deposit accounts is accurate as of the effective date listed above and that the rate on variable deposit accounts may change from time to time.
- $3,500 minimum balance required to earn interest on Millennium Checking Account, if the balance falls below $3,500 an $8.00 per month fee will apply.
- $25 minimum opening balance for Share Savings Accounts for single owner and $50 minimum opening balance for joint owners.
- $15 minimum opening balance for Student Savings Account and $5 minimum opening balance for Jr. Savers Account.
- Certificate Savings Account APY applied to first $1,000 on deposit. Shares greater than $1,000 earn .10% APY.
- Share Certificates are subject to a fee if withdrawn prior to term.
- IRA’s accounts are subject to a $20 fee.
- Please be advised rates are subject to change without notice.
