Rates - Certificates and IRAs
APY ACCURATE AS OF: May 1, 2013
| Certificates and IRAs | Minimum to open | APY* Add .10 if over $100,000. Add .20 if over $250,000. |
|---|---|---|
| 3 to 6 month | $500/$100 | 0.35 |
| 7 to 12 month | $500/$100 | 0.70 |
| 13 to 24 month | $500/$100 | 0.90 |
| 25 to 36 month | $500/$100 | 1.10 |
| 37 to 48 month | $500/$100 | 1.40 |
| 49 to 60 month | $500/$100 | 1.60 |
| 50 Month Special | $1000 | 1.75 (1.85% for amounts greater than $100,000. 1.95% for amounts greater than $250,000.) |
| Young Investor CD | $100 | 0.70 |
| Certificates of $100,000 or more add .10%. $250,000 or more add .20% | ||
APY = Annual Percentage Yield
Insured by NCUA up to $250,000
Share accounts are insured up to $250,000 by the NCUA. Depending on account ownership structure coverage may be greater.
Best Rate Guarantee
If you find a better advertised yield on a CD or IRA at a financial institution based in the 42 counties we serve, the UICCU will beat it. Guarantee available for a limited time only. Applies only to CDs or IRAs with comparable terms and conditions. Does not apply in those cases where the credit union does not offer a comparable product. Not available to public organizations or other financial institutions. Maximums apply. Participating members must have and maintain an active checking account relationship with the UICCU. Active is defined as an average of 12 transactions per month or an average of one automated electronic deposit (direct deposit) per month.
Jumbo Certificates
Certificates with a balance of at least $100,000 receive a bonus of 0.10 to the Annual Percentage Yield. Certificates with a balance of at least $250,000 receive a bonus of 0.20 to the Annual Percentage Yield.
Certificates
Minimum deposit of $500 required. Penalty for early withdrawal. 3-6 month dividends compounded at maturity, all other terms compounded quarterly.
IRAs
Traditional, Roth, and SEP IRAs, and Coverdell ESAs. $100 minimum. Penalty for early withdrawal.
Young Investor Certificate
The Young Investor Certificate is designed specifically for our members younger than 18 years of age. It is a 12 month fixed rate certificate of deposit that allows additional deposits of at least $25 at any time during the term. Minimum to open is only $100 and it earns a competitive rate!
