| Savings Rates | ||||
| Effective Date: Friday, July 30th, 2010 | ||||
| Share Type | Minimum | Dividend Rate | APY* | Compounded |
Savings (1) |
$5.00** | 0.150% | 0.150% | Quarterly |
| Money Market (share 85) |
$2,500 | 0.200% | 0.200% | Monthly |
| Premium Money Market (share 86) |
$25,000-$49,999 | 0.399% | 0.400% | Monthly |
| Premium Money Market (share 86) |
$50,000-$99,999 | 0.747% | 0.750% | Monthly |
| Premium Money Market (share 86) | $100,000 and over | 0.995% | 1.000% | Monthly |
IRA Share (1) |
$5.00 | 0.150% | 0.150% | Quarterly |
IRA Roth/Educational |
$5.00 | 0.150% | 0.150% | Quarterly |
| Holiday Savings (Share 99) |
$5.00 | 0.150% | 0.150% | Quarterly |
| Interest Checking | $5.00 - $2,499 | 0.050% | 0.050% | Monthly |
| $2,500 - $14,999 | 0.100% | 0.100% | Monthly | |
| $15,000 | 0.250% | 0.250% | Monthly | |
| Business Interest Checking | Less than $3,500 | No Interest Paid | ||
| $3,500 - $9,999 | 0.100% | 0.100% | Monthly | |
| $10,000 | 0.200% | 0.200% | Monthly | |
(*) APY (annual percentage yield) means a percentage rate reflecting the total amount of dividends or interest paid on an account, based on the dividend or interest rate and the frequency of compounding for a 365 day period. Fees may reduce earnings. Minimum balance may be required on some accounts to earn dividends. Rates may change after account is open. | ||||
**The primary share account (share 01) must maintain a minimum balance of $5.00. | ||||
(1) Dividend listed is for 4th quarter of 2009. Community Alliance Credit Union's Board of Directors determines the dividend rate paid on share accounts each calendar quarter based on the earnings of the Credit Union. These dividends are calculated based on the daily balance and paid on the first day of the following quarter. | ||||
| Certificate of Deposit Rates | ||||
| Effective Date: Friday, July 30th, 2010 | ||||
| Certificate Type | Minimum | Rate | APY* | Compounded |
| 6 Month (regular, IRA, educational, Roth) |
$500 | 0.300% | 0.300% | Anniversary |
| 1 Year (regular, IRA, educational, Roth) |
$500 | 0.598% | 0.600% | Monthly |
13 Month SPECIAL* |
$10,000 | 1.296% | 1.300% | Monthly |
| 18 Month (regular, IRA, educational, Roth) |
$500 | 0.698% | 0.700% | Monthly |
| 2 Year (regular, IRA, educational, Roth) |
$500 | 0.995% | 1.000% | Monthly |
| 3 Year (regular, IRA, educational, Roth) |
$500 | 1.292% | 1.300% | Monthly |
| 5 Year (regular, IRA, educational, Roth) |
$500 | 1.735% | 1.750% | Monthly |
With an Interest Checking account you are eligible to receive a 1/4% rate bonus on any regularly priced certificate. Use Show Your Card and Save and receive a 1/4% bonus on any certificate of 2 years or more. Rate bonuses may not be combined. | ||||
A penalty is imposed for early withdrawals on Certificates of Deposit. Fees may reduce earnings. | ||||
*Upon maturity, the entire balance will automatically transfer to a 12 Month Certificate of Deposit at the current rate for that certificate type. You may elect not to renew the Certificate and have it transfer to a regular or share draft checking account if you desire. | ||||
Savings & Checking
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