Savings Rates
| Savings Rates | ||||
| Effective Date: Saturday, December 14th, 2019 | ||||
| Share Type | Minimum | Dividend Rate | APY* | Compounded |
| Savings (1) (share 01-share 25) |
$5.00** | 0.05% | 0.05% | Quarterly |
| Money Market (share 85) |
$2,500 | 0.25% | 0.25% | Monthly |
| Premium Money Market (share 86) |
$25,000-$49,999 | 0.50% | 0.50% | Monthly |
| Premium Money Market (share 86) |
$50,000-$99,999 | 0.60% | 0.60% | Monthly |
| Premium Money Market (share 86) | $100,000 and over | 0.75% | 0.75% | Monthly |
| IRA Share (1) (share 70) |
$5.00 | 0.05% | 0.05% | Quarterly |
| IRA Roth / Educational (share 75-77) |
$5.00 | 0.10% | 0.10% | Quarterly |
| Holiday Savings (Share 99) |
$5.00 | 0.05% | 0.05% | Annually |
| Alliance Checking Plus | $5.00 - $2,499 | 0.00% | 0.00% | Monthly |
| $2,500 - $14,999 | 0.05% | 0.05% | Monthly | |
| $15,000 | 0.10% | 0.10% | Monthly | |
| Business Interest Checking | Less than $3,500 | No Interest Paid | ||
| $3,500 - $9,999 | 0.10% | 0.10% | Monthly | |
| $10,000 | 0.20% | 0.20% | 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 shown is for the previous quarter. 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: Saturday, December 14th, 2019 | ||||
| Certificate Type | Minimum | Rate | APY* | Compounded |
| 99 Day Special | $500 | 1.98% | 2.00% | Monthly |
| Must be new money. A penalty is imposed for early withdrawals and may reduce earnings. Converts to a 6 month certificate at maturity. Offer may be revoked at any time. Call for maximum amount. | ||||
| 6 Month (Regular & IRA) |
$500 | 0.60% | 0.60% | Anniversary |
| 7 Month Special | $500 | 2.13% | 2.15% | Monthly |
| Must be new money. A penalty is imposed for early withdrawals and may reduce earnings. Converts to a 6 month certificate at maturity. Offer may be revoked at any time. Call for maximum amount. | ||||
| 1 Year (Regular & IRA) |
$500 | 1.00% | 1.00% | Monthly |
| 1 Year - Save to Win-Special (Regular) | $25 | 0.50% | 0.50% | Monthly |
| 13 Month Special | $500 | 2.23% | 2.25% | Monthly |
| Must be new money. A penalty is imposed for early withdrawals and may reduce earnings. Converts to a 1 year certificate at maturity. Offer may be revoked at any time. Call for maximum amount. | ||||
| 18 Month (Regular & IRA) |
$500 | 1.09% | 1.10% | Monthly |
| 2 Year (Regular & IRA) |
$500 | 1.34% | 1.35% | Monthly |
| 3 Year (Regular & IRA) |
$500 | 1.59% | 1.60% | Monthly |
| 5 Year (Regular & IRA) |
$500 | 1.98% | 2.00% | Monthly |
| A penalty is imposed for early withdrawals on Certificates of Deposit. Fees may reduce earnings. | ||||
| Penalty Calculation: Withdrawal amount - (Interest Earned from opening date - Interest withdrawn from opening date) *180* (Interest Rate/365) | ||||