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Department of Corrections Credit Union



Share Rates
DEPOSIT RATES
as of 04/01/2014

SHARE ACCOUNTS

Share Type

Avg Daily Balance -
Minimum Required for Dividend
Dividend Rate

APY**

Regular

$20.00

0.350%

0.350%

Escrow

$20.00

0.350%

0.350%

Share Draft/Checking

$.01

0.200%

0.200%

IRA

$5.00

0.350%

0.350%

Roth IRA

$5.00

0.350%

0.350%

Christmas Club

$20.00

0.350%

0.350%

 

Share rates are anticipated each quarter, and are subject to revision by the Board of Directors.
Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period.
 
**APY = Annual Percentage Yield
 

SHARE CERTIFICATES*
as of 04/01/2014
 
Type
Term
Dividend Rate
APY**
Share Certificate
6 months
0.499%
0.50%
1 year
0.748%
0.75%
2 years
0.996%
1.00%
3 years
1.244%
1.25%
4 years
1.739%
1.75%
5 years
1.985%
2.00%

Type Term Dividend Rate APY**
IRA Certificate
(Traditional or Roth
6 months 0.499% 0.50%
1 year 0.748% 0.75%
2 years 0.996% 1.05%
3 years 1.244% 1.25%
4 years 1.739% 1.75%
5 years 1.985% 2.00%

* $500 minimum deposit
* Early Withdrawal penalty: For 6 mo and 1 year Certificate is 30 days of dividends earned or all dividends earned, whichever is least.
* Early Withdrawal penalty: For 2-5 year Certificates is 90 days dividends or all dividends earned, whichever is least.
**APY = Annual Percentage Yield