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Department of Corrections Credit Union



Share Rates
DEPOSIT RATES
as of 01/01/2019
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 01/01/2019
 
Type
Term
Dividend Rate
APY**
Share Certificate
6 months
1.492%
1.500%
1 year
2.231%
2.250%
2 years
2.477%
2.500%
3 years
2.624%
2.650%
4 years
2.771%
2.800%
5 years
2.967%
3.000%

Type Term Dividend Rate APY**
IRA Certificate
(Traditional or Roth
6 months 1.492% 1.500%
1 year 2.231% 2.250%
2 years 2.477% 2.500%
3 years 2.624% 2.650%
4 years 2.771% 2.800%
5 years 2.967% 3.000%

* $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