Current Savings Rates

• The dividend rates on Share Savings are declared at the end of each quarter. Dividends are calculated by the daily balance method and paid quarterly. The Annual Percentage Yield (APY) is based on the minimum daily balance being maintained each day.
• Checking account dividends are declared and effective as of the first of the month and paid monthly. They are calculated on the average daily balance method.
• **Christmas Club dividends are declared and paid on October 1 of each year.
• ***Vacation Club dividends are declared and paid on May 31 of each year.

• The dividend rates on IRA shares are declared at the end of each quarter.
• Withdrawal from IRA Savings may result in IRS taxes and/or penalties.
• Interest is calculated on the daily balance method and paid according to the certificate term you choose. The annual percentage yield (APY) is based on the minimum daily balance being maintained each day.
• Contact Us if you want to place an investment.

• Young Savers Certificates: Members age 21 or younger - the minimum deposit is $300 instead of $1000 on ACU's regular certificates, all additional terms and conditions are the same.
• **Young Savers Regular Certificates: Rate Change Option minimum deposit = $3,000 vs. $10,000.

All funds in a “noninterest-bearing transaction account” are insured in full by the National Credit Union Administration through December 31, 2012.  This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA’s general share insurance rules.

The term “noninterest-bearing transaction account” includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend.  It does not include any transaction account that may ear interest or dividends, a negotiable order of withdrawal (“NOW”) account, money-market deposit account, and Interest on Lawyers Trust Account (“IOLTA”), even if share drafts may be drawn on the account.