Savings Rates

 

Type Features Dividend Rate APY
>Share Certificates* $500.00 Minimum Deposit
6 Months 0.50% 0.50%
12 Months 0.60% 0.60%
24 Months 0.80% 0.80%
36 Months 0.90% 0.90%
60 Months 1.15% 1.16%
Money Market Checking** $1000.00 Minimum
Limit of 3 Withdrawals or transfers per month
Minimum withdrawal or transfer amount of $200.00
0.30% 0.30%
IRA Certificates* $1000.00 Minimum Deposit
6 Months 0.50% 0.50%
12 Months 0.60% 0.60%
24 Months 0.80% 0.80%
36 Months 0.90% 0.90%
60 Months 1.15% 1.16%
IRA Passbook*** $25.00 – $4999.99 0.10% 0.10%
$5000.00 and greater 0.15% 0.15%
Share Accounts****
(includes Sub, Holiday, & Vacation Accounts)
$5.00 – $49.99 0.00%
$50.00 – $499.99 0.05% 0.05%
$500 and greater 0.05% 0.05%

* = Effective 7/16/2019, Declared  7/16/2019.  A penalty may be imposed if you withdraw any of the principal before the maturity date, which could reduce earnings. For all accounts, the amount of early withdrawal penalty for your account is 90 days dividends. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal.

** = Effective 02/01/2018, Declared 01/25/2018. Rate may change after account opening. Minimum deposit to open account is $1,000.00. Fees could reduce earnings.

*** = Effective 12/01/2012, Declared 11/14/2012. Rate may change after account opening. Minimum deposit to open account is $25.00. Fees could reduce earnings.

**** = Effective 4/01/2012, Declared 5/23/2012.  Rate may change after account opening. Minimum deposit to open account is $5.00.

APR = Annual Percentage Rate

APY = Annual Percentage Yield

Rates are subject to change at any time. Disclosures are available upon request.

Effective 11/1/2011, CIFCU will offer Golden Club members a .05 incentive for 6 month,  a .10 incentive for 12, and 24 month, and a .15 incentive for 36 and 60 month term certificates.