Savings Rates
| Savings/Checking Rates (Rates as of 09/30/2020) | ||
|---|---|---|
| Type of Account | Rate | APY* |
| Regular Shares (Savings Account) | 0.03% | 0.03% |
| Share Draft (Checking Account) | 0.01% | 0.01% |
| Christmas Club Account | 0.03% | 0.03% |
| *APY is Annual Percentage Yield This rate and fee schedule for all accounts sets forth certain conditions, rates, fees, and charges applicable to your accounts at the Copper Basin Federal Credit Union as of September 30, 2020. This schedule is incorporated as part of your account agreement with Copper Basin Federal Credit Union. Dividends are based on the credit union’s earnings at the end of each dividend period and cannot be guaranteed. Rates may change after an account is opened. The Dividend Rate is the projected rate set forth by the board of directors for the 3rd Quarter of 2020. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the principal in your account each day. See more on Savings Accounts and Checking Accounts. | ||
| Term Share Certificate Rates (Rates as of 06/19/2020) | |||
|---|---|---|---|
| Term | Minimum Balance | Rate | APY* |
| 6 Months | $1,000 | 0.25% | 0.25% |
| 12 Months | $1,000 | 0.50% | 0.50% |
| 18 Months | $1,000 | 0.50% | 0.50% |
| Request further information from an employee concerning the fees and terms applicable to the advertised account. *The annual percentage yield (APY) is accurate as of the effective date above. The rates and APY may change after the account is opened. A penalty [will or may] be imposed for early withdrawal. See more on Term Share Certificates. | |||
| IRA Certificate Rates (Rates as of 06/19/2020) | |||
|---|---|---|---|
| IRA Type | Minimum Balance | Rate | APY* |
| Traditional IRA – 12 month Certificate | $1,000 | 0.50% | 0.50% |
| Roth IRA – 12 month Certificate | $1,000 | 0.50% | 0.50% |
| Request further information from an employee concerning the fees and terms applicable to the advertised account. *The annual percentage yield (APY) is accurate as of the effective date above. The rates and APY may change after the account is opened. A penalty [will or may] be imposed for early withdrawal. See more on IRA Accounts. | |||
