Savings
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Saving money for the future is important. Where you save your money is equally important. A Share Account at Copper Basin Federal Credit Union is your share in the ownership of the Credit Union. In addition, you are provided with an account which earns interest paid in the form of dividends without costly maintenance fees. Dividends are paid quarterly on all shares as approved by the Board of Directors based upon Credit Union Earnings.
SAVINGS RATES
| Savings/Checking Rates | ||
| Type of Account | Rate | APY* |
| Regular Shares (Savings Account) | 0.05% | 0.05% |
| Share Draft (Checking Account) | 0.03% | 0.03% |
| Christmas Club Account | 0.50% | 0.50% |
| Kids Club Savings Account | 0.05% | 0.05% |
| (Rates as of 12/31/2022) | ||
*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.
| Term Share Certificate Rates | |||
| Term | Minimum Balance | Rate | APY |
| 6 Months | $1,000 | 1.25% | 1.254% |
| 12 Months | $1,000 | 2.50% | 2.524% |
| 18 Months | $1,000 | 3.00% | 3.038% |
| 24 Months | $1,000 | 3.50% | 3.554% |
| 36 Months | $1,000 | 3.75% | 3.815% |
| 48 Months | $1,000 | 4.00% | 4.076% |
| 60 Months | $1,000 | 4.25% | 4.337% |
| (Rates as of 12/20/2022) | |||
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.
| IRA Certificate Rates | |||
| IRA Type | Minimum Balance | Rate | APY* |
| Traditional IRA – 12 month Certificate | $1,000 | 2.50% | 2.524% |
| Roth IRA – 12 month Certificate | $1,000 | 2.50% | 2.524% |
| (Rates as of 11/21/2022) | |||
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.
| Money Market Rates | |
| Minimum Deposit | APY |
| $2,500 - $99,999 | 0.50% |
| $100,000 - $249,999 | 0.75% |
| $250,000+ | 1.00% |
| (Rates as of 2/7/2023) | |
Rates apply to the entire balance, not just the amount over the tier threshold.
*The annual percentage yield (APY) is accurate as of the effective date above. Rates are subject to change at any time.
