savings & investment: Dividends
Communities of Abilene Federal Credit Union uses the Daily Balance Method to compute dividends. Using this method, dividends are calculated by
applying a daily periodic rate to the balance in the account each day.
You must maintain the minimum daily balances listed to obtain the disclosed annual percentage yields (APY). A
withdrawal of principal or dividends will reduce earnings. Fees may reduce account earnings.
Your savings are Federally insured to $250,000 by the National Credit Union Administration, a U.S. Government Agency. Individual Retirement Accounts (IRAs) are federally insured up to $250,000.
Dividend Rates as of Jan. 31, 2012
| Checking Accounts |
Rate
|
APY |
Declared & Paid
|
Big Country Checking
No minimum balance required to earn dividends |
0.75%
|
0.75%
|
Monthly
|
Regular Draft Checking
|
0.00%
|
0.00%
|
Monthly
|
 |
| Savings Accounts |
Rate
|
APY
|
Declared & Paid
|
Regular Share
$25 minimum |
0.35%
|
0.35%
|
Quarterly
(Jan, Apr, July, Oct)
|
Royal Stash
$25 minimum |
0.35%
|
0.35%
|
Quarterly
(Jan, Apr, July, Oct)
|
Holiday Club
$1 minimum |
1.00%
|
1.00%
|
Annually
(Nov 1st)
|
America Saves
No minimum requirement |
0.65%
|
0.65%
|
Quarterly
(Jan, Apr, July, Oct)
|
|
| Money Market Accounts |
Rate
|
APY
|
Declared & Paid
|
| $2,500 - $24,999.99 |
0.35%
|
0.35%
|
Weekly
(Tuesday)
|
| $25,000 - $49.999.99 |
0.40%
|
0.40%
|
Weekly
(Tuesday)
|
| $50,000 - $99,999.99 |
0.45%
|
0.45%
|
Weekly
(Tuesday)
|
| $100,000.00+ |
0.50%
|
0.50%
|
Weekly
(Tuesday) |
|
| Individual Retirement Account (IRA) |
Rate
|
APY
|
Declared & Paid
|
| $ 1.00 - $24,999.99 |
0.80%
|
0.80%
|
Monthly
|
| $25,000 - $49.999.99 |
0.90%
|
0.90%
|
Monthly
|
| $50,000 - $99,999.99 |
1.00% |
1.00%
|
Monthly
|
| $100,000.00+ |
1.10% |
1.11%
|
Monthly
|
|
| Term Share & IRA Certificates |
Rate
|
APY
|
Declared
|
| $500 minimum and maintained balance to earn dividends. All paid monthly. A penalty may be imposed for withdrawals before maturity. |
| 3 Month Term |
0.40%
|
0.40%
|
Weekly
(Tuesday)
|
| 6 Month Term |
0.50%
|
0.50%
|
Weekly
(Tuesday)
|
| 12 Month Term |
0.60%
|
0.60%
|
Weekly
(Tuesday)
|
| 18 Month Term |
0.70%
|
0.70%
|
Weekly
(Tuesday)
|
24 Month Term PLUS
One-time rate bump up option |
0.80%
|
0.80%
|
Weekly
(Tuesday)
|
| 36 Month Term |
1.05%
|
1.06%
|
Weekly
(Tuesday)
|
| 48 Month Term |
1.30%
|
1.31%
|
Weekly
(Tuesday)
|
| 60 Month Term |
1.55%
|
1.56%
|
Weekly
(Tuesday)
|
Dividends are paid from current income and available earnings, after required transfers to reserves at the end
of a dividend period and are not guaranteed. Dividends are determined at the discretion of the Credit Union
and may change at any time.
