Two great options for earning dividends on your savings account balance.
Earns monthly dividends based on the average daily balance in your account. Normally provides a little higher return than our Share Life Savings, but has no life insurance benefit.
Designed to be a long term, primary savings account. You earn competitive, dividends are paid monthly and benefit from an added feature called Life Savings Insurance. Very simply, this is level term, group life insurance up to a maximum of $3,000 based on deposits remaining in your share life account. A certificate explaining the key terms and conditions of this benefit are available at the Credit Union.
Accounts may be opened with individual or joint ownership, or as a custodian-for-a-minor account. There is a $1.00 membership fee and a minimum deposit of $25.00, your share of ownership in the Credit Union.
|Minimum Balance||Compounded / Paid||Annual Percentage Yield (APY)1||Alert Me|
|Daily Share||$25+||Monthly||.05%||Receive a notification when this rate changes|
|Bengal Share||$25+||Monthly||.05%||Receive a notification when this rate changes|
|Medical Savings||$25+||Monthly||.05%||Receive a notification when this rate changes|
|Christmas Club||$25+||Monthly||.05%||Receive a notification when this rate changes|
|IRA/Coverdell Savings||$25+||Monthly||0.25%||Receive a notification when this rate changes|
|Share rates effective 7/01/2017 Money Market Rates effective 3/23/2020.
The dividend rate and annual percentage yield may change at any time, as determined by the ISU Credit Union Board of Directors. A list of terms and conditions which apply to the above accounts is available at the Credit Union. Fees could reduce the earnings on the accounts. ISU Credit Union attempts to update rates immediately whenever a change occurs; however, the listed rates are not guaranteed accurate.