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Savings and Checking Accounts at CFCCU
Members at Cedar Falls Community Credit Union can open an account with as little as $5 and have access to our full range of financial services.
Knowing that “small savers” hope, at some point, to become “large savers,” CFCCU welcomes members to open money market accounts with as little as $50, and share certificates can be opened with a deposit of only $1,000. (Or $100 in the case of our Special Youth Certificate).
Savings (Share) and Checking (Share Draft) Accounts
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Share Accounts |
Annual Percentage Yeilds are accurate as of the last dividend declaration date of 8/19/2008
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Account Type |
Minimum
(to earn dividend) |
Dividend Rate |
APY |
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(S1)
Share Savings |
$100 |
0.50% |
0.50% |
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(S2)
DID |
$50 |
1.00% |
1.01% |
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(S3)
Secondary Savings |
$100 |
0.75% |
0.75% |
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(S4)
Christmas Club* |
$5 |
0.75% |
0.75% |
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(S5)
IRA Shares |
$5 |
1.25% |
1.26% |
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(S7)
Share Draft |
$500 |
0.25% |
0.25% |
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(S8)
Vacation Club |
$5 |
0.75% |
0.75% |
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(S10)
Roth IRA |
$5 |
1.25% |
1.26% |
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(S11)
Share Plus
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$50-$4,999.99 |
0.75% |
0.75% |
| $5,000 - $24,999.99 |
1.00% |
1.01% |
| $25,000 & Above |
1.25% |
1.26% |
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(S21)
Super Money Market Account Tiered Account
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$50 - $24,999.99 |
1.00% |
1.01% |
| $25,000 - $49,999.99 |
2.00% |
2.02% |
| $50,000 - $99,999.99 |
2.50% |
2.53% |
$100,000
& Above* |
3.00% |
3.04% |
(S9) Youth Account
(S13) Teen Account
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$5 - $99.99 |
0.75% |
0.75% |
| $100 - $499.99 |
1.00% |
1.01% |
| $500 - $999.99 |
1.25% |
1.26% |
$1,000
& Above |
1.50% |
1.51% |
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*Important Notice:
Account Balances in excess of $100,000 (non-IRA accounts) are not insured by the National Credit Union Administration
* Special Note on Christmas Club & Vacation Club Accounts: Fees may reduce earnings on accounts
APY = Annual Percentage Yield
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Share Certificates
Rates as of 8/25/2008
Subject to Change Without Notice |
$1,000 Minimum
Penalty for Early Withdrawal |
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Term |
Dividend Rate |
APY |
| 7 Month Special |
2.87% |
2.90% |
| 10 Month Special |
3.26% |
3.30% |
| 25 Month Special |
3.75% |
3.80% |
| 37 Month Special |
4.04% |
4.10% |
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7 Month
$100,000 Minimum |
3.06% |
3.10% |
10 Month
$100,000 Minimum |
3.46% |
3.50% |
25 Month
$100,000 Minimum |
3.94% |
4.00% |
37 Month
$100,000 Minimum |
4.23% |
4.30% |
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| 3 Months |
2.28% |
2.30% |
| 6 Months |
2.58% |
2.60% |
| 12 Months |
2.58% |
2.60% |
| 24 Months |
3.16% |
3.20% |
| 30 Months |
3.26% |
3.30% |
| 36 Months |
3.46% |
3.50% |
36 Month
Step-Up Certificate * |
3.94% |
4.00% |
| 48 Months |
3.75% |
3.80% |
| 60 Months |
3.94% |
4.00% |
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| * Member can "Step-Up" the rate one time during the term of the certificate to the rate being paid at that time on regular certificates of similar term. |
Special Youth Certificate
Available ony for Members under Age 18
$100 Minimum -- Penalty for Early Withdrawal
Certificate may be added to at any time |
3 Month
Add-On Certificate |
3.11% |
3.15% |
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