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THERE ARE MANY WAYS TO SAVE AT RAINBOW FCU |
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Saving money
is wonderfully easy at Rainbow Federal Credit Union
because we offer you so many different options,
including the ability to have your money deposited
directly into the savings products of your choice,
Certificates, Variable Money Market, Club
Accounts,
IRA's,
U. S. Savings Bonds,
Youth Programs.
When
you visit one of our branches, you may hear us talk
about your SHARE account . . .that's credit union
language for your SAVINGS account - but no matter what
you call it, the following savings products will add up
for you. |
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Dividend Rates on Certificates |
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RATE |
*APY |
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3
Months |
2.00% |
2.02%
APY |
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6
Months |
2.25% |
2.27%
APY |
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1
Year |
2.50% |
2.53%
APY |
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15-Month |
3.00% |
3.04% APY |
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2
Years |
2.75% |
2.79%
APY |
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3
Years |
3.00% |
3.04% APY |
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4
Years |
3.24% |
3.29% APY |
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5
Years |
3.39% |
3.44% APY |
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Variable Money
Market
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Rate |
*APY |
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$1,000.00 -
$19,999.99 |
1.75% |
1.76% APY |
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$20,000.00 -
$49,999.99 |
2.00% |
2.02% APY |
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$50,000.00
and over |
2.25% |
2.27% APY |
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Other Savings Products |
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Rate |
*APY |
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Shares (A) No
longer available |
.25% |
.25%APY |
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Shares (B) |
.50% |
.50% APY |
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Clubs |
.50% |
.50% APY |
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Share Drafts |
.25% |
.25% APY |
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IRA Variable |
1.75% |
1.76% APY |
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1
Year |
2.50% |
2.53%
APY |
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2
Years |
2.75% |
2.79%
APY |
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3
Years |
3.00% |
3.04% APY |
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4
Years |
3.24% |
3.29% APY |
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5
Years |
3.39% |
3.44% APY |
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Jumbo Certificates &
Jumbo IRA's
(Minimum $90,000.00 per certificate) |
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Rate |
*APY |
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6 Months |
2.50% |
2.53% APY |
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1 Year |
2.75% |
2.79% APY |
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2 Year |
3.00% |
3.04% APY |
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3 Year |
3.25% |
3.30%
APY |
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4 Year |
3.49% |
3.54% APY |
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5 Year |
3.64% |
3.70% APY |
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In all cases
APY refers to
*ANNUAL PERCENTAGE YIELD
$1000 minimum deposit must be made to open a Certificate. Rates
do not apply to IRA Certificates.
Penalty imposed
for early withdrawal. Interest rates effective as of
and subject
to change without notice. |
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VARIABLE MONEY MARKET CERTIFICATES: LIKE A SAVINGS
ACCOUNT WITH THE EXCEPTION THAT THE MINIMUM BALANCE IS
$1,000.00. NO PENALTY TO CLOSE EARLY SINCE THERE IS NO
MATURITY DATE. CAN DEPOSIT AND WITHDRAW ANY TIME AS LONG
AS YOU DO NOT GO BELOW THE MINIMUM BALANCE, AND IF YOU
DO, THERE IS NO PENALTY TO CLOSE. RATES
ARE TIERED WITH
THE BALANCES AND CAN CHANGE ANY TIME WITHOUT NOTICE.
DIVIDENDS ARE BASED ON DAILY BALANCES. |
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This Credit Union is Federally-insured by the National Credit
Union Administration |
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