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Frequently Asked Questions


Deposit Account Rates

Rates are subject to change without notice, and are updated on this page regularly. If you have any questions about current rates, please call (831) 425-7708 or visit one of our offices.

For new money1 deposits, receive a one-time 0.25% rate increase at the time of deposit if your account is opened with exclusively new money.

Dividend Declaration Date: 08/24/2006

Savings Accounts Opening Balance Interest Rate APY*
Money Market $50,000 + 0.95% 0.95%
  $10,000 - $49,999 0.80% 0.80%
  $2,500 - $9,999 0.65% 0.65%
Regular Savings $25 0.30% 0.30%
IDA Savings $50 0.30% 0.30%
*APY = Annual Percentage Yield

Date: 03/20/2008

Account Name Term Opening Balance Interest Rate APY*
IRAs (Individual Retirement Accounts) 12 Months $50,000 1.74% 1.75%
  48 Months $50,000 2.08% 2.10%
  60 Months $50,000 2.33% 2.35%
  12 Months $10,000 1.74% 1.75%
  48 Months $10,000 1.98% 2.00%
  60 Months $10,000 2.23% 2.25%
  12 Months $2,500 1.64% 1.65%
  48 Months $2,500 1.88% 1.90%
  60 Months $2,500 1.98% 2.00%
  12 Months $1,000 1.49% 1.50%
  36 Months (Bump**) $1,000 1.64% 1.65%
  48 Months $1,000 1.74% 1.75%
  60 Months $1,000 1.74% 1.75%
  6 Months $100 0.95% 0.95%
  12 Months $100 1.09% 1.10%
  18 Months $100 1.09% 1.10%
  24 Months $100 1.29% 1.30%
*APY = Annual Percentage Yield
1 - New money is money that is (1) not already on deposit at SCCCU, and (2)cannot be traced, directly or indirectly back to your SCCCU accounts within the last 120 days. Funds on deposit at SCCCU cannot be withdrawn and re-deposited to be considered new money. A 1-day grace period for new money applies (money deposited into another SCCCU account within 10 days prior to selecting a certificate will be considered new money).
2 - Partnership Account Features: all dividends earned on account are donated to a participating member non-profit of your choice. Receive a one-time 0.25% rate increase at time of deposit if a partnership and regular certificate account are opened at the same time. The 0.25% rate increase offer is not valid with any other special rate bonus the Credit Union is currently offering.
3 - Withdrawals/deposits may be made at any time, in amounts of $500 or more. Deposits do not extend the term of the account. Because the APY calculation assumes all interest earned will remain on deposit until maturity, any withdrawal will reduce earnings. Minimum $10,000 balance. If a withdrawal brings the balance below $10,000, the account must be closed and an early withdrawal penalty will be imposed. Personal funds only; maximum balance $250,000 per household.
**Bump Type: Rate may be changed once at member request during the term of the certificate to our current rate (for new certificates for the same term) effective on the day the member makes the request.

There is an early withdrawal penalty on Share Certificate and IRA accounts.
Member accounts are insured by the National Credit Union Administration up to $100,000.


Santa Cruz: 324 Front Street    (831) 425-7708    Watsonville: 1428 Freedom Blvd
Privacy Policy © Copyright 2003, The Santa Cruz Community Credit Union. All Rights Reserved. Savings federally insured to $100,000 - National Credit Union Administration, a US Government Agency