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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.

Dividend Declaration Date: 09/16/2009

Savings Accounts Opening Balance Interest Rate APY*
Money Market $50,000 + 0.15% 0.15%
  $10,000 - $49,999 0.10% 0.10%
  $2,500 - $9,999 0.05% 0.05%
Regular Savings $25 0.10% 0.10%
IDA Savings $50 0.10% 0.10%
*APY = Annual Percentage Yield

Date: 09/16/2009

Account Name Term Opening Balance Interest Rate APY*
IRAs (Individual Retirement Accounts) 12 Months $10,000 0.70% 0.70%
  48 Months $10,000 2.13% 2.15%
  60 Months $10,000 2.42% 2.45%
  12 Months $1,000 0.55% 0.55%
  36 Months (Bump**) $1,000 1.39% 1.40%
  48 Months $1,000 1.34% 1.35%
  60 Months $1,000 1.59% 1.60%
IRAs (Individual Retirement Accounts)+ 6 Months $100 0.15% 0.15%
  12 Months $100 0.25% 0.25%
  18 Months $100 0.35% 0.35%
  24 Months $100 0.45% 0.45%
*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 Funds on deposit at SCCCU cannot be withdrawn and re-deposited to be considered new money.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.
4 - New money only. .25% rate increase when you open new checking account with direct deposit. See footnote 1 above for more details on new money requirement.
**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.
+For new money1 IRA deposits, receive a one-time 0.25% rate increase at the time of deposit if your account is opened with exclusively new money.

For all accounts except Certificate accounts, dividends are paid from current and available earnings, after required transfers to reserves at the end of the dividend period. Fees or other conditions could reduce earnings on any of the accounts listed. For all Savings, Money Market Savings, and IRAs Accounts, the prospective Dividend Rate and prospective Annual Percentage Yield are set forth above. The Dividend Rate and APY on Savings and IRA Accounts may change monthly as determined by the Board of Directors. The Dividend Rate and APY on Money Market Savings may change daily.

There is an early withdrawal penalty on Share Certificate and IRA accounts.
Member accounts are insured by the National Credit Union Administration up to $250,000.


Privacy Policy Santa Cruz: 324 Front Street    (831) 425-7708    Watsonville: 1428 Freedom Blvd Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government- National Credit Union Administration, a US Government Agency
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