DIVIDENDS

Communities of Abilene Federal Credit Union uses the Daily Balance Method to compute dividends. Using this method, dividends are calculated by applying a daily periodic rate to the balance in the account each day. You must maintain the minimum daily balances listed to obtain the disclosed annual percentage yields (APY). A withdrawal of principal or dividends will reduce earnings. Fees may reduce account earnings.

Your savings are Federally insured to $250,000 by the National Credit Union Administration, a U.S. Government Agency. Individual Retirement Accounts (IRAs) are federally insured up to $250,000.

Dividend Rates as of February 1st, 2023

 

Checking Accounts

Checking Accounts Rate APY Declared & Paid
Big Country Checking

No minimum balance required to earn dividends

 0.200% 0.200% Monthly
Regular Draft Checking 0.00% 0.00% Monthly

Savings Accounts Rate APY Declared & Paid
Regular Share

$25 minimum

 0.100% 0.100% Quarterly

(Jan, Apr, July, Oct)
SAFE Savings

$25 minimum

 0.100% 0.100% Quarterly

(Jan, Apr, July, Oct)

Money Market Accounts Rate APY Declared & Paid
$2,500 – $24,999.99 0.150% 0.150% Weekly (Tuesday)
$25,000 – $49,999.99 0.200% 0.200% Weekly (Tuesday)
$50,000 – $99,999.99 0.250% 0.250% Weekly (Tuesday)
$100,000.00 + 0.300% 0.300% Weekly (Tuesday)

Individual Retirement Account (IRA) Rate APY Declared & Paid
$1.00 – $24,999.99 0.600% 0.601% Monthly
$25,000 – $49,999.99 0.650% 0.651% Monthly
$50,000 – $99,999.99 0.700% 0.702% Monthly
$100,000.00 + 0.750% 0.752% Monthly

$500 minimum and maintained balance to earn dividends. All paid monthly. A penalty may be imposed for withdrawals before maturity.

Certificates* Dividend Rate** APY Declared (All Paid Monthly)
3 Month Term ($500 minimum) 0.500% 0.500% Monthly
6 Month Term ($500 minimum) 0.550% 0.550% Monthly
12 Month Term ($500 minimum) 0.600% 0.600% Monthly
13 Month Term ($25,000 minimum) 3.750% 3.750% Monthly
18 Month Term ($500 minimum) 0.650% 0.650% Monthly
24 Month Term PLUS ($500 minimum)

***One-time rate bump up option

 0.700% 0.700% Monthly
36 Month Term ($500 minimum) 0.750% 0.751% Monthly
48 Month Term ($500 minimum) 0.800% 0.801% Monthly
60 Month Term ($500 minimum) 0.850% 0.851% Monthly

* All Certificate Products available as IRA. Excluding the 13 month certificate.

**A penalty may be imposed for withdrawals before maturity

***Plus certificates have a onetime rate bump up feature

APY (Annual Percentage Yield) is accurate as of 11/1/2022.  Fees may reduce earnings on an account.

Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period and are not guaranteed. Dividends are determined at the discretion of the Credit Union and may change at any time.

We use the Daily Balance Method to compute all dividends.  Using this method, dividends are calculated by applying a daily periodic rate to the balance in the account each day.

You must maintain the minimum daily balances listed to obtain the disclosed annual percentage yields.  A withdrawal of principal or dividends will reduce earnings.