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 October 1, 2018

 

Checking Accounts Rate APY Declared & Paid
Big Country Checking

No minimum balance required to earn dividends

0.250% 0.250% Monthly
Regular Draft Checking 0.00% 0.00% Monthly

Savings Accounts Rate APY Declared & Paid
Regular Share

$25 minimum

0.150% 0.150% Quarterly

(Jan, Apr, July, Oct)

SAFE Savings

$25 minimum

0.150% 0.150% Quarterly

(Jan, Apr, July, Oct)

Money Market Accounts Rate APY Declared & Paid
$2,500 – $24,999.99 0.250% 0.250% Weekly (Tuesday)
$25,000 – $49,999.99 0.275% 0.275% Weekly (Tuesday)
$50,000 – $99,999.99 0.300% 0.300% Weekly (Tuesday)
$100,000.00 + 0.350% 0.351% Weekly (Tuesday)

Individual Retirement Account (IRA) Rate APY Declared & Paid
$1.00 – $24,999.99 0.500% 0.501% Monthly
$25,000 – $49,999.99 0.550% 0.551% Monthly
$50,000 – $99,999.99 0.600% 0.602% Monthly
$100,000.00 + 0.650% 0.652% Monthly

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

Money Market Accounts Rate APY Declared & Paid
3 Month Term ($500 minimum) 0.650% 0.652% Weekly (Tuesday)
6 Month Term ($500 minimum) 1.000% 1.005% Weekly (Tuesday)
12 Month Term ($500 minimum) 1.150% 1.156% Weekly (Tuesday)
18 Month Term ($500 minimum) 1.250% 1.257% Weekly (Tuesday)
24 Month Term PLUS ($500 minimum)

One-time rate bump up option

1.350% 1.358% Weekly (Tuesday)
36 Month Term ($500 minimum) 1.450% 1.460% Weekly (Tuesday)
48 Month Term ($500 minimum) 1.550% 1.561% Weekly (Tuesday)
60 Month Term ($500 minimum) 1.650% 1.663% Weekly (Tuesday)

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.