Rates/Yields
IMPORTANT DEPOSIT INFORMATION FOR CCCU as of July 1, 2010
APR = Annual Percentage Rate
APY = Annual Percentage Yield
Checking
| Average Daily Balances | APR | APY |
| 0 to $2,499.99 | 0.00% | 0.000% |
| $2,500 and above | 0.25% | 0.250% |
Savings - Christmas/Vacation Club - Secondary Savings *
| Average Daily Balances | APR | APY |
| $50 to $999 | 0.25% | 0.250% |
| $1,000 and above | 0.25% | 0.250% |
A dormant account fee will be assessed to a savings account with a balance less then $250.00 with no activity for 3 months or more. Christmas/Vacation Club withdrawals may not be made during the year on Christmas/Vacation Club Accounts.
More Money - Variable Rate
| Average Daily Balances | APR | APY |
| 0-$4,999 | 0.25% | 0.250% |
| $5,000 - $24,999 | 0.25% | 0.250% |
| $25,000 - $74,999 | 0.25% | 0.250% |
| $75,000 and above | 0.25% | 0.250% |
Certificates-Fixed Rate
| Months | Regular APR | APY | Diamond APR | APY |
| 6 | 0.25% | 0.250% | 0.25% | 0.250% |
| 12 | 0.55% | 0.551% | 0.55% | 0.551% |
| 24 | 1.00% | 1.005% | 1.00% | 1.005% |
| 36 | 1.50% | 1.510% | 1.50% | 1.510% |
| 60 | 2.00% | 2.018% | 2.00% | 2.018% |
If you withdraw the principal balance or close your certificate account prior to maturity the following penalties will be assessed; 6 and 12-month certificates will be assessed a 90 day interest penalty, 24, 36, & 60 month certificates will be assessed a 180 day interest penalty. Subsequent deposits are not allowed to a certificate of deposit.
IRAs-Rates Based on Account Balances
| Average Daily Balances | APR | APY |
| 0-$4,999 | 0.25% | 0.250% |
| $5,000 - $24,999 | 0.25% | 0.250% |
| $25,000 - $74,999 | 0.25% | 0.250% |
| $75,000 and above | 0.25% | 0.250% |
Deadline for making a previous year contribution is April 15. Must be age 59 1/2 for withdrawals or meet the qualified distribution guidelines. Roth IRA must be open 5 years before qualified distribution can be made and the owner is 59 1/2 years old or older, or disabled, or using the distribution as a first time home buyer. One year minimum term.
The following applies to all accounts:
- Dividend Payments: Interest is paid from current income and available earnings after required transfers to reserve.
- Rate information: Interest rates and annual percentage yields may change at any time but fixed rate reductions will be preceded by written notice. Variable rates may change monthly.
- Accrual of Interest: Interest begins to accrue no later than day of deposit on non-cash items (for example - checks). Interest is compounded and credit to the account monthly. If you close your account prior to month end, interest for that month will not be paid.
- Account information: Interest is calculated by the average daily balance method which applies a periodic rate to the account's average daily balance. The average daily balance is computed by adding the balance in the account for each day of the period and dividing by the number of days in the period.
- Aggregate Information: Minimum aggregate deposit level is based on average daily balance for the month.
- Annual Percentage Yield: APY assumes that earnings will remain on deposit until maturity and that a withdrawal of earnings will reduce interest earned.
