Share Rates as of December 16th, 2024
Share Certificate Rates as of December 18th, 2024
Share/Savings Accounts
| Account Type | Dividend Rate | APY* | Minimum Balance |
|---|---|---|---|
| Share/Savings | 0.10% | 0.10% | $5.00 |
| Share Draft/Checking | 0.05% | 0.05% | none |
| Club Accounts | 0.10% | 0.10% | none |
| IRA’s (Individual Retirement Accounts) | 0.30% | 0.30% | none |
*APY = Annual Percentage Yield. The disclosed dividend rates are variable and may change after opening the account(s). Membership Share $5.00 par value (par value is not a fee). Fees may reduce earnings. Minimum balance is to earn APY.
Money Market Accounts
| Money Market Accounts | Dividend Rate | APY* |
|---|---|---|
| Tier 1 – $2,500 – $9,999 | .70% | .70% |
| Tier 2 – $10,000 – $49,999 | .80% | .80% |
| Tier 3 – $50,000 – $99,000 | 1.00% | 1.00% |
| Tier 4 – $100,000 + | 1.05% | 1.05% |
*APY = Annual Percentage Yield. The disclosed dividend rates are variable and may change after opening the account(s). Money Market accounts require a minimum deposit of $2,500.00 to open the account and a minimum balance of $2,500.00 to earn APY. Money market rates increase at the following tiers: $10,000 – $50,000 – $100,000+. Dividends are calculated and paid monthly based on the average daily balance during the month. If the balance falls below the minimum balance, no dividend will be paid for that month. Dividends post to the Money Market account.
Share Certificates
| Share Certificate Term | Dividend Rate | APY* | Minimum Balance To Earn APY |
|---|---|---|---|
| 12 month | 3.25% | 3.25% | $500 |
| 18 month | 3.00% | 3.00% | $500 |
| 24 month | 2.80% | 2.80% | $500 |
| 36 month | 2.75% | 2.75% | $500 |
| 48 month | 2.50% | 2.50% | $500 |
| 60 month | 2.50% | 2.50% | $500 |
*APY = Annual Percentage Yield. The disclosed dividend rates are variable and may change after opening the account(s). Share Certificate rates are fixed at time of purchase. Dividends do not compound on the share certificate. Dividends are paid into member’s primary share (01) account. Credit Union may impose a penalty for early withdrawal. Minimum balance is to earn APY. Current Share Certificate rates apply to new money only. New money must be deposited from a source outside Americo Federal Credit Union; transfers between Americo accounts will not qualify.
IRA Share Certificates
| IRA Share Certificate Term | Dividend Rate | APY* | Minimum Deposit & Balance |
|---|---|---|---|
| 12 month | 3.25% | 3.25% | $500 |
| 24 month | 2.80% | 2.80% | $500 |
| 36 month | 2.75% | 2.75% | $500 |
| 48 month | 2.50% | 2.50% | $500 |
| 60 month | 2.50% | 2.50% | $500 |
*APY = Annual Percentage Yield. The disclosed dividend rates are variable and may change after opening the account(s). IRA Share Certificate rates are fixed at time of purchase. Dividends do not compound on the IRA share certificate. Dividends are paid into member’s IRA accumulation account. Credit Union may impose a penalty for early withdrawal. Share Savings Accounts: Regular Share Savings Accounts require a minimum balance of $5.00. Penalty imposed for early withdrawal on Share Certificates and IRA Share Certificates. All rates are subject to change without notice. Fees may reduce earnings on the account(s). Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. Rates effective as of the date shown above. Contact Americo FCU for current rates, applicable terms and fees. Current Share Certificate rates apply to new money only. New money must be deposited from a source outside Americo Federal Credit Union; transfers between Americo accounts will not qualify.
