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Serving the Education Community



Rates

Savings

Money Markets and IRAs

Rates effective October 31, 2016
  Account Type  Min. Balance  Dividend Rate  APY
Money Market - Tier 1$2,500.30%.30%Calculator  
Money Market - Tier 2$20,000.40%.40%   
Money Market - Tier 3$100,000.50%.50%   
IRA Money Market - Tier 1$2,500.30%.30%   
IRA Money Market - Tier 2$20,000.40%.40%   
IRA Money Market - Tier 3$100,000.50%.50%   
IRA Account$5.05%.05%   

APY=Annual Percentage Yield. Dividends are compounded and credited monthly.


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Certificates and IRAs

Rates effective October 31, 2016
  Account Type  Term  Min. Balance  Dividend Rate  Star Member Dividend Rate  Star Member APY
Certificates60 months$5001.79%1.89%1.90%   
 48 months$5001.59%1.69%1.70%   
 36 months$5001.39%1.49%1.50%   
 24 months$5001.19%1.29%1.30%   
 12 months$5001.00%1.10%1.10%   
 6 months$500.50%.60%.60%   
 3 months$500.40%.50%.50%Calculator  

APY=Annual Percentage Yield. Dividends are compounded and credited quarterly. A penalty may be charged for Certificate early withdrawal.

STAR Members are eligible for an additional .10% APY increase on new Certificates and will need to contact an Educational Systems FCU employee for the adjusted APY. 


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Jumbo Certificates

Rates effective October 31, 2016
  Account Type  Term  Min. Balance  Dividend Rate  APY  Star Member Dividend Rate  Star Member APY
Certificates60 months$100,0001.89%1.90%1.99%2.00%   
 48 months$100,0001.69%1.70%1.79%1.80%   
 36 months$100,0001.49%1.50%1.59%1.60%   
 24 months$100,0001.29%1.30%1.39%1.40%   
 12 months$100,0001.10%1.10%1.19%1.20%   
 6 months$100,0000.60%0.60%0.70%0.70%   
 3 months$100,0000.50%0.50%0.60%0.60%   

APY=Annual Percentage Yield. Dividends are compounded and credited quarterly. A penalty may be charged for Certificate early withdrawal.

Jumbo Certificate: A Jumbo Certificate can be opened with a minimum balance of $100,000. Jumbo Certificates offer a .10% APY higher than Regular and IRA Certificates of the same type or term. APYs, terms and disclosures also apply to IRA Certificates and individual retirement accounts. 

Star Members: STAR Members are eligible for an additional .10% APY increase on new Certificates and will need to contact an Educational Systems FCU employee for the adjusted APY.


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Savings and Checking

Rates effective October 31, 2016
  Account Type  Min. Balance  Dividend Rate  APY
Regular Savings*$5.05%.05%Calculator  
Special Purpose Club*-.05%.05%   
Dividend Checking**$500.05%.05%   
Premium Summer Pay Tier 1***-1.98%2.00%   
Premium Summer Pay Tier 2***$20,000.05%.05%   

APY=Annual Percentage Yield.

*Dividends are compounded and credited quarterly.

**Dividends are compounded and credited monthly. A $25 fee will be assessed for early withdrawals from Summer Pay accounts.

***The Premium Summer Pay account is only available for direct deposits received from qualifying school systems and community colleges. The Tier 1 APY applies to average daily balances up to $20,000. The Tier 2 APY applies to average daily balances above $20,000. A $25 fee will be assessed for each early withdrawal. The Premium Summer Pay account distributions will be made to an Educational Systems FCU savings or checking account in four equal proportions on the first and third Friday of July and August. For terms applicable to Standard Summer Pay accounts opened prior to January 1, 2016, please contact the Credit Union for further information pertaining to this account at 301-779-8500.

 


 

 

All rates are subject to change without notice.  Membership eligibility requirements must be met.


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© 2014 Educational Systems Federal Credit Union. All rights reserved.
Educational Systems Federal Credit Union Routing #255077008

PO Box 179, Greenbelt, MD 20768-0179  ·  301.779.8500  ·  800.356.6660
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