Rates

Share Rates

IBEW 26 FCU Rate Schedule

The rates and terms applicable to your account at the Credit Union are provided in this Rate Schedule.

The Annual Percentage Yield is accurate as of the Last Dividend Declaration Date: March 22, 2016.

Account Type Dividend Rate

APY

Dividends Compounded Dividends Credited Dividend Period Balance Requirements Minimum Opening Deposit Minimum Balance to avoid Service Fee(1) Minimum Balance to Earn the stated APY Balance Method
Share Savings

.05 DR*

.05 APY**

Quarterly Quarterly Calendar Quarter $5.00 $5.00 $300.00(1) $300.00 Average Daily Balance
Share Savings

.05 DR*

.05 APY**

Quarterly Quarterly Calendar Quarter $5.00 $5.00 $300.00(1) $10,001.00 Average Daily Balance
Money Market Savings

.05 DR*

.05 APY**

Quarterly Quarterly Calendar Quarter $300.00 – $10,000.00 $300.00 $300.00(1) $300.00 Average Daily Balance
Money Market Savings

.05 DR*

.05 APY**

Quarterly Quarterly Calendar Quarter $10,001.00 – $25,000.00 $300.00 $300.00(1) $10,001.00 Average Daily Balance
Money Market Savings

.05 DR*

.05 APY**

Quarterly Quarterly Calendar Quarter $25,001.00 – Over $300.00 $300.00(1) 25,001.00 Average Daily Balance
IRA Savings

.25 DR*

.25 APR**

Quarterly Quarterly Calendar Quarter $300.00 $300.00 Not applicable $300.00 Average Daily Balance
Share Draft

.05 DR*

.05 APY**

Quarterly Quarterly Calendar Quarter $5.00 $5.00 $250 weekly direct deposit or $1000.00 (2) $2,000.00 Average Daily Balance
6 Month Share Certificate

0.05 DR*

0.05 APY**

none Monthly 6 months*** $1,000.00 $1,000.00 Not applicable $1,000.00 Average Daily Balance
12 Month Share Certificate

0.05 DR*

0.05 APY**

none Monthly 12 months*** $1,000.00 $1,000.00 Not applicable $1,000.00 Average Daily Balance
6 Month IRA Certificate

0.05 DR*

0.05 APY**

none Monthly 6 months*** $1,000.00 $1,000.00 Not applicable $1,000.00 Average Daily Balance
12 Month IRA Certificate

0.05 DR*

0.05 APY**

none Monthly 12 months*** $1,000.00 $1,000.00 Not applicable $1,000.00 Average Daily Balance

DR* = Dividend Rate APY** = Annual Percentage Yield ***Early Withdrawal penalty will or may be imposed for IRA & Share Certificates. Accounts closed before the end of a dividend period will not receive dividends for that period. , Service Fee(1) = Refer to Schedule of Fees available on website or request a copy from IBEW 26 FCU. (2) Share draft with direct deposit or weekly deposit (minimum $250.00), debit card, Virtual Branch, and e-statement = no monthly fee, if direct deposit is cancelled share draft account defaults to $8.95/month if cumulative balance in all accounts is less than $1,000.00. Rates may change after the account is open. Fees may reduce earnings. Please refer to the Truth-In-Savings section of the Membership Booklet for further information.

For a list of current rates contact the Credit Union office. Telephone 301-306-0610.

IBEW 26 FCU, 4371 Parliament Place, Suite C, Lanham, MD 20706. Visit our website www.ibew26fcu.com

 

Consumer Loan Rates

Collateral Loan: Rates start as low as 2.5% APR*.

Personal Loan: Rates start as low as 6.95% APR*.

Line of Credit: Rates start as low as 7.00% APR**.

Platinum Credit Card: Rates start as low as 7.00% APR**.

*APR = Annual Percentage Rate. For collateral loans, rates are determined by your credit score and the length of your loan. For personal, line of credit and credit cards the rate is determined by your credit score. We may be able to offer certain member discounts depending on your relationship with the credit union. Your APR will never fall below our current floor rate of 2.5% and will never be greater than 18%.

**APR is variable and based on an individual’s creditworthiness and is reviewed annually.

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