| Certificate Maturity | Minimum Opening Balance | Rate Type | APY1 | Dividend Rate |
|---|---|---|---|---|
| 3 month to 5 month * | $500.00 | Fixed | 4.50% | 4.40% |
| 6 month to 11 month * | $500.00 | Fixed | 4.50% | 4.40% |
| 12 month to 17 month * | $500.00 | Fixed | 3.95% | 3.87% |
| 12 month Lucky Saver (Non-IRA/HSA Only) | $25.00 | Fixed | 3.95% | 3.87% |
| 18 month to 23 month * | $500.00 | Fixed | 3.90% | 3.83% |
| 24 month to 29 month * | $500.00 | Fixed | 3.85% | 3.78% |
| 30 month to 35 month * | $500.00 | Fixed | 3.85% | 3.78% |
| 36 month to 47 month * | $500.00 | Fixed | 3.75% | 3.68% |
| 42 month (variable) * | $500.00 | Variable (Monthly) | 3.75% | 3.68% |
| 48 month to 59 month * | $500.00 | Fixed | 3.70% | 3.63% |
| 60 month * | $500.00 | Fixed | 3.70% | 3.63% |
Footnotes
Regular or IRA/HSA Share Certificates
Annual Percentage Yield
Disclosures
Call 1-800-242-2120 for current rates and information on applicable terms and fees. The Credit Union reserves the right to change or terminate any of these offerings without notice.
Dividends are calculated using the daily balance method. This method applies a periodic rate to the daily balance in the account each day.
Dividends are compounded daily and credited monthly. The annual percentage yield (APY) disclosed assumes dividends will remain on deposit until the maturity or a period of one year.
Dividend rates, according to government regulations, cannot be absolutely guaranteed. Federal regulations also prohibit payment of dividends in excess of available earnings. If you close your Share Money Manager, Checking, or Flex Money Market Account before dividends are credited, you will not receive dividends for the month.
Member deposits are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
All rates & offerings are subject to change or termination without notice. This includes new deposits, transfers from other VISIONS FCU accounts and renewing certificates.
Fees may reduce earnings on accounts.
WITHDRAWALS OF PRINCIPAL PRIOR TO MATURITY:
Note: Special Share Certificates may impose unique withdrawal policies, please refer to your specific Share Certificate Agreement and Disclosure Notice for details.
Without Penalty: Withdrawals may be made without penalty only upon maturity of the account or upon death of the owner of the Share Certificate account; as a result of voluntary liquidation of the federal credit union issuing the account; or if the account is part of a tax-qualified pension plan and withdrawal is made to effect distribution as a result of participant's death, disability, taking an automated periodic distribution after age 59-1/2 or taking a required age 70-1/2 or greater distribution.
With Penalty: Withdrawals prior to maturity shall incur a penalty on the portion withdrawn, or the entire balance if said balance falls below the minimum balance. The penalties are as follows:
- If the term of the Share Certificate is one year or less, the penalty shall be lesser of a) an amount equal to the dividends that would accrue for 90 days on the amount withdrawn or on the entire balance if below the required minimum, or b) an amount equal to the dividends that would accrue on the amount withdrawn since the date of issuance or renewal, but not less than an amount equal to seven days' worth of dividends.
- If the term of the Share Certificate is greater than 1 year, the penalty shall be the lesser of a) an amount equal to the dividends that would accrue for 180 days on the amount withdrawn, or on the entire balance if below the required minimum, or b) an amount equal to the dividends that would accrue on the amount withdrawn since the date of issuance or renewal, but not less than an amount equal to seven days' worth of dividends. On partial withdrawals, the first deposit(s) made to the account will be considered as being withdrawn and subject to penalty. Should the early withdrawal amount during the life of the certificate exceed the original balance the Credit Union will require that the entire balance be withdrawn and subject to penalty.
Visions' Share Certificates offer competitive rates, fully insured for at least $250,000 by the National Credit Union Share Insurance Fund and as convenient as technology can make them. Simply stop by one of our offices to open one. Great investment in two ways: As you start learning about finances and investing, this is an easy, safe vehicle to earn more dividends than your savings account. As you gain expertise, it's a great way to balance your risk from other parts of your portfolio.
Here are the options:
All certificates are $500 minimum balance to open. The Lucky Saver certificate is $25 minimum balance to open.
Dividend Rates
Dividends are compounded daily and credited monthly.
Deposits
The 3-5 month fixed rate and 42-month variable rate share certificates may allow subsequent deposits of $100 or more during the term of the share certificate. The 12-month Lucky Saver may allow subsequent deposits during the term of the share certificate.
