Deposit Account
Rates
Effective 08/15/08
Deposit Account
|
|
Deposit
Type
|
APY*
|
Dividend
Rate
|
|
Savings
|
0.75%
|
0.75%
|
|
Escrow
|
0.75%
|
0.75%
|
|
IRA (Savings)
|
0.75%
|
0.75%
|
|
Club
|
0.75%
|
0.75%
|
|
Checking
|
0.50%
|
0.50%
|
Money Market & Money Market IRA Accounts
|
|
Minimum
Balance
|
APY*
|
Dividend
Rate
|
|
$2,500-$24,999.99
|
1.79%
|
1.78%
|
|
$25,000-$99,999.99
|
2.09%
|
2.07%
|
|
$100,000-$349,999.99
|
2.39%
|
2.36%
|
|
$350,000 and more
|
2.69%
|
2.66%
|
|
Certificates
of Deposit
$1,000
minimum deposit required
|
|
Deposit
Type
|
APY*
|
Interest
Rate
|
|
3 mo.
|
2.20%
|
2.18%
|
|
6 mo.
|
2.30%
|
2.28%
|
|
12 mo.
|
2.65%
|
2.62%
|
|
18 mo.
|
2.75%
|
2.72%
|
|
24 mo.
|
4.25%
|
4.17%
|
|
30 mo.
|
4.40%
|
4.31%
|
|
36 mo.
|
4.50%
|
4.41%
|
|
48 mo.
|
4.60%
|
4.51%
|
|
60 mo.
|
4.75%
|
4.65%
|
|
JUMBO
Certificates of Deposit
$100,000
minimum deposit required
|
|
Deposit
Type
|
APY*
|
Interest
Rate
|
|
Jumbo
Certificates of Deposit earn a 0.25% APY above standard CD APYs.
|
|
*APY = Annual
Percentage Yield
Rates, terms and conditions subject to
change. Minimum deposits are as follows: Savings-$5; Checking-$20;
Standard Certificates–$1,000. Moola & Boom! Certificates-$100. A penalty
may be imposed for Certificate withdrawals made before maturity. Jumbo offers
valid on new or renewing CDs. Refer to TDECU’s Account Information &
Truth in Savings Brochures for additional terms and conditions.
|
Dividend Rate - An annualized rate of interest approved by the board of
directors and paid the same on all similar type accounts.
APY (Annual Percentage Rate) - Expressed as a percentage; reflects the total
amount of interest that would be received on a deposit, based on the
dividend rate and the frequency of compounding for a 365-day period.
APYE (Annual Percentage Yield Earned) - Expressed as a percentage; reflects
the relationship between the dollar amount of dividends actually earned on
the account and the actual average daily balance for that period.
|
