Todays Rates - Federally insured by the NCUA

Accounts insured up to $250,000 on members' cumulative deposits in share-type accounts.
IRAs are separately insured for up to $250,000.

Regular Share & Club Accounts

Share Balance Dividend APY *
$25 to $2,500 0.15% 0.15%
$2,500 to $5,000 0.15% 0.15%
$5,000 to $10,000 0.15% 0.15%
$10,000 to $20,000 0.20% 0.20%
$20,000 & Over 0.30% 0.30%
    * All rates are quoted at the Annual Percentage Yield (APY)
    The minimum average daily balance required on share savings accounts is $25.00.
    The dividend period is quarterly and the dividend will be credited to your account on the next day after the quarter.
    The dividend rate and annual percentage yield may change at any time, as determined by the Credit Union Board of Directors.
    If you close your account before dividends are paid, you will receive no dividend payment.
    Dividends are calculated on an average daily balance on accounts open through the end of the quarter.
    You may earn an extra .25% dividend on your primary share account when you have loans over $10,000 (excluding real estate).
    Dividends are subject to change and are based upon current income and available earnings.

Checking Accounts

Draft Balance Dividend APY *
$1.00 & Over 0.15% 0.15%
    * All rates are quoted at the Annual Percentage Yield (APY)
    The minimum average daily balance required on checking accounts is $1.00.
    The dividend period is quarterly and the dividend will be credited to your account on the next day after the quarter.
    The dividend rate and annual percentage yield may change at any time, as determined by the Credit Union Board of Directors.
    If you close your account before dividends are paid, you will receive no dividend payment.
    Dividends are calculated on an average daily balance on accounts open through the end of the quarter.
    Dividends are subject to change and are based upon current income and available earnings.

IRA Accounts

IRA Balance Dividend APY*
About IRAs
$100 to $2,000 0.35% 0.35%
Traditional vs. Roth IRA
$2,000 to $10,000 0.35% 0.35%
Traditional IRA
$10,000 to $20,000 0.50% 0.50%
Roth IRA
$20,000 & Over 0.65% 0.65%
2013/2014 Contribution and Deduction Limits
Required Minimum Distributions
If I have a qualified retirement plan, can I also have an IRA?
See Publication 590, Individual Retirement Arrangements (IRAs) for additional information.
    * All rates are quoted at the Annual Percentage Yield (APY)
    The minimum average daily balance required on IRA accounts is $100.00.
    The dividend period is quarterly and the dividend will be credited to your account on the next day after the quarter.
    The dividend rate and annual percentage yield may change at any time, as determined by the Credit Union Board of Directors.
    If you close your account before dividends are paid, you will receive no dividend payment.
    Dividends are calculated on an average daily balance on accounts open through the end of the quarter.
    Dividends are subject to change and are based upon current income and available earnings.

Certificates

Rates subject to change weekly
Term Dividend APY *
6 Months 0.40% 0.40%
(Maturity) $5,000 Minimum
Term Dividend APY *
12 Months 0.70% 0.70%
24 Months 0.90% 0.90%
(Paid Quarterly) $5,000 Minimum
    * All rates are quoted at the Annual Percentage Yield (APY)
    Penalties: The People’s Federal Credit Union currently offers Share Certificates of varying lengths. If we consent to a request for a withdrawal that is otherwise not permitted, you may have to pay a penalty. The penalty will be the greater of $25 or loss of dividends, whether earned or not, on amounts withdrawn equal to dividends that would have accrued over 50% of the remaining term. When a non renewal Share Certificate is opened, federal law requires a minimum seven day penalty if the Share Certificate is withdrawn. If the account has not been open for at least seven days, the penalty must be taken from principle. We may waive or reduce this penalty in certain circumstances, such as death or incompetence of an owner. Other penalties may apply according to normal IRA rules, such as the premature distribution penalty tax or early withdrawal penalty.

IRA Certificates

Term Dividend APY *
12 Months 0.90% 0.90%
(Paid Quarterly) $5,000 Minimum
    * All rates are quoted at the Annual Percentage Yield (APY)
    Penalties: The People’s Federal Credit Union currently offers Share Certificates of varying lengths. If we consent to a request for a withdrawal that is otherwise not permitted, you may have to pay a penalty. The penalty will be the greater of $25 or loss of dividends, whether earned or not, on amounts withdrawn equal to dividends that would have accrued over 50% of the remaining term. When a non renweal Share Certificate is opened, federal law requires a minimum seven day penalty if the Share Certificate is withdrawn. If the account has not been open for at least seven days, the penalty must be taken from principle. We may waive or reduce this penalty in certain circumstances, such as death or incompetence of an owner. Other penalties may apply according to normal IRA rules, such as the premature distribution penalty tax or early withdrawal penalty.

The National Credit Union Share Insurance Fund

NCUSIF Depository Insurance
The National Credit Union Share Insurance Fund is the insurance program that protects members' savings. It is administered by an independent agency of the federal government, the National Credit Union Administration, or NCUA. This fund provides federal insurance of up to $250,000 on members' cumulative deposits in share-type accounts. IRAs are separately insured for up to $250,000.