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Savings Rates

Preston Federal Credit Union

Dividend interest rates are subject to change at any time by resolution of the Preston F.C.U. Board of Directors.

    Effective April 1, 2008

REGULAR SAVINGS RATES

Rate

APY

0.75%

0.75%

Club Savings Rates

Dividend interest rates for all types of share savings is computed on daily balances and posted quarterly. The annual percentage yield (APY) is computed with quarterly interest compounding and assumes that the dividend interest earned remains on deposit in the same account for a minimum of 12 months.

Description

Rate

APY

Christmas Club

1.24%

1.25%

Vacation Club

1.24%

1.25%

Back To School Club

1.24%

1.25%

Supersaver Rates

Account Balance

Rate

APY

  $2,500.00 to   $9,999.00

1.490%

1.50%

$10,000.00 to $24,999.99

1.990%

2.00%

$25,000.00 to $49,999.99

2.280%

2.30%

$50,000.00   and up

2.380%

2.40%

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Time Share Certificate Rates. The annual percentage yield, (APY) is computed with quarterly interest compounding and assumes that the dividend interest earned remains on deposit in the same account for a minimum of 12 months.  The 21 month Century CD reflects monthly compounding for 12 months.  Withdrawals of the principal deposit before the maturity date are subject to an early withdrawal penalty..

Any Individual Retirement Account can invest funds in a Time Share (CD) account with a minimum investment of $500.00.

Term In Months

Rate

APY

6

2.230%

2.25%

12

2.480%

2.50%

21

2.720%

2.75%

36

2.970%

3.00%

48

3.260%

3.30%

Share Draft Checking

Balance

Rate

APY

300.00 to 1,499.99

.50%

.50%

1,500.00 and up

1.00%

1.00%

Dividend interest for share draft checking is computed on the daily balance and posted monthly.  The annual percentage rate, (APY) is computed with monthly interest compounding and assumes that the dividend interest earned remains on deposit in the same account for a minimum of 12 months.