This page includes the most current deposit and auto loan rates at WCCU.
Deposit Rates
Rates effective on 5/27/2010
Accounts
Dividend Rate
Required Daily Balance
*APY
Dividends Paid
Member Savings
.40%
$50
.40%
Quarterly
Christmas Club
.50%
$50
.50%
Quarterly
Health Savings ($50 - $2,499.99)
1.00%
$50
1.00%
Monthly
Health Savings ($2,500 or more)
1.49%
$2,500
1.50%
Monthly
Money Management ($2,500-$9,999.99)
.75%
$2,500
.75%
Monthly
Money Management ($10,000-$24,999.99)
.85%
$10,000
.85%
Monthly
Money Management ($25,000-$49,999.99)
1.00%
$25,000
1.00%
Monthly
Money Management ($50,000 or more)
1.09%
$50,000
1.10%
Monthly
Traditional IRA
1.49%
$50
1.50%
Quarterly
Roth IRA
1.49%
$50
1.50%
Quarterly
Education IRA
1.49%
$50
1.50%
Quarterly
Member Checking
0.25%
$500
0.25%
Monthly
Super Now Checking
0.50%
$1,500
0.50%
Monthly
Awards Checking
3.20%
$0
3.25%
Monthly
Business Choice Checking
0.25%
(On low Monthly balance above $300)
0.25%
Monthly
Business Checking Plus
0.60%
$10,000
0.60%
Monthly
* Annual Percentage Yield
Share and IRA Certificates
Rates effective on 5/27/2010
Share & IRA Certificates
($500 minimum on Share Certificates)
($1000 Minimum, 1 Year Minimum for IRA Certificates)
Term
($500 minimum)
($10,000 minimum)
Dividend Rate
*APY
Dividend Rate
*APY
3-Month
.80%
.80%
1.00%
1.00%
6-Month
1.05%
1.05%
1.25%
1.25%
1-Year
1.25%
1.25%
1.44%
1.45%
18-Month
1.44%
1.45%
1.64%
1.65%
2-Year
1.69%
1.70%
1.89%
1.90%
3-Year
2.09%
2.10%
2.29%
2.30%
4-Year
2.29%
2.30%
2.48%
2.50%
5-Year
2.53%
2.55%
2.73%
2.75%
* Annual Percentage Yield
WCCU's Dividend Disclosure
Accrual of Dividends
Generally, dividends begin to accrue on a non-cash deposit the day the deposit is made.
Nature of Dividends
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a period.
Variable Rate
The dividend rate and annual percentage yield on each of the above accounts may change as often as daily, at the discretion of WCCU.
Dividend Computation Method
All WCCU deposit accounts (except Business Checking) use the daily balance method. Dividends on an account are calculated by applying a daily periodic rate to the total balance in the account each day, assuming that the balance is greater than or equal to the indicated required balance.
The dividends for a Business Checking account are determined by dividing the dividend rate by twelve and multiplying the result by the lowest balance in the month, assuming that it is at least $300.00.
Dividends Upon Closure
All dividends earned to date are credited to an account at the time the account is closed.
