Current Savings Rates: As of
05/01/08
Regular Shares |
|
Annual Percentage Yield |
Annual Percentage Rate |
< $10,000 |
.50% |
.50% |
$10,000 - $40,000 |
.75% |
.75% |
> $40,000 |
1.00% |
1.00% |
For Share Savings Accounts including special purpose accounts such as Christmas Club and Vacation Club accounts, dividends will be paid on a minimum balance of $25.00. For Scottie Savers and Under Eighteen accounts, dividends will be paid on a $5.00 minimum balance. Specific dividends are listed above. |
Money Market Checking Account |
|
Annual Percentage Yield |
Annual Percentage Rate |
< $20,000 |
1.50% |
1.49% |
$20,000 - $40,000 |
1.75% |
1.74% |
> $40,000 |
2.00% |
1.98% |
The new tiered rate schedule for Money Market Accounts is listed above. Did you know your Money Market Account can work like an interest-bearing checking account? You can deposit savings into your BACU Money Market Account and earn a great interest rate. Then, you can also write checks from funds in your Money Market Account. You’ll earn a great interest rate and have the convenience of check writing too! The minimum balance is $2,500. No dividends are paid if the balance falls below a $2,500 balance. |
IRA Accounts and IRA Certificates |
Effective
April 1, 2008, Paying 2.00% APY, paid quarterly,
on IRA Share accounts.
IRA certificates pay the same high rates as our regular certificates |
Certificate Rates
| Maturity |
APY/APR* |
| 3 month |
2.60% |
| 6 month |
2.80% |
| 12 month |
3.00% |
| 18 month |
3.15% |
| 24 month |
3.25% |
| 36 month |
3.35% |
| 48 month |
3.50% |
| 60 month |
3.65% |
*Annual Percentage Yield and Annual Percentage Rate are the same since dividends do not compound. $500.00 minimum required to open any certificate. Certificate rates effective as of date listed at top of page. Rates can change at any time without prior notice. |
