Federally insured by the NCUA
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SMW 104 Federal Credit Union offers many opportunities to save and invest with a variety of Share Certificates and retirement accounts. All share accounts are insured up to $250,000 by the National Credit Union Administration (NCUA). Please contact our office regarding coverage amounts for IRA and Trust Accounts.
We offer competitive rates on our Share Certificates with terms from 3 months to 36 months. The minimum amount to open a Share Certificate is $1,000. Share Certificates with terms of 18 months to 36 months are eligible to “bump up” the rate to today’s rate one time during the current term, upon request.
Our IRA Certificates combine the high yields of Share Certificates with the tax advantages of an IRA account.
Our 12-month Liquid Certificate of Deposit means you get the advantage of a great rate and the ability to make withdrawals. You have access to your funds. Plus, you can have an unlimited number of deposits during the 12-month certificate term.
Our Individual Retirement Accounts (IRAs) pay a competitive dividend and provide a tax-deferred source of income for your retirement years.
Deposits can be made in cash, check, payroll deduction, direct deposit, using our Mobile Deposit App, at any CO-OP Shared Branch location, or via ATM using your SMW 104 Federal Credit Union issued ATM or Visa® Debit card. Please see Agreements and Disclosures for more information.
Effective December 2023
Certificate Terms | Minimum Balance to Earn Dividend | Dividend Rate | Annual Percentage Yield (APY) |
3 Months | $1,000.00 | 0.24% | 0.25% |
6 Months | $1,000.00 | 0.64% | 0.65% |
12 Months | $1,000.00 | 0.84% | 0.85% |
Certificate Terms | Minimum Balance to Earn Dividend | Dividend Rate* | Annual Percentage Yield (APY) |
18 Months | $1,000.00 | 0.89% | 0.90% |
23 Months | $1,000.00** | 3.92% | 4.00% |
24 Months | $1,000.00 | 1.97% | 2.00% |
36 Months | $1,000.00 | 1.86% | 1.88% |
*The dividend rate on the Share Certificates can be increased or “Bumped Up” one time during the term of the share certificate.
The minimum term for a “Bump Up” certificate is eighteen (18) months.
**50% New money required.
Certificate Term | Minimum Balance To Earn Dividend | Dividend Rate | Annual Percentage Rate (APY) |
12 Months | $1,000.00 | 3.30% | 3.35% |
*50% New money required.
Certificate Term | Balance To Earn Dividend | Dividend Rate | Annual Percentage Rate (APY) |
12 Months | $50.00 to $500.00 | 4.87% | 5.00% |
Certificate Term | Balance To Earn Dividend | Dividend Rate | Annual Percentage Rate (APY) |
12 Months | $100.00 to $1,000.00 | 4.87% | 5.00% |
Term | Minimum Amount To Earn Dividend | Dividend Rate | Annual Percentage Rate (APY) |
12 Months | $1,000.00 | 0.84% | 0.85% |
Term | Minimum Amount To Earn Dividend | Dividend Rate* | Annual Percentage Rate (APY) |
18 Months | $1,000.00 | 0.89% | 0.90% |
24 Months | $1,000.00 | 1.19% | 1.20% |
*The dividend rate on the IRA Certificates can be increased or “Bumped Up” one time during the term of the share certificate.
The minimum term for a “Bump Up” certificate is eighteen (18) months.
Certificate Term | Minimum Amount To Earn Dividend | Dividend Rate | Annual Percentage Rate (APY) |
14 Months | $1,000.00* | 3.34% | 3.40% |
*New money only.
This rate schedule states rates applicable to specified accounts and is incorporated as a part of you account agreement with SMW 104 Federal Credit Union. For purposes of this disclosure, the dividend rate and annual percentage yield stated for the term share account where offered within the most recent 7 calendar days and were accurate as of the effective date. Rates determined by the Board of Directors and subject to change without notice.
Please see the Agreements and Disclosures for more information regarding Fixed Rate Information, Minimum Balance Requirements, Transaction Limitations, Maturity Date, and Early Withdrawal Provisions.
