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Investments

Investment accounts

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.

Share Certificates

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.

IRA Accounts

Our IRA Certificates combine the high yields of Share Certificates with the tax advantages of an IRA account.

Liquid CDs

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.

Traditional IRA and Roth IRA Accounts

Our Individual Retirement Accounts (IRAs) pay a competitive dividend and provide a tax-deferred source of income for your retirement years.

Youth CDs

Start a youth CD today for kids aged 0-12 with no monthly fees and a minimum deposit of $50 to earn up to 7% for a 1-year CD!

Teen CDs

Start a teen CD today for teens aged 13-17 with no monthly fees and a minimum deposit of $100 to earn up to 7% for a 1-year CD!

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.

Current rates

Effective April 2024

Share Certificates

Certificate Terms

Minimum Balance to Earn Dividend

Dividend Rate

Annual Percentage Yield (APY)

3 Months

$1,000.00

0.24%

0.25%

4 Months

$1,000.00

4.88%

5.00%

6 Months

$1,000.00

0.64%

0.65%

10 Months

$1,000.00

4.40%

4.50%

12 Months

$1,000.00

0.84%

0.85%

Bump Up Share Certificate

Certificate Terms

Minimum Balance to Earn Dividend

Dividend Rate*

Annual Percentage Yield (APY)

18 Months

$1,000.00

0.89%

0.90%

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.

Liquid Share Certificate* 

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.

Youth Share Certificate

Certificate Term

Balance To Earn Dividend

Dividend Rate

Annual Percentage Rate  (APY)

12 Months

$50.00 to $500.00

6.77%

7.00%

Teen Share Certificate

Certificate Term

Balance To Earn Dividend

Dividend Rate

Annual Percentage Rate (APY) 

12 Months

$100.00 to $1,000.00

6.77%

7.00%

IRA Certificate (Traditional and Roth)

Term

Minimum Amount To Earn Dividend

Dividend Rate

Annual Percentage Rate (APY)

4 Months

$1,000.00

4.88%

5.00%

10 Months

$1,000.00

4.40%

4.50%

12 Months

$1,000.00

0.84%

0.85%

Bump Up IRA Certificate (Traditional and Roth)

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.

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.

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