Savings Rates

Rates and Yields Effective: 10.22.2018


Account Minimum Opening Deposit Dividend Rate APY*

Regular Share Savings

Secondary Savings,
Vacation, & Christmas Club

Youth Savings

*APY= Annual Percentage Yield. Rates and APY are accurate as of 10/22/18. 2.11% APY is available on balances between $100,000 and $999,999.99 Rates vary depending on account balance. A minimum deposit of $5,000 in new money is required to open a Premium Purple Savings Account. New money is money that is not already on deposit at Inspire FCU. Funds on deposit at Inspire FCU cannot be withdrawn and re-deposited to be considered new money. The minimum balance required to obtain the APY and avoid the $15 minimum balance fee is $5,000. Fees could reduce earnings on the account. Rates subject to change at any time without notice.

**Traditional and IRA certificates are available in 3-month to 60-month terms. Rates subject to change without notice. Certificate dividends paid quarterly, All other dividends paid monthly. Certificates may be subject to penalty for early withdrawal. Fees may reduce earnings. Minimum balance of $500 to open account and is required to earn disclosed dividend.



Share Certificates

Account Minimum Opening Deposit Dividend Rate APY*

*APY = 'Annual Percentage Yield', assumes dividends remain on deposit. Minimum balance of $25 is required to earn dividends on primary and secondary savings, youth savings, IRAs, Christmas & Vacation Club accounts. Fees may reduce earnings. Savings rates calculated using average daily balance method. Dividend rate is subject to change without notice.

**Traditional and IRA certificates are available in 6-month to 60-month terms. Rates subject to change without notice. Certificate dividends paid quarterly, All other dividends paid monthly. Certificates may be subject to penalty for early withdrawal. Fees may reduce earnings. Minimum balance of $500 to open account and is required to earn disclosed dividend.


Checking

Account Minimum Opening Deposit Dividend Rate APY*

To earn rewards, each monthly qualification cycle:

  • Have signature-based debit card transactions totaling $500 or more
  • *APY=Annual Percentage Yield. Account transactions and activities may take one or more days to post and settle to the account and all must do so during the current month to qualify for the account's rewards. Qualifications = 1) making signature based debit card purchases totaling $500 or more; Qualifying signature based debit card transactions do not include ATM-processed transactions, transfers between accounts, debit and credit card purchases processed by merchants and received by Inspire Federal Credit Union (Inspire FCU) as ATM or PIN-based, and purchases made with non-Inspire FCU issued debit or credit cards. Premium Purple Checking is a tiered rate account. Rewards: $25,000 and below – 0.50%APR/0.50% APY; Above $25,000 Rate – 1.05% APR/1.05%APY. APY is calculated as an average daily balance throughout the statement cycle, not on account balance at the end of the statement period. Once a particular balance range is met, the dividend rate and APY for that range will apply to the full balance of your account. Rates are variable and may change after account is opened. When your Premium Purple Checking account qualifications are not met, reward distributions are not made. If qualifications are met dividends post on the last day of the month. Transactions made one month but posted and cleared the account the following month will count towards the requirement for the month in which they post. Rates and rewards are variable and may change after account is opened. APY is accurate as of 5.7.18. Overdraft or NSF fees may reduce earnings. Account approval, conditions, qualifications, limits, time frames, and other requirements may apply. No minimum deposit is required to open the account and earn APY. Limit 1 account(s) per social security number. There are no recurring monthly service charges or fees to open or close this account.

    Business Accounts

    Account Minimum Deposit Dividend Rate APY*