Credit Union Savings Rates & Yields
Rates and Yields Effective: 03.03.2023
| Account | Minimum Opening Deposit | Dividend Rate | APY* |
|---|---|---|---|
| $5 | 0.05% | 0.05% | |
| $5,000 - $49,999.99 $50,000 - $199,999.99 $200,000 and Above | 0.10% 1.25% 1.50% | 0.10% 1.26% 1.51% | |
| $25 - $49,999.99 $50,000 - $999,999.99 $1,000,000 and Above | 0.10% 1.25% 1.50% | 0.10% 1.26% 1.51% | |
| No Minimum Deposit | 0.05% | 0.05% | |
| $5 | 0.05% | 0.05% | |
| $5 | 0.10% | 0.10% |
*APY= Annual Percentage Yield. Rates and APY are accurate as of 01.04.2023. 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 vary depending on account balance. Rates are variable and may change after account is opened. 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 Funds on deposit at Inspire FCU cannot be withdrawn and re-deposited to be considered new money.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, Roth IRA, and Coverdell ESA 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.
Share Certificates
| Account | Minimum Opening Deposit | Dividend Rate | APY* |
|---|---|---|---|
| $500 | 0.50% | 0.50% | |
| $500 | 4.30% | 4.37% | |
| $500 | 1.50% | 1.51% | |
| $500 | 3.75% | 3.80% | |
| $500 | 1.75% | 1.76% | |
| $500 | 4.05% | 4.11% | |
| $500 | 3.50% | 3.55% | |
| $500 | 1.30% | 1.31% | |
| $500 | 3.05% | 3.09% | |
| $500 | 3.50% | 3.55% | |
| $500 | 1.50% | 1.51% | |
| $500 | 3.80% | 3.85% | |
| $500 | 3.80% | 3.85% | |
| $500 | 3.80% | 3.85% | |
| $500 | 4.00% | 4.06% | |
| $500 | 4.00% | 4.06% |
*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, Roth IRA, and Coverdell ESA 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.
***Terms of 6 months is only available with new money into the credit union. 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. Traditional, Roth IRA, and Coverdell ESA 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 Accounts
| Account | Minimum Opening Deposit | Dividend Rate | APY* |
|---|---|---|---|
| Balances $25,000 & Below Balances $25,000.01 & Above | 1.50% 4.00% | 1.51% 4.07% |
*APY=Annual Percentage Yield. APY is accurate as of 01.04.23. Initial deposit cannot include money already on deposit at Inspire FCU. These rates apply to High Yield checking accounts. High Yield Checking is a tiered-rate account. APY is calculated as an average daily balance throughout the statement cycle, not on 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. Dividends post on the last day of the month. Fees may reduce earnings, please see our fee schedule
Business Accounts
| Account | Minimum Opening Deposit | Dividend Rate | APY* |
|---|---|---|---|
| Balances $10,000-$24,999.99 Balances $25,000 & Above | 0.10% 0.20% | 0.10% 0.20% | |
| Balances $5 & Above | 0.05% | 0.05% | |
| $5,000-$49,999.99 $50,000-$199,999.99 $200,000 & Above | 0.10% 1.25% 1.50% | 0.10% 1.26% 1.51% |
*APY=Annual Percentage Yield. APY is accurate as of 1.4.23. The Premium Business Checking and Premium Business Savings accounts are tiered-rate accounts. 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. On the Premium Business Savings a minimum of $5,000 average daily balance is required to earn disclosed APY. On the Premium Business Checking a minimum of $10,000 average daily balance is required to earn disclosed APY. Dividends post on the last day of the month. Fees may reduce earnings, please see our fee schedule for a list of current fees.
Legacy Checking
| Account | Minimum Opening Deposit | Dividend Rate | APY* |
|---|---|---|---|
| Balances $25,000 & Below Balances $25,000.01 & Above | 0.10% 0.20% | 0.10% 0.20% |
*APY=Annual Percentage Yield. APY is accurate as of 10.03.2022. These Premium Purple Checking accounts are a tiered-rate account. 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. Dividends post on the last day of the month. Fees may reduce earnings, please see our fee schedule.
