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*Annual Percentage Yields (APY) effective as of publication date. Limited time offer which is subject to change without notice. $1,000 minimum balance for 2.00% APY. No other rate adjustments, bonuses, or pricing available and cannot be combined with other promotions. Excludes IRA Silver Share Certificates. Offer applies only to money not already on deposit at UICCU. 33 month original term which will automatically renew to a 36 month term certificate at the current market rates in effective on the date of renewal. APY may be changed one (1) time during the original term of the certificate at the member’s written request. Early withdrawal will result in a penalty. Other restrictions may apply. Contact a U of I Community Credit Union Member Service Representative for additional information.
Lock in a competitive rate and watch your savings grow! Certificates are perfect for members who want to earn a higher dividend and can commit to setting money aside for a designated time frame. With terms that range from a couple of months to a couple of years, a Share Certificate is a great way to save for near-term goals like buying a car, starting a family, and more.
|Term length||Minimum Deposit||APY||Dividend Rate||Early withdrawal penalty|
|90 days||$1000||0.15%||0.15%||90 day dividend|
|6 months||$1000||0.20%||0.20%||90 day dividend|
|1 year||$500||0.25%||0.25%||180 day dividend|
|2 years||$500||0.50%||0.50%||180 day dividend|
|3 years||$500||0.75%||0.75%||180 day dividend|
|4 years||$500||1.00%||1.00%||180 day dividend|
|5 years||$500||1.25%||1.24%||180 day dividend|
IRA and Coverdell Education Savings Certificates
We also offer share certificates for traditional IRAs, Roth IRAs, and Coverdell Education Savings Accounts (ESA). Certificates are a great addition to your retirement savings plan, because they help you earn higher dividends with no risk and let you choose your time commitment. Early withdrawal penalty applies. This penalty is in addition to any penalties and withholding requirements that may apply, in accordance with IRA/ESA regulations and IRS law.
|Term Length||Minimum Deposit for IRA||Minimum Deposit for ESA||APY||Dividend Rate||Early Withdrawal Penalty|
|1 Year||$1000||$500||0.25%||0.25%||180 Day Dividend|
|2 Years||$1000||$500||0.50%||0.50%||180 Day Dividend|
|3 Years||$1000||$500||0.75%||0.75%||180 Day Dividend|
|4 Years||$1000||$500||1.00%||1.00%||180 Day Dividend|
|5 Years||$1000||$500||1.25%||1.24%||180 Day Dividend|
APY stands for Annual Percentage Yield. Dividends on all certificates are calculated daily and compounded quarterly and at maturity. Early withdrawal penalties may apply.