Savings Rates
Effective July 1, 2021| Account | Min Bal to Earn Dividend | Dividend Rate | APY* |
|---|---|---|---|
| Regular Share Savings | $200 | 0.10% | 0.10% |
| IRAs | None | 0.10% | 0.10% |
| Special Share Savings | None | 0.10% | 0.10% |
| Second Chance Savings** | None | 0.10% | 0.10% |
| Holiday Club Savings | None | 0.10% | 0.10% |
| *Annual Percentage Yield; Subject to change quarterly. Fees may reduce earnings. Dividends at HUEFCU accrue from the date of deposit and are compounded and paid quarterly on the first day of each new quarter (January, April, July and October). The Dividend Rate and Annual Percentage Yield are fixed. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. The credit union will notify you at least thirty (30) days in advance of any dividend decrease. Dividends are forfeited if the account is closed before the dividend is paid. **No minimum balance required to earn dividends. Funds are not accessible for a term of 1 year or at the end of the Second Chance loan term. |
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Certificate Rates
Effective July 1, 2021| Certificate | Min Bal to Open | Dividend Rate | APY* |
|---|---|---|---|
| Dream Builder | $100 | 0.35% | 0.35% |
| 6 Months | $500 | 0.45% | 0.45% |
| 12 Months | $500 | 0.55% | 0.55% |
| 24 Months | $500 | 0.65% | 0.65% |
| 36 Months | $500 | 0.75% | 0.75% |
| Early withdrawal penalty 0.25 of dividends earned. *Annual Percentage Yield; Subject to change quarterly. Fees may reduce earnings. Dividends are paid quarterly on all share certificate accounts on the 1st day of the new quarter. Example quarter ends March 31‚ 2XXX dividend posted April 1‚ 2XXX. |
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