Share Account Dividend Rates

Dividend Rates as of August 1, 2017 - (Printable Version)

Share Accounts

Share Type Dividend Rate Annual Percentage Yield
Savings Accounts 0.05% 0.05%
High Yield Youth Savings* 0.50% 0.50%
Value Checking 0.02% 0.02%
IRA's 0.05% 0.05%

Minimum $5.00 deposit is required to open a savings account and a minimum balance of $5.00 is required in order to earn dividends.

*0.50% APY paid up to $2,500. The current savings rate is paid on balances over $2,500.

Rates are subject to change after the account is opened. Fees may reduce earnings on the account (see Fee Schedule)

Money Market Maximizer

Balance Dividend Rate Annual Percentage Yield
$9,999 and below 0.05% 0.05%
$10,000-$24,999 0.05% 0.05%
$25,000-$49,999 0.05% 0.05%
$50,000 and above 0.10% 0.10%

Dividend rates are subject to change after the account is opened. Fees may reduce earnings on the account (see Fee Schedule)

Certificate and IRA Rates

Description Dividend Rate Annual Percentage Yield Minimum Balance
13-wk. share certificate 0.10% 0.10% $500
26-wk. share certificate 0.15% 0.15% $500
1-yr. share certificate 0.40% 0.40% $500
2-yr. share certificate 0.75% 0.75% $500
3-yr. share certificate 0.85% 0.85% $500
5-yr. share certificate 1.50% 1.51% $500

Dividends are paid and compounded monthly. A penalty may be imposed for early withdrawal. The amount of early withdrawal penalty is 30 days of dividends for terms up to 13 weeks, 60 days of dividends for 26 week terms, 90 days of dividends for 1 year terms, 180 days of dividends for 2 year terms, and 365 days of dividends for terms of 3 years or more.

Participation Accounts

Average daily balance required to earn rate Dividend Rate Annual Percentage Yield - (Printable Version)
Up to $9,999.99 0.05% 0.05% APY on the entire average daily balance.
$10,000.00-$24,999.99 0.15% The dividend rate will be paid only on the portion of your average daily balance that is greater than $9,999.99 but less than $25,000.00 with an APY ranging from 0.05% to 0.11% depending on the average daily balance in this account.
$25,000.00-$49,999.99 0.15% The dividend rate will be paid only on the portion of your average daily balance that is greater than $24,999.99 but less than $50,000.00 with an APY ranging from 0.11% to 0.13% depending on the average daily balance in this account.
$50,000.00 and above 0.15% The rate of 0.15% will be paid only on average daily balances over $49,999.99 with an APY of 0.13% on balances up to $50,000.00 and 0.15% on balances over $49,999.99.

Annual Percentage Yield (APY). Dividend rates are subject to change after the account is opened. Dividend rates and APYs are subject to change. Fees may reduce earnings. You must be a member of Deer Valley Credit Union, have a fully qualified Participation Account, maintain qualification, and your accounts must be kept in good standing. To fully qualify for the Participation Account, you are required to maintain active direct deposit ($500/month minimum) and enroll in Remote Banking and eStatements. If your account is not fully qualified, you will receive the Value Checking dividend rate and APY. The Value Checking APY was 0.02% as of May 31, 2017.

Dividend rates are subject to change after the account is opened. Fees may reduce earnings on the account (see Fee Schedule)