Savings Rates

This rate and fee schedule for all accounts sets forth certain conditions, rates, fees, and charges applicable to your accounts at Central Credit Union Of Illinois as of 11/14/18. 

Savings Accounts

These are the prospective dividend rates on your accounts and the anticipated annual percentage yields (APY) for the current dividend period. The dividend rates and annual percentage yields may change every quarter (for My Club Accounts, they may change monthly) as determined by the Credit Union Board of Directors.

Account Type Rate APY
Share Savings Account* 0.05% 0.05%
My Club Holiday** 0.05% 0.05%
My Club My Way*** 0.05% 0.05%

* You must maintain a $25 minimum daily balance to keep this account open and to earn the stated APY. You must maintain a $200 minimum daily balance in your account to avoid a service fee unless you are under 18 or if you maintain a credit union certificate, money market account, $200 or more in a credit union IRA or if you have a loan account with the credit union. Dividends on this account are compounded and paid quarterly. For more information regarding fees that may apply to this account, please refer to the Account Information Disclosure.

**Dividends on this account are compounded and paid monthly. In October, earned dividends for the first of the month through the last business day of the month will be paid prior to the balance disbursement. During that month, dividends will also be paid on the last day of the month for dividends earned between the disbursement date and the last day of the month. If funds are withdrawn at any time other than the disbursement date, you will be charged a $10 fee for each withdrawal. For more information regarding fees that may apply to this account, please refer to the Account Information Disclosure.

***Dividends on this account are compounded and paid monthly. During any month, you may not make more than one withdrawal or transfer. If you exceed this withdrawal/transfer limitation, you will be charged $10 fee per withdrawal/transfer for each one in excess of one per month. For more information regarding fees that may apply to this account, please refer to the Account Information Disclosure.

Checking Account

These are the prospective dividend rates on your accounts and the anticipated annual percentage yields (APY) for the current dividend period. The dividend rate and annual percentage yields may change every month as determined by the Credit Union Board of Directors.

Account Type Rate APY
Checking Plus Account 0.05% 0.05%

Dividends on this account will be compounded daily and credited monthly. You must maintain a $1,000 minimum daily balance to earn the stated APY. For more information regarding fees that may apply to this account, please refer to the Account Information Disclosure.

Money Market Accounts

These are the prospective dividend rates on your accounts and the anticipated annual percentage yields (APY) for the current dividend period. The dividend rate and annual percentage yields may change every month as determined by the Credit Union Board of Directors.

Account Type Rate APY
Money Market Account* 0.10% 0.10%
Market Rate IRA** 0.10% 0.10%
Smart-Saver Money Market*** 0.15% 0.15%
Smart-Saver Money Market IRA**** 0.15% 0.15%
Investor's Choice Account***** 0.25% 0.25%
Investor's Choice IRA Account****** 0.25% 0.25%

*You must maintain a $1,000 minimum daily balance to earn the stated APY. Dividends on this account are compounded daily and credited monthly. For more information regarding fees that may apply to this account, please refer to the Account Information Disclosure.

**Dividends on this account are compounded daily and credited monthly. Withdrawals from this account are governed by Internal Revenue Service (IRS) regulations. Market Rate IRAs may be opened as traditional, Roth or Coverdell Education Savings Accounts. For more information regarding fees that may apply to this account, please refer to the Account Information Disclosure.

***You must maintain a $10,000 minimum daily balance to earn the stated APY. Dividends on these accounts are compounded daily and credited monthly. For more information regarding fees that may apply to this account, please refer to the Account Information Disclosure.

****You must maintain a $10,000 minimum daily balance to earn the stated APY. Dividends on these accounts are compounded daily and credited monthly. Withdrawals from the Smart-Saver Money Market IRA are governed by Internal Revenue Service (IRS) regulations. Smart-Saver Money Market IRAs may be opened as traditional or Roth IRAs. For more information regarding fees that may apply to this account, please refer to the Account Information Disclosure.

*****You must maintain a $25,000 minimum daily balance to earn the stated APY. Dividends on these accounts are compounded daily and credited monthly. For more information regarding fees that may apply to this account, please refer to the Account Information Disclosure.

******You must maintain a $25,000 minimum daily balance to earn the stated APY. Dividends on these accounts are compounded daily and credited monthly. Withdrawals from the Investor's Choice IRA Account are governed by Internal Revenue Service (IRS) regulations. Investor's Choice IRA Accounts may be opened as traditional or Roth IRAs. For more information regarding fees that may apply to this account, please refer to the Account Information Disclosure.

 

Share Certificates

These are dividend rates and annual percentage yields. (For purposes of this disclosure, these rates and APYs are offered through 11/20/18. Please call (708) 649-6410 to obtain current rate information.) You will be paid these rates for the terms specified below.

Account Type Rate APY
6 Month Certificate/IRA Certificate 0.51% 0.51%
12 Month Certificate/IRA Certificate 0.84% 0.84%
30 Month Certificate/IRA Certificate 1.31% 1.32%
60 Month Certificate/IRA Certificate 1.99% 2.01%

You must maintain a $1,000 minimum daily balance to earn the stated APY. Dividends on these accounts are compounded and credited monthly. Early withdrawals are subject to a dividend penalty. Withdrawals from IRA certificates are governed by Internal Revenue Service (IRS) regulations. IRA certificates may be opened as traditional or Roth IRAs. For more information regarding fees that may apply to this account, please refer to the Account Information Disclosure.

Your savings are federally insured by the National Credit Union Administration, a U.S. Government agency.