Official Credit Union of UMass Athletics

Official Credit Union of UMass Athletics

Dividend Rates

Rates subject to change at any time. Dividend Rates Effective as of June 22, 2017.

Savings Accounts *

Product Minimum Balance Dividend Rate Annual Percentage Yield
Share Savings $0 - $1,500 0.10% 0.10%
Share Savings $1,501 - $5,000 0.10% 0.10%
Share Savings $5,001 and over 0.10% 0.10%
Holiday Club Balances Over $5 0.10% 0.10%

Checking Accounts *

Product Minimum Balance Dividend Rate Annual Percentage Yield
Co-op Advantage Checking** For qualifying accounts on balances up to $15,000 1.93% 1.95%
Co-op Advantage Checking** For qualifying accounts on balances over $15,000 0.25% 0.25%
Co-op Advantage Checking** If qualifications are not met 0.10% 0.10%
Free Checking No minimum balance 0.00% 0.00%
Interest Bearing Checking Balances over $500 0.25% 0.25%
 

Money Fund Accounts *Ψ

Product Minimum Balance Dividend Rate Annual Percentage Yield
Tier 1 $0 - $9,999 0.10% 0.10%
Tier 2 $10,000 - $24,999 0.15% 0.15%
Tier 3 $25,000 - $49,999 0.20% 0.20%
Tier 4 $50,000 and over 0.30% 0.30%

Term Share Certificates §

Product Minimum Balance Dividend Rate Annual Percentage Yield
90 Day $500 minimum 0.20% 0.20%
6 Month $500 minimum 0.45% 0.45%
9 Month $500 minimum 0.50% 0.50%
12 Month $500 minimum 0.65% 0.65%
15 Month $500 minimum 0.75% 0.75%
18 Month $500 minimum 0.80% 0.80%
22 Month $500 minimum 0.85% 0.85%
24 Month $500 minimum 0.90% 0.90%
29 Month $500 minimum 1.05% 1.05%
36 Month $500 minimum 1.25% 1.26%
48 Month $500 minimum 1.50% 1.51%
60 Month $500 minimum 1.75% 1.76%

IRA Savings and Coverdell Education

Product Minimum Balance Dividend Rate Annual Percentage Yield
IRA Share Account Balances over $100 0.10% 0.10%
90 Day Fixed Balances over $500 0.20% 0.20%
6 Month Fixed Balances over $500 0.45% 0.45%
9 Month Fixed Balances over $500 0.50% 0.50%
12 Month Fixed Balances over $500 0.65% 0.65%
15 Month Fixed Balances over $500 0.75% 0.75%
18 Month Fixed Balances over $500 0.80% 0.80%
22 Month Fixed Balances over $500 0.85% 0.85%
24 Month Fixed Balances over $500 0.90% 0.90%
29 Month Fixed Balances over $500 1.05% 1.06%
36 Month Fixed Balances over $500 1.25% 1.26%
48 Month Fixed Balances over $500 1.50% 1.51%
60 Month Fixed Balances over $500 1.75% 1.76%

*Rates subject to change at any time.

**ATM fee refunds up to $25 per cycle (calendar month) if all reward rate requirements are met. Reward rate 1.95% Annual Percentage Yield (APY) paid on balances between one penny and $15,000, and 0.25% APY paid on all amounts above $15,000 each qualification cycle (calendar month) if the minimum requirements are met. If you do not meet the requirements per cycle, your account will still function as a free checking account earning Base Rate 0.10% APY; however, it will not receive ATM refunds for that cycle period. We may change the rate and APY at any time after the account has been opened. No Minimum Balance to maintain account. You must establish credit union membership with a Share Savings Account balance of at least $5. Available to Personal Accounts only. No monthly service charge. Free Online Bill Pay.

ψ A $10 service charge will be applied if MFSA balance drops below $2,500 at any time during the month.

§ Term Share Certificate rates are subject to change weekly. Term Share Certificates with a term of less than 1 year have no compounding interest. The rate is in effect for the term of the Term Share Certificate at the time of purchase. A penalty will be imposed for early withdrawal of Term Share Certificate principal.

Fees associated with certain products may reduce earnings.

There are penalties for early withdrawal on certificates:

Certificates less than or = 1 year - 3 months interest
Certificates more than 1 year - 6 months interest