savings

Your funds are federally insured at Virginia Educators Credit Union. The following deposit product information is applicable to your VECU account as of the effective date shown below.

Savings (Prime Share) Account
Rates effective: January 26, 2017

Apple
Members*
Apple Plus
Members**
Apple Platinum
Members***
Dividend Rate 0.00% 0%-0.10% 0%-0.20%
Annual Percentage Yield (APY) 0.00% 0%-0.10% 0%-0.20%
Compounded/ Credited Quarterly Quarterly Quarterly
Minimum Avg. Daily Balance to Earn APY $200.00 $200.00 $200.00

Note: Youth Savings Accounts (for members 22 and younger) will earn Apple Plus Member dividend rates on account balances of $4,999.99 or less. Youth Savings Accounts will earn Apple Platinum Member dividend rates on account balances of $5,000.00 or greater. The minimum average daily balance to earn APY is not required
on youth accounts.

Club Account (Holiday, Vacation, Summer Reserve, All Purpose)
Rates effective: January 26, 2017

Apple
Members*
Apple Plus
Members**
Apple Platinum
Members***
Dividend Rate 0.00% 0%-0.10% 0%-0.20%
Annual Percentage Yield (APY) 0.00% 0%-0.10% 0%-0.20%
Compounded/ Credited Quarterly Quarterly Quarterly
Minimum Avg. Daily Balance to Earn APY $200.00 $200.00 $200.00

 

Checking (Share Draft) Account
Rates effective: January 26, 2017

Apple
Members*
Apple Plus
Members**
Apple Platinum
Members***
Dividend Rate 0.00% 0.00% 0%-0.10%
Annual Percentage Yield (APY) 0.00% 0.00% 0%-0.10%
Compounded/ Credited Quarterly Quarterly Quarterly
Minimum Avg. Daily Balance to Earn APY $2,500.00 $2,500.00 $2,500.00

 

IRA Savings (Share) Account
Rates effective: January 26, 2017

Apple
Members*
Apple Plus
Members**
Apple Platinum
Members***
Dividend Rate 0%-0.25% 0%-0.25% 0%-0.25%
Annual Percentage Yield (APY) 0%-0.25% 0%-0.25% 0%-0.25%
Compounded/ Credited Quarterly Quarterly Quarterly
Minimum Avg. Daily Balance to Earn APY $100.00 $100.00 $100.00

 

Rates are accurate and effective as of the date indicated above. The dividend rates and annual percentage yields are the prospective rates and yields that the credit union anticipates paying for the applicable period. Dividend rates and annual percentage yields are subject to change without notice. Fees may reduce earning. If you have any questions or require current rate information, please feel free to Contact Us.

*Apple Members must maintain a $5.00 minimum balance in their savings (prime share) account in order to receive the Apple Member dividend rate.
**Apple Plus Members must meet one of the following qualifications to receive the Apple Plus Member dividend rate: checking account with direct deposit; credit card limit between $2,500.00 – $9,999.99 with direct deposit; loan balance between $2,500.00 –$9,999.99 with direct deposit; account assets total between $5,000.00 – $9,999.99.
***Apple Platinum Members must meet one of the following qualifications to receive the Apple Platinum Member dividend rate: credit card limit of $10,000.00 or greater with direct deposit; loan balance of $10,000.00 or greater with direct deposit; account assets total of $10,000.00 or greater.

Virginia Educators Credit Union