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Deposit Account Rates

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Effective as of December 24, 2020

Rates for certificates of deposit & individual retirement accounts (IRAs)

 

TERM $1,000-$24,999.99 APY* $25,000 & OVER APY*
3 months (CD only) 0.15% 0.25%

6 months
Open Online

 0.20% 0.30%
9 months 0.25% 0.35%
10 months 0.30% 0.40%
11 months 0.40% 0.50%

12 months
Open Online

 0.45% 0.55%
13 months 0.45% 0.55%
15 months 0.50% 0.60%
15 months Access** (CD only) 0.50% $10,000 min to open (new money)
16 months 0.50% 0.60%
17 months 0.50% 0.60%

18 months

 0.50% 0.60%
19 months 0.55% 0.65%
20 months 0.60%  0.70%
22 months 0.65%  0.75%
24 months
Open Online		 0.65%  0.75%
27 months 0.65% 0.75%
30 months 0.75% 0.85%
36 months 0.80% 0.90%
48 months
Open Online		 0.80% 0.90%
60 months
Open Online		 0.80% 0.90%

Variable Rate Individual Retirement Accounts
18 month Variable*** 0.55% 0.65%

 

*The Annual Percentage Yield (APY) is based on quarterly compounding. Unless otherwise noted, you must maintain a minimum balance of $1,000 to open the account and obtain the APY. Penalty for early withdrawal, which may reduce earnings.

**The Access CD offers a guaranteed annual percentage yield with the flexibility of penalty free withdrawals. Withdrawals made during the 6 days after opening or 6 days after each subsequent withdrawal will be assessed a penalty, which may reduce earnings. Requires $10,000 minimum to open

***Variable Rate IRA rate is subject to change after the account is opened. No minimum balance required to open account or obtain APY.

 

 

Effective as of October 8, 2020

Checking account rates

Simply Free Plus checking

$1000 minimum to open
(when activity requirements met)** 
Balance Interest Rate APY*
$0.01 to $100,000 0.70% 0.70%
Over $100,000 0.10% 0.10%

 

Simply Free Plus checking

$1000 minimum to open
(when activity requirements not met)**
Balance Interest Rate APY*
$0.01 or more 0.05% 0.05%

 

Simply Free Platinum checking
Balance Interest Rate APY*
$100 to $4,999.99 0.05% 0.05%
$5,000 to $9,999.99 0.05% 0.05%
$10,000 to $24,999.99 0.05% 0.05%
$25,000 and over 0.05% 0.05%

You must maintain a daily minimum balance of $100 to obtain the APY.

*The Annual Percentage Yield (APY) is based on monthly compounding. Rates subject to change at any time. Special restrictions may apply. Minimum opening balance is $1000 unless noted otherwise. Fees may reduce earnings.

**Statement cycle activity requirements: 12 debit card purchases posted (excludes ATM transactions), receive e-Statements via online banking (requires ongoing valid email address), access online banking, direct deposit posted.

Effective as of October 8, 2020

Money market and savings rates

Value Edge Money Market Account

$10,000 minimum to open
Balance Interest Rate APY*
Less than $10,000 0.05% 0.05%
$10,000 to $49,999.99 0.10% 0.10%
$50,000 to $249,999.99 0.15% 0.15%
$250,000 to $499,999.99 0.20% 0.20%
$500,000 and over 0.20% 0.20%

 

Union Money Fund

$50 minimum to open
Balance Interest Rate APY*
$2,500 to $4,999.99 0.05% 0.05%
$5,000 to $24,999.99 0.05% 0.05%
$25,000 to $49,999.99 0.10% 0.10%
$50,000 to $99,999.99 0.15% 0.15%
$100,000 and over 0.15% 0.15%
You must maintain a daily minimum balance of $2,500 to obtain the APY.

 

Simply Savings account

$25 minimum to open
Balance Interest Rate APY*
$0.01 or more 0.05% 0.05%

 

Simply Savings Student account

$25 minimum to open
Balance Interest Rate APY*
$0.01 or more 0.20% 0.20%

 

*The Annual Percentage Yield (APY) is based on monthly compounding. Rates subject to change at any time. Special restrictions may apply. Fees may reduce earnings.

Effective as of October 8, 2020

Health savings account rates

Balance Interest Rate APY*
Less than $2,500 0.05% 0.05%
$2,500 to $9,999.99 0.10% 0.10%
$10,000 to $24,999.99 0.20% 0.20%
$25,000 and over 0.40% 0.40%

*The Annual Percentage Yield (APY) is based on monthly compounding. Rates subject to change at any time. Special restrictions may apply. Fees may reduce earnings.