Deposit Rates
Effective April 1, 2016
Savings & Checking Accounts
| Min. Balance to earn dividend | Dividend Rate | APY* | ||
|---|---|---|---|---|
| Regular Share Savings Account ($5.00 min. balance required) | $50.00 and up | 0.10% | 0.10% | |
| IRA Share | $0.00 | 0.35% | 0.35% | |
| Club Accounts (Holiday, Vacation, and Tax) | $0.00 | 0.10% | 0.10% | |
| Dollar Dog Kids Club | $50.00 and up | 0.10% | 0.10% | |
| Cha-Ching Teen Share Savings | $50.00 and up | 0.10% | 0.10% | |
| Share Draft Checking | $0.00 | 0.00% | 0.00% | |
| Cha-Ching Teen Checking | $0.00 | 0.00% | 0.00% | |
| Money Market Accounts | $2,500 – $9,999.99 | 0.10% | 0.10% | |
| $10,000 – $24,999.99 | 0.20% | 0.20% | ||
| $25,000 – $49,999.99 | 0.30% | 0.30% | ||
| $50,000 and up | 0.50% | 0.50% |
Dividends are accrued daily on the daily balance. The rate stated will apply to the entire balance. To be a member and maintain accounts at WGLFCU you must purchase one share in the credit union. The value of one share is $5.00.
*APY - Annual Percentage Yield. All rates subject to change without notice.
Share Certificates
| Term | Dividend Rate | APY* | ||
|---|---|---|---|---|
| Share Certificate – Min. Balance $1000 | 6 months | 0.35% | 0.35% | |
| Share Certificate - Min. Balance $1000 | 12 months | 0.75% | 0.75% | |
| Share Certificate - Min. Balance $1000 | 24 months | 0.85% | 0.85% | |
| Share Certificate - Min. Balance $1000 | 36 months | 0.95% | 0.95% | |
| Share Certificate - Min. Balance $1000 | 48 months | 1.05% | 1.06% | |
| Share Certificate - Min. Balance $1000 | 60 months | 1.25% | 1.26% |
*APY - Annual Percentage Yield. All rates subject to change without notice.
Early Redemption Penalties: Penalties are imposed for early redemption of certificates. You must provide your request in writing. If the certificate is redeemed within the first six months, all dividends will be forfeited. If after the first six months, but prior to the maturity date, the early withdrawal penalty will equal 50% of what would have been earned if the certificate had been held to maturity, not to exceed total dividends earned.
IRA Share Certificates
| Term | Dividend Rate | APY* | ||
|---|---|---|---|---|
| IRA Share Certificate - Min. Balance $1000 | 6 months | 0.60% | 0.60% | |
| IRA Share Certificate - Min. Balance $1000 | 12 months | 0.75% | 0.75% | |
| IRA Share Certificate - Min. Balance $1000 | 24 months | 1.05% | 1.06% | |
| IRA Share Certificate - Min. Balance $1000 | 36 months | 1.05% | 1.06% | |
| IRA Share Certificate - Min. Balance $1000 | 48 months | 1.25% | 1.26% | |
| IRA Share Certificate - Min. Balance $1000 | 60 months | 1.40% | 1.41% |
*APY - Annual Percentage Yield. All rates subject to change without notice.
Early Redemption Penalties: Penalties are imposed for early redemption of certificates. You must provide your request in writing. If the certificate is redeemed within the first six months, all dividends will be forfeited. If after the first six months, but prior to the maturity date, the early withdrawal penalty will equal 50% of what would have been earned if the certificate had been held to maturity, not to exceed total dividends earned.
Jumbo Share Certificates
| Term | Dividend Rate | APY* | ||
|---|---|---|---|---|
| Jumbo Share Certificate - Min. Balance $100,000 | 6 months | 0.60% | 0.60% | |
| Jumbo Share Certificate - Min. Balance $100,000 | 12 months | 1.00% | 1.00% | |
| Jumbo Share Certificate - Min. Balance $100,000 | 24 months | 1.10% | 1.11% | |
| Jumbo Share Certificate - Min. Balance $100,000 | 36 months | 1.20% | 1.21% | |
| Jumbo Share Certificate - Min. Balance $100,000 | 48 months | 1.30% | 1.31% | |
| Jumbo Share Certificate - Min. Balance $100,000 | 60 months | 1.50% | 1.51% |
*APY - Annual Percentage Yield. All rates subject to change without notice.
Early Redemption Penalties: Penalties are imposed for early redemption of certificates. You must provide your request in writing. If the certificate is redeemed within the first six months, all dividends will be forfeited. If after the first six months, but prior to the maturity date, the early withdrawal penalty will equal 50% of what would have been earned if the certificate had been held to maturity, not to exceed total dividends earned.
Jumbo IRA Share Certificates
| Term | Dividend Rate | APY* | ||
|---|---|---|---|---|
| Jumbo IRA Share Certificate - Min. Balance $100,000 | 6 months | 0.85% | 0.85% | |
| Jumbo IRA Share Certificate - Min. Balance $100,000 | 12 months | 1.00% | 1.01% | |
| Jumbo IRA Share Certificate - Min. Balance $100,000 | 24 months | 1.30% | 1.31% | |
| Jumbo IRA Share Certificate - Min. Balance $100,000 | 36 months | 1.30% | 1.31% | |
| Jumbo IRA Share Certificate - Min. Balance $100,000 | 48 months | 1.50% | 1.51% | |
| Jumbo IRA Share Certificate - Min. Balance $100,000 | 60 months | 1.65% | 1.67% |
*APY - Annual Percentage Yield. All rates subject to change without notice.
Early Redemption Penalties: Penalties are imposed for early redemption of certificates. You must provide your request in writing. If the certificate is redeemed within the first six months, all dividends will be forfeited. If after the first six months, but prior to the maturity date, the early withdrawal penalty will equal 50% of what would have been earned if the certificate had been held to maturity, not to exceed total dividends earned.
