View Liberty Bay Credit Union’s rates on various accounts: Checking & Savings, Money Markets, and more.

Rates effective as of October 5, 2020. All dividend rates are subject to change at any time.

Checking Accounts

Minimum to OpenMinimum to EarnDividend RateAPY*
FREE Benefits Checking 1None$5.000.05%0.05%
Premier Checking 1,2$500$5.00 - $1000.00 1.98% 2.00%
$1001.000.05%0.05%

1 Variable rate accounts; rates can change after the account is opened. Dividends are compounded daily and paid monthly.

2 A dividend rate of 1.98% will be paid on your daily balance up to $1,000.00. The Annual Percentage Yield (APY) for this tier will be 2.00%. A dividend rate of .05% will be paid on any daily balance over $1,000.00. The APY will then range from 2.00% to .05% depending upon the total account balance. One premier checking account per membership. Funds earn dividends from the first business day of deposit. Fees or other conditions may reduce earnings on this account.

Savings Accounts

Minimum to OpenMinimum to EarnDividend RateAPY*
Club Accounts 2$1.00$5.000.10%0.10%
Traditional Savings1$5.00$5.000.10%0.10%

1 Variable rate accounts; rates can change after the account is opened. Dividends are compounded daily and paid monthly.

2 Credit union membership is required. Variable rate accounts; rates can change after the account is opened. Maximum deposit amount is $10,000. Dividends earned on Club accounts are compounded daily and paid at maturity. Funds must remain on deposit for entire year. Early withdrawal before Club account matures results in closing of Club account and forfeiture of all dividends earned. Club funds will be automatically transferred to member’s Traditional Savings (Share) Account at maturity.

Money Market Accounts

Minimum to OpenMinimum to EarnDividend RateAPY*
Traditional Money Market 1$2,500.00$5.000.10%0.10%
$2,500.000.20%0.20%
Premier Money Market 1$2,500.00$2,500.010.20%0.20%
$25,000.010.30%0.30%
$100,000.010.50%0.50%

1 Money Market accounts are variable rate accounts; rates can change after the account is opened. If your balance drops below $2,500, you will earn the dividend rate on our Traditional Savings Account. Dividends are compounded daily and paid monthly.

All dividend rates are subject to change at any time. Interest is compounded daily/payable monthly on Money Market Accounts, Checking Accounts, and Savings accounts. Club accounts earn a simple interest.

Certificates of Deposit (CDs)

TermMinimum to Open and EarnDividend RateAPY*
3 Month$1,000.000.25%0.25%
6 Month$1,000.000.35%0.35%
12 Month$1,000.000.50%0.50%
18 Month$1,000.000.55%0.55%
24 Month$500.000.70%0.70%
30 Month$500.000.75%0.75%
36 Month$500.000.85%0.85%
48 Month$500.000.90%0.90%
60 Month$500.001.00%1.00%

The rates on certificates of deposit are guaranteed for the term of the certificate, and dividends are compounded daily and paid monthly. Early withdrawals of principal are subject to a substantial penalty.

Other Certificates - $10,000.00 minimum to open

TermMinimum to Open and EarnDividend RateAPY*
5 Month 1$10,000.00 New Money0.40%0.40%
11 Month 1 $10,000.000.65%0.65%
15 Month Bump-Up 1,2 $10,000.000.80%0.80%

1 The rates on certificates of deposit are guaranteed for the term of the certificate, and dividends are compounded daily and paid monthly. Early withdrawals of principal are subject to a substantial penalty.

2 Bump-Up rate change is based upon the WSJ published Federal Funds rate change. In the event of a published rate increase, existing 15-month CD holders have the opportunity to request a one-time matching rate increase of up to 0.25%. This new rate will remain in effect through the remainder of the existing CD term. Option to increase rate and APY one time during the initial term requires you contact the Credit Union directly to redeem the feature prior to initial maturity date. It may take up to 2 business days for rate change to become effective upon request. A 180 day interest penalty will be imposed for early withdrawals. Fees may reduce earnings.

The rate at opening will be paid until the certificate maturity date unless you invoke the Bump-Up option as explained above. APY assumes principal and interest remains on deposit for the term of the certificate. Advertised rate and APY are offered at the Credit Union’s discretion and may change at any time. Minimum deposit of $10,000.00 is required to open this CD. At maturity, CD automatically renews at the then current market rate for the same term and will no longer offer the bump up feature. In the event the same term is not offered, CD will automatically renew into the closest term greater than the existing term.

IRA Certificates

TermMinimum to Open and EarnDividend RateAPY*
12 Month$1,000.000.50%0.50%
18 Month$1,000.000.55%0.55%
24 Month$500.000.70%0.70%
36 Month$500.000.85%0.85%
48 Month$500.000.90%0.90%
60 Month$500.001.00%1.00%

IRA Certificate of Deposit includes traditional and Roth options

IRA Money Market Accounts

Minimum to OpenMinimum to EarnDividend RateAPY*
IRA Money Market$500.00$5.000.10%0.10%
$500.000.20%0.20%

IRA MM include traditional, Roth, and educational IRA options

All dividend rates are subject to change at any time. Interest is compounded daily/payable monthly on IRA accounts, and CDs (certificates of deposit). There is a substantial penalty for early withdrawal of principal from CDs (certificates of deposit).

 

 

*APY = Annual Percentage Yield; Rates are subject to change at any time. Early withdrawals on term accounts may result in a three or six month interest penalty.