Current Rate Schedule
Effective: July 1 - September 30, 2008
Regular and Special Share Accounts
Dividends are compounded quarterly and calculated based on the
Average Daily Balance method.
The following rates are applicable to a share savings account at the UDEL Federal Credit Union.
The Credit Union may offer other rates for these accounts from time to time.
Dividends
| Account Balance |
Dividend Rate |
Annual Percentage Yield |
| $50.00 - $4,999.99 |
0.75% |
0.75% |
| $5,000 and above |
1.25% |
1.25% |
- Dividends compounded quarterly
- Dividends credited quarterly
- Dividend period quarterly
- Minimum opening deposit $5.00
- Balance method: Average Daily Balance
Share Certificate Accounts
The following rates are applicable to a share certificate account at the UDEL Federal Credit Union.
The Credit Union may offer other rates and terms from time to time.
Dividends
| Minimum Investment |
Term |
Dividend Rate |
Annual Percentage Yield |
| $1,000 |
12 month |
2.25% |
2.25% |
| $5,000 |
6 month |
2.50% |
2.50% |
| $5,000 |
12 month |
2.75% |
2.75% |
- Dividends compounded at maturity
- Dividends credited at maturity
- Dividend period is the term of the certificate
- Additional deposits are not allowed
- Partial withdrawals are not allowed; penalties apply to full withdrawals made before the maturity date.
- Accounts are renewable upon notification.
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