Savings & CD Rates


Office hours from 8 a.m. to 3 p.m. Monday thru Friday
Office located on the 4th floor of the Dulles State Office Building
317 Washington Street, Watertown, New York 13601
Phone (315)785-2400/Fax (315)785-2459/E-mail scsefcu@scsefcu.net /ART (Audio Response Teller) Local 785-2423 or Toll Free (866)826-4ART

TERM SHARE CERTIFICATES (TSC)
The last time the Board of Directors changed the rate was at its board meeting on 11/29/06

6 MONTH CERTIFICATE
Dividend Rate - 4.84% Annual Percentage Yield - 4.95%
1 YEAR CERTIFICATE
Dividend Rate - 4.90% Annual Percentage Yield - 5.01%

Special rules concerning the compounding and crediting of dividends: Dividends will be compounded monthly and credited monthly, based on the actual daily balance in your term share certificate account.

Special rules concerning the minimum balance for a certificate: You must deposit $1,000 and maintain that balance in order to earn dividends in a term share certificate account.

Dividends which have been credited to your TSC account may be withdrawn at any time, without penalty, but the APY disclosed above is based on the assumption that all dividends will remain in the TSC account until maturity. A withdrawal prior to maturity will reduce earnings and your APY, therefore, will be lower than the disclosed yield.

Dividend rates will be reviewed at least monthly at the Board of Directors meeting. See your account disclosure for more information about your account.

SAVINGS ACCOUNT INTEREST RATES
The last time the Board of Directors changed the rate was at its board meeting on 6/12/06

Account Balance Interest Rate Earned
Under $5.00 No Dividends
$5.00 to $4,999.99 1.50%
$5,000 to $9,999.99 1.60%
$10,000 to $19,999 1.70%
$20,000 and over 1.80%

 

This Credit Union is Federally insured by the National Credit Union Administration
Home last updated 11/29/06