Rates

Savings and Investment Rates

** Account must remain open throughout the quarter to earn dividends for quarter. APY shown is most recent paid (prior quarter) and may not be effective this quarter or in the future. Share dividends are declared at the end of the dividend period.

*** Account must remain open until maturity to earn dividends for year. APY shown is most recent paid (prior quarter) and may not be effective this quarter or in the future. Share dividends are declared at the end of the dividend period.




Remember, members of our Elite Rewards may be eligible for certificate rate bonuses of 0.10% to 0.20% over the rates shown above. See our Products and Services section about becoming a member of the Elite Rewards for members age 50 and older.

Note: Elite Rewards rates do not apply to certificate promotion.


Jumbo Share Certificates are available for minimum investments of $90,000.00 and up. Terms vary from 91 days to 180 days to 365 days and dividends are paid to the investor on a monthly basis (no compounding). Rates are quoted on a daily basis and must be obtained from the Credit Union directly. Call (512) 469-7000 or toll-free at (800) 933-2029 during business hours for a Jumbo Certificate quote, or send us an e-mail request for a quote (see link at bottom of this page).



** Account must remain open throughout the quarter to earn dividends for quarter. Rate shown is the most recent paid (last quarter) and may not be effective for this or future quarters. Regular checking account dividends are declared at the end of each quarter.

FREE Checking - that's what our Totally FREE Checking account is all about!


Participants in the City of Austin’s Deferred Compensation Program may elect to invest funds in the Velocity Credit Union Option as one of their available investment options.This fund offers a money market-type rate that is set on a quarterly basis. Deposits made in this option by Velocity Credit Union members are federally insured to $100,000.00 by the NCUA, a U. S. Government Agency. The Velocity Credit Union Option is the only federally insured fund available in the Deferred Compensation Plan. For information on how to participate in the City of Austin’s Deferred Compensation Program or the Velocity Credit Union Option, contact Great West/Benefits Corp. at (512) 457-9240 or 1-877-613-6189.



Note: Participation in the deferred compensation plan is available only to City of Austin employees or former emp loyees who began participation during their employment.

Disclosure: Dividends are based on Credit Union earnings and cannot be guaranteed. The Dividend Rate and Annual Percentage Yield for each account offered by the Credit Union are effective as of the effective date indicated on this schedule. For Savings and Checking, the Rate and Yield may change. Account fees may reduce earnings. For Certificate Accounts, there is a substantial penalty for early withdrawal of principal. Velocity Credit Union is federally insured by the National Credit Union Administration.

*APY = Annual Percentage Yield