Back To Top Skip to Content

Savings, Checking & Investment Rates

Savings, checking and investment rates updated December 4, 2024.

Share Certificate (Certificate of Deposit) & IRA Certificates

ACCOUNT NAME TERM REQUIRED MINIMUM INVESTMENT DIVIDENDS PAY & COMPOUND APY*
Mini-Jumbo 91 days $20,000.00 Monthly 1.00%
Mini-Jumbo 6 months $20,000.00 Monthly 3.50%
Mini-Jumbo 9 months $20,000.00 Monthly 3.75%
Short Term Certificate 91 days $1,000.00 Monthly 1.00%
Short Term Certificate 182 days $1,000.00 Monthly 3.50%
Short Term Certificate 9 months $1,000.00 Monthly 3.75%
12 Month Certificate 1 year and over $1,000.00 Quarterly 4.30%
18 Month Certificate 18 months and over $1,000.00 Quarterly 4.15%
2 Year Certificate 2 years and over $1,000.00 Quarterly 3.85%
30 Month Certificate 30 months and over $1,000.00 Quarterly 3.60%
3 Year Certificate 3 years and over $1,000.00 Quarterly 3.50%
4 Year Certificate 4 years and over $1,000.00 Quarterly 3.40%
5 Year Certificate 5 years $1,000.00 Quarterly 3.35%
1 Year IRA Certificate 1 year and over $1,000.00 Quarterly 4.35%
18 Month IRA Certificate 18 months and over $1,000.00 Quarterly 4.20%
2 Year IRA Certificate 2 years and over $1,000.00 Quarterly 3.90%
3 Year IRA Certificate 3 years and over $1,000.00 Quarterly 3.55%
4 Year IRA Certificate 4 years and over $1,000.00 Quarterly 3.45%
5 Year IRA Certificate 5 years $1,000.00 Quarterly 3.40%

*APY = Annual Percentage Yield 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 Conveniences 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.

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.

Checking Accounts

ACCOUNT TYPE APPLICABLE BALANCE RANGE APY* DIVIDEND COMPOUNDING METHOD DIVIDENDS PAID
Check Plus Checking $750.00 to $4,999.99 0.05% Monthly Monthly
Check Plus Checking $5,000.00 to $19,999.99 0.05% Monthly Monthly
Check Plus Checking $20,000.00 and up 0.05% Monthly Monthly
Regular Checking $500.00 and up** 0.05% Quarterly Quarterly
Choice Business Checking $15,000.00 and up 0.05% Monthly Monthly

*APY = Annual Percentage Yield

** 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.

Savings, Money Market and Depository IRA Rates

ACCOUNT TYPE APPLICABLE BALANCE RANGE APY* DIVIDEND CALCULATION METHOD WHEN DIVIDENDS ARE PAID
Regular Share (Savings) Account $100.00 to $499.99** 0.20% Quarterly Quarterly
Regular Share (Savings) Account $500.00 to $1,499.99** 0.25% Quarterly Quarterly
Regular Share (Savings) Account $1,500.00 and up** 0.30% Quarterly Quarterly
Money Market Account $2,000.00 to $49,999.99 0.60% Daily Monthly
Money Market Account $50,000.00 to $89,999.99 0.75% Daily Monthly
Money Market Account $90,000.00 to $199,999.99 0.85% Daily Monthly
Money Market Account $200,000.00 and up 0.90% Daily Monthly
Traditional IRA Savings (see IRA certificate rates below) under $2,000.00 0.30% Daily Quarterly
Traditional IRA Savings (see IRA certificate rates below) $2,000.00 to $9,999.99 0.40% Daily Quarterly
Traditional IRA Savings (see IRA certificate rates below) $10,000.00 to $49,999.99 0.45% Daily Quarterly
Traditional IRA Savings (see IRA certificate rates below) $50,000.00 and up 0.50% Daily Quarterly
Roth IRA Savings (see IRA certificate rates below) under $2,000.00 0.30% Daily Quarterly
Roth IRA Savings (see IRA certificate rates below) $2,000.00 to $9,999.99 0.40% Daily Quarterly
Roth IRA Savings (see IRA certificate rates below) $10,000.00 to $49,999.99 0.45% Daily Quarterly
Roth IRA Savings (see IRA certificate rates below) $50,000.00 and up 0.50% Daily Quarterly

*APY = Annual Percentage Yield

** 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.

Jumbo Share Certificates

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).

ACCOUNT NAME TERM REQUIRED MINIMUM INVESTMENT DIVIDENDS & COMPOUND APY*
3 Month Jumbo 3 months $90,000 Monthly 1.00%
6 Month Jumbo 6 months $90,000 Monthly 3.50%
1 Year Jumbo 1 year $90,000 Monthly 4.30%

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.