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Deposit Rates

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Savings Rates

Share Savings Accounts | Effective Date: May 20, 2020

Account Balance Amount Dividend Rate* APY**
You Name it Savings $100+ 0.349% 0.35%
Youth  Savings  $5+ 0.349% 0.35%
Accumulative IRA $5+ 0.030% 0.03%


Premier Savings for New Members | Effective Date: May 20, 2020

Account Balance Amount Dividend Rate* APY**
Premier Savings*** Up to $5,000 2.469% 2.50%
Premier Savings*** $5,001 - $10,000 1.489%     1.50%
Premier Savings*** $10,001- $50,000 0.995%     1.00%
Premier Savings*** $50,001+ 0.499% 0.50%

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Fee Schedule

†For Accumulative IRA, Dividend Rate and APY are the same as Regular Savings (discontinued product), with the exception that dividends are earned starting at $5.00 instead of $100.00. For Youth Savings Dividend Rate and APY are the same as You Name It Savings, with the exception that dividends are earned starting at $5.00 instead of $100.00. Variable rate account. Rates may change after the account is opened. Fees may reduce earnings.

*Variable rate accounts. Rates may change at any time after the account is opened. 

**APY is Annual Percentage Yield. Fees may reduce earnings, APY is calculated on the minimum average daily balance in the account each month. 

***Premier Savings account is available for new members to Meriwest Credit Union only and must be opened within 30 days of membership account opening. Variable rate account. Rates may change after the account is opened. Fees may reduce earnings. For example, an account with an average daily balance of $100,000 will earn 2.50% APY on balances up to $5,000, 1.50% APY on balances between $5,001 and $10,000, 1.00% APY on balances between $10,001 and $50,000, and 0.50% APY on the remaining balance in excess of $50,000. $100 minimum required to earn dividends.

Checking Rates

Consumer Checking (Share Draft) Accounts | Effective Date: May 20, 2020

Account Balance Amount Dividend Rate* APY**
Smart REWARDS Checking $100 - $15,000 1.980% 2.00%
Smart REWARDS Checking Over $15,000+ 0.10% 0.10%

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Fee Schedule

*Members must meet the following criteria each month to qualify for the REWARDS: 1)10 posted and cleared debit card transactions per month (PIN or Signature based, not including ATM transactions); 2) Establish direct deposit ($1,000 total minimum per month); 3) E-Documents enrollment (receive monthly e-statements and account notices electronically). Dividends earned will be calculated and ATM Surcharge Rebates will be refunded based on prior month end data.

**APY is Annual Percentage Yield. Variable rate account. Rates may change at any time after account is opened. The minimum balance to open the account is $20, and the minimum average daily balance to earn the stated APY is $100. Balances $15,000 and under earn 2.00% APY as long as monthly criteria* is met. The remaining balance over $15,000 earns 0.10% APY. If the monthly criteria* is not met, the entire balance earns 0.01% APY. Fees may reduce earnings.

Money Market Rates

Consumer Money Market Accounts | Effective Date: May 20, 2020

Minimum Balance Dividend Rate APY*
Money Market* $2,500 0.050%    0.05%
Money Market* $50,000  0.100%    1.10%
Money Market* $250,000  0.150%    1.15%
Account Minimum Balance Dividend Rate APY*
High Yield Money Market** $10,000  1.292%    1.30%

Discontinued Rates


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Fee Schedule

*Variable rate account. Rates may change after the account is opened. Fees may reduce earnings. Closed if balance is zero at month end.

**Must have Checking with Direct Deposit (at least one deposit of $500 minimum per month into the checking account); otherwise, rate earned is 0.90% APY (0.896% Dividend Rate). Variable rate account. Rates may change after the account is opened. Fees may reduce earnings. Closed if balance is zero at month end. APY accurate as of 04/01/2020. Variable rate account, rate may change after account is opened. The minimum balance to open the account is $10,000 and you must maintain an average daily balance of $10,000 or more to earn the stated APY. Account must be opened with new money balances only, balances transferred from an existing Meriwest Credit Union account do not qualify as new money. Fees may reduce earnings. Unlimited deposits and up to six preauthorized, automatic, telephonic, or online transfers or withdrawals per month.

Membership is required with a one-time non-refundable $5 fee.

 

Certificate Rates

Certificate Accounts Effective Date: May 20, 2020

Account Minimum Balance Dividend Rate APY*
8 Month Liquid and IRA Liquid Share Certificates1 $10,000  0.698%    0.70%

 

Account Minimum Balance Dividend Rate APY*
6-Month Certificate2 $1,000 0.548% 0.55%
12-Month Certificate2 $1,000 0.797% 0.80%
24-Month Certificate2 $1,000 0.995% 1.00%
36- Month Certificate2 $1,000 1.094% 1.10%

Discontinued Rates


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Fee Schedule

Penalty may be imposed for early withdrawal.

*APY is Annual Percentage Yield. Fees may reduce earnings, APY is calculated on the minimum average daily balance in the account each month.

1. The minimum balance to open the account and earn the stated APY is $10,000. Up to six (6) withdrawals and unlimited deposits allowed per month. The minimum amount to deposit or withdrawal is $500 as long as the balance does not fall below the $10,000 minimum balance, otherwise the account will be closed. Penalty will apply for early account closure.

2. The minimum balance to open the accounts and earn the stated APY is $1,000. Penalty will apply for early withdrawal.