SELCCU  

School Employees Lorain County Credit Union, Inc.

 
Growing together since 1958
   
 

 
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  Savings Rates

Effective Date: March 10, 2010

  

All rates are subject to change without notice.

For further information about applicable fees
and terms, please call
440-324-3400 or 800-451-6315.

 

 
Savings

A.P.Y.

Rate

Maturity

Minimum
Deposit

Compounding

Share, Escrow

0.50%

0.50%

N/A

$5

Quarterly

  
 
Clubs

A.P.Y.

Rate

Maturity

Minimum
Deposit

Compounding

Vacation, Christmas

0.50%

0.50%

N/A

$5

Quarterly

  
 
Checking ■ ♣

A.P.Y.

Rate

Maturity

Minimum
Deposit

Compounding

All Checking Accounts

0.25%

0.25%

N/A

$25

Monthly

  
 
Money Market Investment Account ■ ♠
Money Market Investment Accounts have no maturity
           
Regular MMIA $2,500-$24,999

$25,000-$49,999

$50,000+
M3 MMIA $250-$24,999 $25,000-$49,999 $50,000+
  A.P.Y. Dividend Rate A.P.Y. Dividend Rate A.P.Y. Dividend Rate
  0.50% 0.50% 0.60% 0.60% 0.70% 0.70%
  
 
  IRAs

A.P.Y.

Dividend Rate

Maturity

Minimum
Deposit

Compounding

Coverdell Education

1.75%

1.74%

18 mos.

$5

Quarterly

Roth, Traditional (Money Market) ♥ ♣ 0.75% 0.75% N/A $5 Quarterly
Roth, Traditional ● ♥ ♦ 1.50% 1.49% 12 mos.

$500

Quarterly
Roth, Traditional ● ♥ ♣ 1.75% 1.74% 18 mos. $5 Quarterly
  
 
Youth Add-On
Certificate

A.P.Y.

Dividend Rate

Maturity

Minimum
Deposit

Compounding

 

1.50%

1.49%

24 mos.

$250

Monthly

  
 

Certificates 
   
Prime Advantage members: add .25% to Share Certificates.
 

 

$500-
$24,999

$25,000-
$49,999

$50,000-
$74,999

$75,000-
$99,999
$100,00 +

A.P.Y.

Dividend Rate

A.P.Y.

Dividend Rate

A.P.Y.

Dividend Rate

A.P.Y. Dividend Rate A.P.Y. Dividend Rate
6 mos.

0.75%

0.75%

0.80%

0.80%

0.85%

0.85%

0.90%

0.90%

0.95%

0.95%

12 mos.

1.00%

1.00%

1.05%

1.04%

1.10%

1.09%

1.15%

1.14%

1.20%

1.20%

18 mos.

1.25%

1.24%

1.30%

1.29%

1.35%

1.34%

1.40%

1.39%

1.45%

1.44%

24 mos.

1.50%

1.49%

1.55%

1.54%

1.60%

1.59%

1.65%

1.64%

1.70%

1.69%

30 mos.

1.75%

1.74%

1.80%

1.79%

1.85%

1.83%

1.90%

1.88%

1.95%

1.93%

 
= Up to 3 month dividend penalty for early withdrawal prior to maturity
= Dividend computed on daily balance over $50
= Dividend computed on daily balance
= Variable rate, can change quarterly
= Variable rate, can changed weekly
= Fixed rate of maturity
  
Rate = Dividend Rate 
A.P.Y. = Annual Percentage Yield
Note: A.P.Y. assumes dividends remain in the account until maturity and that a withdrawal will reduce earnings.
Note: All Share Certificate dividends compound monthly.
Note: All rates are subject to change without notice.
  

National Credit Union Administration

Equal Housing Lender

ESI Share Insurance