Dividend Account
Earn dividends while supporting your credit union
What is a Dividend Account?
A dividend account is a specialized savings account that pays dividends instead of interest. It's designed for credit union members who want to earn a return on their savings while supporting the credit union's operations.
Key Features:
- Current dividend rate: 3.50% APY
- Dividends are typically paid quarterly
- Minimum balance may be required to earn dividends
- NCUA insured up to $250,000
Benefits:
- Potential for higher returns compared to traditional savings accounts
- Supports the credit union's financial stability
- Flexible access to funds
- Opportunity to participate in credit union's success
Understanding Dividend Payments
Dividend payments are based on the credit union's financial performance and are declared by the Board of Directors. Here's what you need to know:
- Dividends are typically paid quarterly
- The dividend rate may vary based on the credit union's performance
- Dividends are calculated based on your average daily balance
- You can choose to reinvest your dividends or have them paid out
Open a dividend account today and start earning while supporting your credit union!