Savings & Investment Rates

Share/Savings Dividend Rate APY* Term
Share Accounts 0.050 0.050 n/a
Share Draft Accounts — — – 0.000 0.000 n/a
Christmas Club Acct 0.050 0.050 n/a
Mad Money Accounts 0.050 0.050 n/a
Certificates Dividend Rate APY* Term
Certificate — 6 Months* / Minimum Deposit – $500 0.10 0.100 6
Certificate — 12 Months*/ Minimum Deposit – $1,000 0.20 0.200 12
Certificate — 18 Months*/ Minimum Deposit – $1,000 0.25 0.250 18
Certificate — 25 Months*/ Minimum Deposit – $1,000 0.30 0.300 25
Certificate-36 Months/ Minimum Deposit – $1,000 0.35 0.350 36
IRA Share Account 0.10 0.100 n/a
IRA — 18 Month Certificate 0.25 0.250 18
Money Market Account** / Minimum Deposit – $1,000 0.10 0.100

Rate Information Effective: August 25, 2020

All savings and investment rates subject to change without notice at any time.

* No early withdrawal penalty | ** Limit of 3 withdrawals per month

Substantial penalty for early withdrawal otherwise

APY refers to annual percentage yield and is subject to change at the discretion of Horizon Credit Union with the exception of the share account which is determined by the credit union board of directors.  APY assumes dividends will remain on deposit until maturity.  APY is an annual calculation based on 365 days (366 days in a leap year).  A penalty will be imposed for early withdrawal on 36 Month Share Certificates.  There are no early withdrawal penalties on 6 Month – 25 Month Share Certificates.  Fees or withdrawals may reduce earnings.  APY can change after account opening for variable rate accounts such as Money Market Accounts.  The APY shown for all non-term share accounts is accurate as of the last dividend declaration date.  Dividends are accrued daily and paid monthly on 6 month Share Certificates. Dividends are accrued daily and paid quarterly on 12, 18, 25, and 36 month Share Certificates.