Rates as of November 4, 2015 , subject to change without notice. Deposits are federally insured to at least $250,000 by the NCUA. For more information on share insurance, click here.
|Term||Minimum deposit||Dividend Rate||APY*|
|IRA Savings Account||$250.00||0.17%||0.17%|
IRA accounts are established weekly at a rate determined by the EFCU Board of Directors. Dividends will begin to accrue on the business day you make the deposit to your account. Dividends are calculated by the Daily Balance method which applies a daily periodic rate to the principal in the account each day. Dividends are paid monthly. You may elect to have your dividends compound or paid to your savings account. We may impose a penalty if you withdraw any of the principal before the maturity date. Fees could reduce the earnings on the account.
*APY - Annual Percentage Yield