IRA Share Certificate Accounts
Effective 7/1/2023
Share Certificate Special effective July 10, 2023
14-month Share & IRA Certificate of Deposit
5.10% APR 5.20% APY
$1,000.00 minimum
Call 804-756-5000 for more information or visit a branch to open a certificate
Offer effective 07/10/2023 and subject to change without notice. New Share or IRA Share certificates only. $1,000.00 minimum opening deposit. Does not apply to current funds on deposit in existing accounts at Connects FCU. A penalty will be imposed for early withdrawal. Additional restrictions may apply. Refer to current fee schedule . **Automatic renewal to a 12 month term at the current dividend rate in effect at the time of renewal. Connects FCU reserves the right to end or modify this offer at any time.
| IRA Share Certificate Accounts*: | Details | |
|---|---|---|
| Minimum opening balance | $1,000.00 | |
| Dividends compounded | Quarterly | |
| Dividends credited | Quarterly | |
| Dividend period | Quarterly | |
| Additional deposits | Not allowed | |
| Withdrawals | Dividends only |
| Term (%) Fixed | Dividend rate | Annual percentage yield |
|---|---|---|
| 6 month | Not applicable | Not applicable |
| 1 year | 1.95% | 1.97% |
| 2 year | 2.10% | 2.12% |
| 3 year | 2.59% | 2.62% |
* A penalty may apply for early withdrawal. After your Share Certificate Account is opened, your rate is fixed for the term.
Dividends will be forfeited if accounts are closed before dividends are posted.
