Howard University Employees Federal Credit Union
 
   

Savings Rates

Effective December 1, 2016
Subject to change quarterly

Dividend Rate
APY*
Regular Shares
Minimum balance for regular shares to
receive a dividend is $200.
0.10%
0.10%
IRAs
No minimum balance required to earn dividends.
0.10%
0.10%
Special Share Savings
No minimum balance required to earn dividends
0.10%
0.10%
Second Chance Savings
No minimum balance required to earn dividends. Funds are not accessible for a term of 1 year or at the end of the Second Chance loan term.
0.10%
0.10%
Holiday Club Savings
No minimum balance required to earn dividends. Funds are transferred to regular shares or share draft checking in October
0.10%
0.10%

*Annual Percentage Yield; Fees may reduce earnings.

Dividends at HUEFCU accrue from the date of deposit and are compounded and paid quarterly on the first day of each new quarter (January, April, July and October). The Dividend Rate and Annual Percentage Yield are fixed. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. The credit union will notify you at least thirty (30) days in advance of any dividend decrease. Dividends are forfeited if the account is closed before the dividend is paid.

 
     
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