Electro Savings Credit Union stands ready to help members affected by the recent flooding in the St. Louis area. We want to assure you that we are here to work with our members by offering solutions they need.  Please check out Flood Relief Assistance for more.

Maryland Heights

1805 Craigshire Road
Maryland Heights, MO 63146

Wildwood

16500 Manchester Road
Wildwood, MO 63040

Manchester (Lafayette Center)

407 Lafayette Center Road
Manchester, MO 63011

South County (Tesson Ferry)

12400 Tesson Ferry Road
St. Louis, MO 63128

CU Service Centers No-Fee ATMs

Deposit Rates

  Dividend Rate
Effective May 1, 2017
APY Minimum Balance & Limitations

Basic Savings (Regular Shares)

$0.01 - $4,999.99

$5,000 – Above

 


.10

.1998

 


.10

.20

$5 minimum balance

Super Saver Savings

$0.01 - $7,500

$7,500.01 – Above

 

.747

.3993

 

.75

.40

$5 minimum balance

Primary Member Age 0 to 12

Super Powers Savings

$0.01 - $7,500

$7,500.01 - Above

 

.747

.3993

 

.75

.40

$5 minimum balance

Primary Member Age 13 to 17

Student Services Savings

$0.01 - $7,500

$7,500.01 – Above

 

.747

.3993

 

.75

.40

$5 minimum balance

Primary Member Age 18 to 22 

Holiday Club Savings .4989 .50

$0 minimum balance

One annual withdrawal

Early withdrawal penalty

Vacation Club Savings .10 .10

$0 minimum balance

One quarterly withdrawal

Excessive withdrawal penalty

YES Money Market

$0.01 - $10,000

$10,000.01 - $25,000

$25,000.01 - $50,000

$50,000.01 - Above

 

.1998

.2497

.2996

.3993

 

.20

.25

.30

.40

 

$3,000 minimum balance

Up to 3 withdrawals per month with no fee

Monthly fee when balance falls below $3,000

YES Plus Money Market

$25,000 - Above

 

.4989

 

.50

$25,000 minimum balance

Up to 3 withdrawals per month with no fee

No interest paid when balance falls below $25,000

Requires Rewards Checking and E-statements

IRA Savings

$0.01 - $10,000

$10,000.01 – Above

 

.747

.996

 

.75

1.00

$0 minimum balance
Market Rate IRA 1.224 1.25

$0 minimum balance

Requires Interest Checking and E-statements

Certificates of Deposit $1,000 = $10,000 Effective Aug 12, 2016


Term
Rate APY Penalty
3 months .10 .10 90 days
6 months .30 .30 90 days
12 months .499 .50 90 days
24 months .499 .50 90 days
28 months .499 .50 180 days
36 months .748 .75 180 days
38 months .748 .75 180 days
60 months .996 1.00 180 days

Certificates of Deposit $10,000.01 - $99,999.99 Effective Aug 12, 2016


Term
Rate APY Penalty
3 months .20 .20 90 days
6 months .399 .40 90 days
12 months .748 .75 90 days
24 months .748 .75 90 days
28 months .748 .75 180 days
36 months .996 1.00 180 days
38 months .996 1.00 180 days
60 months 1.244 1.25 180 days

Jumbo Certificates of Deposit $100,000+ Effective Aug 12, 2016


Term
Rate APY Penalty
12 months .996 1.00 90 days
24 months .996 1.00 90 days
36 months 1.244 1.25 180 days
60 months 1.492 1.50 180 days

Jumbo Monthly Certificates of Deposit $100,000+ Effective Aug 12, 2016


Term
Rate APY Penalty
12 months 1.096 1.096 90 days
24 months 1.096 1.096 90 days
36 months 1.344 1.344 180 days
60 months 1.592 1.592 180 days

IRA Certificates of Deposit $1,000 - $10,000 Effective Aug 12, 2016


Term
Rate APY  Penalty
3 months .35 .35 90 days
6 months .549 .55 90 days
12 months .748 .75 90 days
24 months .748 .75 90 days
28 months .748 .75 180 days
36 months .996 1.00 180 days
38 months .996 1.00 180 days
60 months 1.244 1.25 180 days

IRA Certificates of Deposit $10,000+ Effective Aug 12, 2016


Term
Rate APY Penalty
3 months .449 .45 90 days
6 months .648 .65 90 days
12 months .996 1.00 90 days
24 months .996 1.00 90 days
28 months .996 1.00 180 days
36 months 1.244 1.25 180 days
38 months 1.244 1.25 180 days
60 months 1.492 1.50 180 days

Rate Information: The Dividend Rate and Annual Percentage Yield (APY) for these types of accounts are reflected on the Deposit Rates Chart above. Rates are approved by the credit union board of directors and may change at our discretion and without notice.

Annual Percentage Yield (APY): The APY is based on re-investment of dividends back to principal of the account.

Balance Computation Method: Dividends are calculated by the average daily balance method, which applies a periodic rate to the average daily balance in the account for that period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing the figure by the number of days in the period. The period used is the calendar month.

Nature of Dividends: Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The Dividend Rate and APY are the prospective rates and yields that Electro Savings Credit Union anticipates paying for the applicable dividend period. Posted dividends are not guarantees of future rates.

Compounding and Crediting: Dividends will be compounded and credited monthly.

Account Closure: If the account is closed prior to accrued dividends being credited for the month, you will forfeit those dividends.

Accrual of Dividends: Dividends will begin to accrue on both cash and non-cash deposits (e.g. checks) the day of your deposit.

Minimum Balance to Open and Earn Stated APY: See Deposit Rate Charts.

Account Limitations: See Deposit Rate Charts.

CD Renewals: CDs will automatically renew for the same term at the Rate in effect for that term on the date of renewal. CD may be withdrawn within 10 calendar days after renewal without penalty.

CD Early Withdrawal Penalty: An early withdrawal penalty is assessed if deposit is withdrawn before its maturity date except within 10 calendar days after it has been automatically renewed. The dividends rate used to determine the penalty will be the rate then in effect at the credit union at the time of the early withdrawal for that same CD type and term. The rate will be equal to the rate the credit union pays on new CDs at the time that they are issued with maturities and terms similar to the CD being surrendered, as determined by the credit union.

Jumbo Monthly CD Dividends: Monthly CD dividends must be transferred to an Electro Savings Checking, Money Market or Basic Savings Account. Dividends on Jumbo CDs does not compound.

Federally insured by the National Credit Union Administration (NCUA) up to $250,000