Deposit Rates

Dividend Rates Effective February 1, 2019

	Rate %	APY %	Minimum Balance & Limitations
Basic Savings (Regular Shares) $0.01 - $4,999.99 $5,000 – Above	0.10 0.1499	0.10 0.15	$5 minimum balance
Kasasa Saver1 Qualifying1 $0.01 - $25,000 $25,000.01 - Above Non-Qualifying1  $0.01 - Above	0.6989 0.1499   0.10	0.70 0.15   0.10	Requires Kasasa Cash or Cash Back Checking Monthly Qualifications Apply to Kasasa Checking See Kasasa Saver Account Disclosure Requires e-statements
Super Saver Savings $0.01 - $7,500 $7,500.01 – Above	0.747 0.399	0.75 0.40	$5 minimum balance Primary Member Age 0 to 12
Super Powers Savings $0.01 - $7,500 $7,500.01 - Above	0.747 0.399	0.75 0.40	$5 minimum balance Primary Member Age 13 to 17
Student Services Savings $0.01 - $7,500 $7,500.01 – Above	0.747 0.399	0.75 0.40	$5 minimum balance Primary Member Age 18 to 22
Holiday Club3	0.30	0.30	$0 minimum balance One annual withdrawal Early withdrawal penalty
Vacation Club	0.10	0.10	$0 minimum balance One quarterly withdrawal Excessive withdrawal penalty
Home Buyer Club $0.01 - $4,999.99 $5,000 – Above	0.10 0.1499	0.10 0.15	$50 minimum balance Early withdrawal penalty
Kasasa Cash Checking2 Qualifying2 $0.01 - $10,000.00 $10,000.01 - Above Non-Qualifying2 $0.01 - Above	3.203 0.1499   0.10	3.25 0.15   0.10	$0 minimum balance Monthly Qualifications Apply See Kasasa Checking Account Disclosure Requires e-statements
Money Market $0.01 - $10,000 $10,000.01 - $25,000 $25,000.01 - $50,000 $50,000.01 - Above	0.1499 0.1998 0.2996 0.3993	0.15 0.20 0.30 0.40	$3,000 minimum balance Up to 6 withdrawals per month with no fee Monthly fee when balance falls below $3,000
Plus Money Market $25,000 - Above	0.5984	0.60	$25,000 minimum balance Up to 6 withdrawals per month with no fee No interest paid when balance falls below $25,000
Superior Money Market $100,00 - $200,000 $200,000.01 - Above	2.231 1.244	2.25 1.25	$100,000 minimum balance Up to 6 withdrawals per month with no fee No interest paid when balance falls below $100,000
IRA Savings $0.01 - $10,000 $10,000.01 – Above	0.499 0.747	0.50 0.75	$0 minimum balance
Market Rate IRA	0.995	1.00	$0 minimum balance

¹ Kasasa Saver requires a linked Kasasa Cash or Cash Back Checking Account. Kasasa Saver Account Disclosure and Qualifications.

² Kasasa Cash Checking Account Disclosure and Qualifications.

³Home Buyer Club Early Withdrawal Penalty: An early withdrawal penalty will be charged for a withdrawal prior to making a Home Purchase. The penalty we may impose will equal up to 365 days interest the account has been credited. If the account has been open less than 365 days, the penalty we impose will equal all interest credited. In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires the waiver of the early withdrawal penalty.

Certificates $1,000 - $10,000 Effective November 5, 2018

Term	Rate	APY	Penalty
3 months	0.250	0.25	90 days
6 months	0.499	0.50	90 days
12 months	2.477	2.50	90 days
Save to Win®1 12 months	2.477	2.50	1st $25 2nd closure
24 months	2.722	2.75	90 days
28 months2	2.722	2.75	180 days
36 months	2.722	2.75	180 days
38 months2	2.722	2.75	180 days
60 months	2.722	2.75	180 days

¹ Save to Win Official Rules

² Bump Rate Certificate. During the term of the certificate, member may request an increase to the current advertised rate of the equivalent bump rate certificate.

Certificates $10,000.01 - $99,999.99 Effective November 5, 2018

Term	Rate	APY	Penalty
3 months	0.748	0.75	90 days
6 months	0.996	1.00	90 days
9 months (new money only)1	1.739	1.75	90 days
12 months	2.477	2.50	90 days
24 months	2.722	2.75	90 days
28 Months2	2.722	2.75	180 days
36 months	2.722	2.75	180 days
38 months2	2.722	2.75	180 days
60 months	2.722	2.75	180 days

¹ 9 month Certificate. 100% of the funds must be new money not previously on deposit with ESCU for 60 days.

² Bump Rate Certificate. During the term of the certificate, member may request an increase to the current advertised rate of the equivalent bump rate certificate.

Jumbo Certificates $100,000+ Effective November 5, 2018

Term	Rate	APY	Penalty
12 months	2.722	2.75	90 days
24 months	2.966	3.00	90 days
36 months	2.966	3.00	180 days
60 months	2.966	3.00	180 days

Jumbo Monthly Certificates $100,000+ Effective November 5, 2018

Term	Rate	APY	Penalty
12 months	2.622	2.65	90 days
24 months	2.866	2.90	90 days
36 months	2.866	2.90	180 days
60 months	2.866	2.90	180 days

IRA Certificates $1,000 - $10,000 Effective August 1, 2018

Term	Rate	APY	Penalty
3 months	0.499	0.50	90 days
6 months	0.748	0.75	90 days
12 months	1.244	1.25	90 days
24 months	1.739	1.75	90 days
28 months	1.739	1.75	180 days
36 months	1.985	2.00	180 days
38 months	1.985	2.00	180 days
60 months	2.231	2.25	180 days

IRA Certificates $10,000+ Effective August 1, 2018

Term	Rate	APY	Penalty
3 months	0.996	1.00	90 days
6 months	1.244	1.25	90 days
12 months	1.739	1.75	90 days
24 months	2.231	2.25	90 days
28 months	2.231	2.25	180 days
36 months	2.477	2.50	180 days
38 months	2.477	2.50	180 days
60 months	2.722	2.75	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 above Deposit Rate Charts.

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

Certificate 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 Certificate type and term. The rate will be equal to the rate the credit union pays on new Certificates at the time that they are issued with maturities and terms similar to the Certificate being surrendered, as determined by the credit union.

Save to Win Certificate Early Withdrawal Penalty: See Fee Schedule and Save to Win Official Rules

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

Deposit Insurance

Electro Savings Credit Union is federally insured through the National Credit Union Share Insurance Fund (NCUSIF), an arm of the National Credit Union Administration. Learn more about this level of coverage for personal accounts.

Business and Municipal Deposit Accounts at Electro Savings are insured through a combination of federal insurance provided by the National Credit Union Administration (NCUA) and private insurance from Excess Share Insurance Corporation (ESI). Learn more about this level of coverage for business and municipal accounts.