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Deposit Rates

Dividends (APY-Annual Percentage Yield).

Deposit Rates

Share Accounts
Effective Date: Effective January 01, 2019
Compound Frequency: Quarterly
Share Account
Suffix ID
Type IDMinimum Balance
Required to Earn
Share S000-S009 00 $250.00 0.10%
Draft (Checking) S010-S019 10 $0.00 0.00%
IRA S020-S029 20 $250.00 0.10%
Christmas Club S061 61 $100.00 0.10%
Club S062-S069 62 $100.00 0.10%

Share Certificate
Effective Date: (Effective January 01, 2019)
Compound Frequency: Quarterly
Minimum Balance to Earn Dividends: $1,000
Suffix ID
Type IDTerm
S070-S089 70 6 0.60%
S070-S089 71 12 1.00%
S070-S089 72 24 1.50%

IRA Share Certificate
Effective Date: (Effective January 01, 2019)
Compound Frequency: Quarterly
Minimum Balance Required to Earn Dividends: $1,000
Suffix ID
S090-S099 90 6 0.60%
  91 12 1.00%
  92 24 1.50%

*APY=Annual Percentage Yield

  • Dividend rates are subject to change without notice.
  • Anticipated dividend rates are quoted as Annual Percentage Rates (APR) with the resulting Annual Percentage Yield (APY).
  • Dividends are declared by the AB&W Credit Union's Board of Directors during the last month of the quarter for that quarter and are based upon the net earnings of AB&W Credit Union.
  • Dividends are calculated on the average daily balance in your account during the quarter being calculated.  The average daily balance is increased the day you make a deposit and is decreased the day you make a withdrawal.
  • Dividends are compounded and credited to your account quarterly on March 31st, June 30th, September 30th and December 31st.
  • Accrued dividends will not be paid if the account is closed prior to the end of the quarterly dividend period.
  • There are four quarterly dividend periods during a calendar year which are:
    • January 1st through March 31st
    • April 1st through June 30th
    • July 1st through September 30th
    • October 1st through December 31st

Fees & Charges

There will be a One dollar ($1.00) charge for each time a transfer is made to a Share Draft (checking) account from any other account when the purpose is to cover an overdraft.

When an item is deposited to your account and is returned for any reason, there will be a Twenty dollar ($20.00) charge.

When mail is returned because you did not notify the Credit Union of a change of address there will be a Five dollar ($5.00) mail charge.

If a Share draft (checking) account is overdrawn there will be a Twenty Five dollar ($25.00) charge. An additional Ten dollar ($10.00) charge will be made when the draft (check) is returned. Therefore, a total charge of Thirty five ($35.00) will be imposed.

Christmas Club Accounts are available for the purpose of saving for the expense of Christmas and will automatically be transferred to your Share Account on November 1st of each calendar year. A Twenty dollar ($20.00) charge will be made for each withdrawal other than the automatic transfer on November 1st.

A SUBSTANTIAL PENALTY IS IMPOSED if Share Certificate funds other than dividends are withdrawn before the maturity date. Then penalty is the amount of dividends since the date of issuance or renewal, or 90 days dividend, whichever is the lesser amount.

Share Certificates will automatically renew on the date of maturity unless you advise otherwise. There is NO grace period, after your certificate has renewed, to make withdrawals without penalty.

Please ask for our "SCHEDULE OF FEES AND CHARGES" for any other charges that may apply.

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