Down East Credit Union
 

Deposit Rates

Accurate as of Jan 2, 2017

Share certificate calculator

Standard Deposit Rates

(For Business Deposit Rates, click here.)

Type Minimum Balance Requirements Term Dividend APY*

*APY = Annual Percentage Yield

**Money Market Account balances less than $2,500.00 earn no dividends.

Minimum Share Savings Balance is $5.00

Share Certificate Early Withdrawal Penalty: If the certificate funds other than dividends are withdrawn before the maturity date, there will be a substantial penalty. For certificates with a term of one year or more the penalty is forfeiture of six months dividends; for terms less than one year the forfeiture is one-half of the term dividends whether earned or not. The forfeiture is calculated on the simple interest rate being paid on the certificate regardless of how long the funds withdrawn have remained in the account. The principal amount upon which the forfeiture is calculated is the amount of the initial certificate.

Share Savings $5 minimum n/a 0.05% 0.05%
Money Market $2,500** to $24,999 n/a 0.25% 0.25%
Money Market $25,000 to $49,999 n/a 0.25% 0.25%
Money Market $50,000 to $74,999 n/a 0.25% 0.25%
Money Market $75,000 to $99,999 n/a 0.25% 0.25%
Money Market $100,000 to $149,999 n/a 1.00% 1.00%
Money Market $150,000 to $199,999 n/a 1.00% 1.00%
Money Market $200,000 & up n/a 1.00% 1.00%
Share Draft - Secure No minimum balance n/a 0.05% 0.05%
IRA No minimum balance n/a 0.10% 0.10%
IRA Certificate ~ SPECIAL $500 minimum 5 month 1.00% 1.00%
IRA Certificate $500 minimum 6 month 0.10% 0.10%
IRA Certificate $500 minimum 1 year 0.15% 0.15%
IRA Certificate $500 minimum 2 year 0.40% 0.40%
IRA Certificate $500 minimum 3 year 0.60% 0.60%
IRA Certificate $500 minimum 4 year 1.00% 1.00%
IRA Certificate $500 minimum 5 year 1.34% 1.35%
Share Certificate ~ SPECIAL $500 minimum 5 month 1.00% 1.00%
Share Certificate $500 minimum 6 month 0.10% 0.10%
Share Certificate $500 minimum 1 year 0.15% 0.15%
Share Certificate $500 minimum 2 year 0.40% 0.40%
Share Certificate $500 minimum 3 year 0.60% 0.60%
Share Certificate $500 minimum 4 year 1.00% 1.00%
Share Certificate $500 minimum 5 year 1.34% 1.35%
Clubs n/a n/a 0.05% 0.05%
Sow & Grow Certificate $10 minimum 1 year 0.15% 0.15%
Sow & Grow Certificate $10 minimum 2 year 0.40% 0.40%

Business Deposit Rates

Type Minimum Balance Requirements Term Dividend APY*

*APY = Annual Percentage Yield

Commercial Share Draft $0 to $2,499 n/a 0.00% 0.00%
Commercial Share Draft $2,500 to $24,999 n/a 0.05% 0.05%
Commercial Share Draft $25,000 to $49,999 n/a 0.05% 0.05%
Commercial Share Draft $50,000 to $74,999 n/a 0.05% 0.05%
Commercial Share Draft $75,000 to $99,999 n/a 0.05% 0.05%
Commercial Share Draft $100,000 to $149,999 n/a 0.05% 0.05%
Commercial Share Draft $150,000 to $199,999 n/a 0.05% 0.05%
Commercial Share Draft $200,000 & up n/a 0.05% 0.05%
Money Management $0 to $2,499 n/a 0.00% 0.00%
Money Management $2,500 to $24,999 n/a 0.00% 0.00%
Money Management $25,000 to $49,999 n/a 0.10% 0.10%
Money Management $50,000 to $74,999 n/a 0.10% 0.10%
Money Management $75,000 to $99,999 n/a 0.10% 0.10%
Money Management $100,000 to $149,999 n/a 0.10% 0.10%
Money Management $150,000 to $199,999 n/a 0.10% 0.10%
Money Management $200,000 & up n/a 0.10% 0.10%

Calculator

Share Certificate Calculator
This calculator will compute the future value of your certificate of deposit.
Instructions: Enter the first four terms, then click the 'Compute' button.
Enter the deposit amount ($):
Enter the annual interest rate (%):
Enter the number of months (#):
Compounding interval:
Stop here and click "compute":
Future value:
Interest earned:
Annual percentage yield (APY):
This calculator is solely intended to provide general estimates, not final or binding future value or interest totals.
 

Down East Credit Union ~ 1-800-427-1223 ~ www.DOWNEASTCU.com

 
NCUA and Equal Housing Lender

Down East Credit Union is a Maine Credit Union Serving Washington, Waldo, Hancock, Penobscot, Lincoln,
Kennebec, Sagadahoc, and Knox Counties, and the towns of Brunswick and Harpswell in Cumberland County.
Branch offices are located in Baileyville, Machias, Belfast, Unity, Bangor, Calais, Richmond, and Topsham.

Copyright © 2007-2017 Down East Credit Union | Website by Barnstormer Design Group