Rates, Fees, Terms & Disclosures
Loan Rates
Deposit Rates
Fee Schedules
Terms
Deposit Rates And Disclosures
certificates
| TYPE AND TERM | MINIMUM BALANCE TO EARN APY3 | DIVIDEND RATE | ANNUAL PERCENTAGE YIELD | |
| 3 Months | $500 | 0.15% | 0.15% |
|
| 6 Months | $500 | 0.25% | 0.25% |
|
| 9 Months | $500 | 2.91% | 2.95% |
|
| 12 Months | $500 | 0.35% | 0.35% |
|
| 18 Months | $500 | 0.35% | 0.35% |
|
| 24 Months | $500 | 0.45% | 0.45% |
|
| 22-Month Special* | $5000 | 4.31% | 4.40% |
|
| 36 Months | $500 | 4.41% | 4.50% |
|
| 15-Month Special* | $5000 | 4.12% | 4.20% |
|
| 48 Months | $500 | 0.60% | 0.60% |
|
| 60 Months | $500 | 0.70% | 0.70% |
|
| 6-Month Certificate Plus | $250 | 0.15% | 0.15% |
|
| 12-Month Certificate Plus | $250 | 0.30% | 0.30% |
|
| 18-Month Certificate Plus | $250 | 0.30% | 0.30% |
|
| 24-Month Certificate Plus | $250 | 0.40% | 0.40% |
|
1,2Certificates may have penalty for early withdrawal. Fees may reduce earnings on the account.
3APY is Annual Percentage Yield.
*APY is Annual Percentage Yield. Rates accurate as of 12/9/2022. Early withdrawal penalties apply. Minimum balance to earn APY is $5,000. Minimum $5,000 new money to Summit Credit Union may be required.
money-market-max
| Minimum Balance to Earn APY1 | Dividend Rate | APY | |
| $1,000,000 | 3.06% | 3.10% |
|
| $500,000 | 2.81% | 2.85% |
|
| $250,000 | 2.57% | 2.60% |
|
| $150,000 | 1.74% | 1.75% |
|
| $75,000 | 1.34% | 1.35% |
|
1APY is Annual Percentage Yield. Minimum balance to open account is $75,000. Fees may reduce earnings on the account. Dividend Rates may change at any time.
INTRO RATE ULTIMATE MONEY MARKET SPECIAL
SCHEDULE APPOINTMENT3.00%
apy2
Balances of $50,000 or more2.96%
intro rate until June 30,20232
Balances of $50,000 or more2 APY is Annual Percentage Yield. Offer expires March 31, 2023. Minimum $25,000 new money to Summit Credit Union required. After June 30, 2023, the rate will revert to the current posted rates on our Ultimate Money Market account. Example given is based on $50,000. The exact APY you earn after the first year may differ depending on your balance and the rate paid on the Ultimate Money Market account after your first year, which is subject to change periodically. Fees may reduce earnings on account. The current tiers and ongoing rates on Ultimate Money Market account as of January 3, 2023 are $200,000+ 1.49% APY, $150,000-$199,999 1.39% APY, $100,000- $149,999 1.39% APY, $75,000-$99,999 1.29% APY, $50,000-$74,999 0.40% APY, $0-$49,999 0.00% APY. Minimum to open Ultimate Money Market account is $50,000. Advertised introductory rate is available on new Ultimate Money Market accounts only. The introductory rate may not be applied to funds from another Summit Credit Union account.
Ultimate-money-market-account
Ultimate Money Market Account Rates
Rates Effective February 9, 2023
| Minimum Balance to Earn APY1 | Dividend Rate | APY1 | |
| $200,000 | 1.48% | 1.49% |
|
| $150,000 | 1.38% | 1.39% |
|
| $100,000 | 1.38% | 1.39% |
|
| $75,000 | 1.28% | 1.29% |
|
| $50,000 | 0.40% | 0.40% |
|
| $0 | 0.00% | 0.00% |
|
1APY is Annual Percentage Yield. Minimum balance to open account is $50,000. Fees may reduce earnings on the account. Dividend Rates may change at any time.
money-market-plus-account
Money Market Plus Account Rates
Rates Effective February 9, 2023
| Minimum Balance to Earn APY2 | Dividend Rate | APY1 | |
| $100,000 | 0.23% | 0.23% |
|
| $50,000 | 0.20% | 0.20% |
|
| $25,000 | 0.18% | 0.18% |
|
| $10,000 | 0.17% | 0.17% |
|
| $2,500 | 0.14% | 0.14% |
|
| $0 | 0.12% | 0.12% |
|
1APY is Annual Percentage Yield. Rate Information: The dividend rate and annual percentage yield may change at any time as determined by credit union management.
2Minimum Balance Requirements: The minimum balance to open this account is $2,500. Please contact SCU for other terms and conditions of these accounts. Fees may reduce earnings on the account.
ira-savings-rates
| Type and Term2 | Minimum Balance to Earn APY1 | Dividend Rate | Annual Percentage Yield | |
| IRA Savings | $25 | 0.10% | 0.10% |
|
1APY is Annual Percentage Yield. Rate Information: The dividend rate and annual percentage yield may change at any time as determined by credit union management.
2Minimum Balance Requirements: The minimum balance to open this account is $25.00. You must maintain a minimum daily balance of $25 in your account to obtain the disclosed annual percentage yield. Please contact SCU for other terms and conditions of these accounts. Fees may reduce earnings on the account.
checking
| Type and Term2 | Minimum Balance to Earn APY1 | Dividend Rate | Annual Percentage Yield | |
| Ultimate Checking | $2,500 | 0.05% | 0.05% |
|
| Dividend Checking | $25 | 0.03% | 0.03% |
|
1APY is Annual Percentage Yield. Rate Information: The dividend rate and annual percentage yield may change at any time as determined by credit union management.
2Please contact SCU for other terms and conditions of these accounts. Fees may reduce earnings on the account.
business-dividend-checking-account
| Minimum Balance to Earn APY1 | Dividend Rate | APY1 | |
| $2,500 | 0.03% | 0.03% |
|
1APY is Annual Percentage Yield. Please contact SCU for other terms and conditions of these accounts. Fees may reduce earnings on the account.
| TYPE AND TERM3 | MINIMUM BALANCE TO EARN APY1 | DIVIDEND RATE | ANNUAL PERCENTAGE YIELD | |
| Savings2 | $25 | 0.03% | 0.03% |
|
| 2nd Savings | $25 | 0.03% | 0.03% |
|
| Holiday Savings | $25 | 0.03% | 0.03% |
|
1APY is Annual Percentage Yield. Rate Information: The dividend rate and annual percentage yield may change at any time as determined by credit union management.
2Minimum Balance Requirements: The minimum balance to open this account is $5.00. You must maintain a minimum daily balance of $25 in your account to obtain the disclosed annual percentage yield.
3Please contact SCU for other terms and conditions of these accounts. Fees may reduce earnings on the account.
gosave
| Minimum Balance to Earn APY2 | Dividend Rate | APY1 | |
| $10,000 | 0.03% | 0.03% |
|
| $1,000 | 0.05% | 0.05% |
|
| $25 | 0.07% | 0.07% |
|
Allows one free withdrawal per month. Monthly automatic deposit required.
1APY is Annual Percentage Yield. Rate Information: The dividend rate and annual percentage yield may change at any time as determined by credit union management.
2Minimum Balance Requirements for GoSave Account: The minimum balance to open this account is $100. Please contact SCU for other terms and conditions of these accounts. Fees may reduce earnings on the account.
health-savings
| Minimum Balance to Earn APY | Dividend Rate | APY1 | |
| $0 | 0.05% | 0.05% |
|
| $2,500 | 0.07% | 0.07% |
|
| $5,000 | 0.09% | 0.09% |
|
| $10,000 | 0.10% | 0.10% |
|
1APY is Annual Percentage Yield. Rate Information: The dividend rate and annual percentage yield may change at any time as determined by credit union management.
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