Savings Rates
Regular Shares
| APY* | APR** |
|---|---|
| 0.05% | 0.05% |
*APY = Annual Percentage Yield. **APR = Annual Percentage Rate. For Share Savings Accounts including special purpose accounts such as Christmas Club and Vacation Club accounts, dividends will be paid on a minimum balance of $25.00. For Scottie Savers and Under Eighteen accounts, dividends will be paid on a $5.00 minimum balance. Specific dividends are listed above.
Money Market Checking Account
| Balance | APY* | APR** |
|---|---|---|
| $2,500 to $29,999.99 | 0.50% | 0.50% |
| $30,000 - $50,000 | 0.75% | 0.75% |
| Over $50,000 | 1.00% | 1.00% |
*APY = Annual Percentage Yield. **APR = Annual Percentage Rate. The new tiered rate schedule for Money Market Accounts is listed above. Did you know your Money Market Account can work like an interest-bearing checking account? You can deposit savings into your BACU Money Market Account and earn a great interest rate. Then, you can also write checks from funds in your Money Market Account. You’ll earn a great interest rate and have the convenience of check writing too! The minimum balance is $2,500. No dividends are paid if the balance falls below a $2,500 balance.
IRA Accounts and IRA Certificates
| APY* | Details |
|---|---|
| 0.10% | Effective January 1, 2021, Paying 0.10% APY, paid quarterly, on IRA Share accounts. IRA certificates pay the same rates as our regular certificates. |
*APY = Annual Percentage Yield.
Certificate Rates
| Maturity | APY / APR* |
|---|---|
| 3 month | 0.50% |
| 6 month | 0.75% |
| 12 month | 1.40% |
| 18 month | 1.45% |
| 24 month | 1.50% |
| 36 month | 1.75% |
| 48 month | 1.75% |
| 60 month | 1.85% |
*Annual Percentage Yield and Annual Percentage Rate are the same since dividends do not compound. $500.00 minimum required to open any certificate. Certificate rates effective as of date listed at top of page. Rates can change at any time without prior notice.