Share Certificates
Our share certificates are available with terms from 3 months to 5 years at fixed rates. The minimum deposit for share certificates is $1,000.00 Also, we offer share certificates for children under 18 with a minimum balance of $500.00.
IRAs
At Sabattus Regional Credit Union we want to help secure your future. We offer Individual Retirement Accounts (IRA) for you to save for your retirement. Our IRA is a fixed rate and it earns a higher dividend rate than a regular savings account. The minimum opening balance for our IRA share is $25.00 or $1,000.00 for our IRA CD.
We also offer other IRA options, such as an Education IRA, a Roth IRA or a Traditional IRA.
Here are the benefits of having an IRA:
- Tax-deferred savings plan
- No annual maintenance fees.
- Payroll deduction
- High interest rate account
- May be tax deductible
- Dividends are accrued daily and compounded monthly.
Rates for Share Certificates & IRAs
|
TERM |
DIVIDEND |
ANNUAL PERCENTAGE |
| 3 Month |
2.471%
|
2.50% |
| 6 Month |
2.959%
|
3.00%
|
| 1 Year |
3.251%
|
3.30%
|
| 18 Month |
3.493%
|
3.55%
|
| 2 Year |
3.445% |
3.50% |
| 3 Year |
3.687%
|
3.75%
|
| 4 Year |
3.928%
|
4.00%
|
| 5 Year |
4.170%
|
4.25%
|
| Special |
N/A
|
N/A
|
Terms for Share Certificates & IRAs
|
DIVIDEND
PERIOD |
MINIMUM
OPENING DEPOSIT |
ADDITIONAL
DEPOSIT |
DIVIDEND
WITHDRAWAL |
RENEWABLE
|
|
| Regular Share Certificate |
Monthly
|
$1,000
|
Not Allowed
|
Allowed
|
Automatic
|
| IRA Share Certificate |
Monthly
|
$1,000
|
Not Allowed
|
Not Allowed
Unless Over 59 1/2 Years of Age |
Automatic
|
| Youth* Share Certificate |
Monthly
|
$500
|
Not Allowed
|
Allowed
|
Automatic
|
*Only available for children under the age of 18.
Rates are reviewed on a weekly basis and may change without notice.
For information on our fees and charges, please see our Fee Schedule.
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
National Credit Union Administration, a U.S. Government Agency.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
Sabattus Regional Credit Union
P.O. Box 250, 2 Middle Road, Sabattus, ME 04280
(207) 375-6538 -- 1-800-503-0434 -- Fax (207) 375-8933
srcu@SRCU4U.com
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