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2% 60-month Certificate

 

Certificate / IRA Certificate Rates

Rates effective January 2, 2015; subject to change.

 Term

Minimum Balance

Dividend
% Rate
w/ Checking**

Annual
% Yield
w/ Checking**

Dividend
% Rate
w/o Checking

Annual
% Yield
w/o Checking 

 SPECIAL
60-month

$1,000
1.985 2.00 Checking w/ Direct Deposit required
Checking w/ Direct Deposit required

 48-month

$1,000
$50,000
$100,000

1.145
1.244
1.343

1.15
1.25
1.35
0.648
0.748
0.847
0.65
0.75
0.85

36-month
(IRA only)

$1,000
$50,000
$100,000

 1.046
1.145
1.244
1.05
1.15
1.25
0.549
0.648
0.748
0.55
0.65
0.75

 24-month

$1,000
$50,000
$100,000
0.798
0.897
0.996
0.80
0.90
1.00

0.300
0.399
0.499

0.30
0.40
0.50

 18-month

$1,000
$50,000
$100,000
0.698
0.798
0.897
0.70
0.80
0.90
0.200
0.300
0.399
0.20
0.30
0.40

SPECIAL
16-month

$1,000 0.996 1.00 Checking w/ Direct Deposit required Checking w/ Direct Deposit required

 12-month

$1,000
$50,000
$100,000
0.499
0.599
0.698
0.50
0.60
0.70

0.250
0.350
0.449

0.25
0.35
0.45

 6-month

$1,000
$50,000
$100,000
0.399
0.499
0.599
0.40
0.50
0.60
0.150
0.250
0.350
0.15
0.25
0.35


6 month term not available on IRA certificates. Penalty may be imposed for withdrawals made before maturity from all Certificates. The Dividend Rate and Annual Percentage Yield are the prospective rates and yields Altra anticipates paying for the applicable dividend period. Contact Altra for additional account disclosure information. For Business Rates visit the Business Rate Page.

**APY­ Annual Percentage Yield-based on checking with direct deposit. Rate will revert to "No Checking" APY shown if no direct deposit during a cycle. Penalty for early withdrawals will equal 90 days dividends for terms 12-months and lower, 180 days dividends for terms over 12-months, and 365 days dividends for the 60 month special certificate. Please contact Altra for complete details.

Savings federally insured by NCUA to $250,000 with IRA Savings insured separately for an additional $250,000. Based on account ownership, you may be eligible for more insurance coverage on your savings.

Life Happens - 36 month Certificate

 

Rates effective January 2, 2015; subject to change

Minimum Balance

Dividend %
Rate

Annual % Yield
(APY)

$1,000 1.244 1.25

*APY-Annual Percentage Yield based on checking with direct deposit. Minimum $1,000 balance. No penalty for withdrawals one time per year up to 25% of the balance. Penalty for early withdrawals more than once a year or greater than 25% will equal 365 days dividends. This product is a single maturity account and will not renew automatically. Contact Altra for details.

 

First Time Homebuyers' Certificate

 

Rates effective January 2, 2015; subject to change

Minimum Balance

Dividend %
Rate

Annual % Yield
(APY)

$1,000-$25,000
$25,001 & over
2.967
0.798
3.00
0.80


 First Time Homebuyers' Certificate Terms & Conditions


*APY­- Annual Percentage Yield-based on having a checking account with direct deposit. Balances over $25,000 will be at the 24-month certificate rate, See Consumer Rate sheet. Penalty may be imposed for early withdrawal of certificate, unless mortgage is with Altra. $1,000 to open certificate, Member may add funds at anytime. Federally insured by NCUA. Equal Housing Lender.

 

NEW Youth Certificates

Rates effective January 2, 2015; subject to change

New
Certificate


Minimum Balance

Dividend %
Rate

Annual % Yield
(APY)

 Grow Up
$100 3.930 4.00
 Graduation $100 4.890 5.00


Grow Up Certificate Terms & Conditions

Graduation Certificate Terms & Conditions



*One Grow Up Youth Certificate per Altra member, member must be age 0-12. Penalty of 100% of earned dividends will be imposed for withdrawal before child’s 13th birthday. Certificate must  be in the child’s name and can be added to at any time up to the limit of $2000.  ₂One Graduation Youth Certificate per Altra member, member must be age 13-17. Penalty of 100% of earned dividends will be imposed for withdrawal before child’s 18th birthday. Certificate can only be in the child’s name and can be added to at any time up to the limit of $2000. Federally insured by NCUA up to $250,000; IRA savings insured separately to an additional $250,000. Contact Altra for complete details. Additional Youth Certificates that earn Altra’s published Certificate rates can be set up under the Uniform Transfer to Minors Act (UTMA) with no maximum.


 

Youth/Student Certificate

Rates effective January 2, 2015; subject to change.

Available for members ages 0-17. $250 minimum balance. Certificate can be added to at any time; Youth Certificates receives same rates and terms as $1,000 minimum balance Certificates.