Best Life Money Market Rates
Rates effective January 1, 2021; subject to change.
| Minimum Balance |
Dividend Rate | APY* |
| $0,000-$24,999 | 0.10 | 0.10 |
| $25,000-$49,999 | 0.20 | 0.20 |
| $50,000-$74,999 | 0.25 | 0.25 |
| $75,000-$99,999 | 0.30 | 0.30 |
| $100,000-$149,999 | 0.40 | 0.40 |
| $150,0000 & over | 0.45 | 0.45 |
*Best Life Money Market: Annual Percentage Yield (APY) based on average daily balance. Membership eligibility required. One account per member; personal accounts only. Account balance may be added to at any time; no penalty for withdrawal. No checking or direct deposit required. Rates subject to change. Limited time offer. 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. Contact Altra for complete details.
Club Savings Account Rates
Rates effective January 1, 2021; subject to change.
| Minimum Balance | Dividend Rate | APY* |
| None | 0.05 | 0.05 |
*APY= Annual Percentage Yield. Rates subject to change.
Health Savings Account (HSA) Rates
Rates effective January 1, 2021; subject to change.
| Minimum Balance | Dividend Rate | APY* |
| $0-$4,999 | 0.50 | 0.50 |
| $5,000 & over | 0.75 | 0.75 |
*APY= Annual Percentage Yield. Rates subject to change.
Indexed Money Market
Rates effective January 1, 2021; subject to change.
| Minimum Balance during the month |
Dividend Rate
|
APY*
|
| $0-$249,999 | 0.100 | 0.10 |
| $250,000-$499,999 | 0.449 | 0.45 |
| $500,000-$749,999 | 0.449 | 0.45 |
| $750,000-$999,999 | 0.598 | 0.60 |
| $1,000,000-$3,000,000 | 0.698 | 0.70 |
*APY=Annual Percentage Yield.
Dividends are compounded monthly and paid monthly. The ending balance of the account each day is multiplied by a daily rate (rate divided by the interest base of 365 or 366 days) and then accrues / accumulates until posted. Dividends will begin to accrue on the business day you place non-cash items (for example, checks) to your account.
For the Altra Indexed Money Market accounts, Federal regulations allow up to six transfers per month.
Applies to non-individuals or entities other than an individual depositor: We may require the governing body of the organization opening the account to give us separate authorization telling us who is authorized to act on its behalf. We will honor the authorization until we actually receive written notice of a change from the governing body of the organization. We may require separate documentation to open an organization account.
If you close your account before dividends are paid, you will not receive the accrued dividends. Please read Altra’s Account Disclosure and Agreement that may also apply to organizational accounts. Available to both Business and Retail Members.
IRA Savings Account Rates
Rates effective January 1, 2021; subject to change.
| Minimum Balance | Dividend Rate | APY* |
| None | 0.50 | 0.50 |
*APY= Annual Percentage Yield. Rates subject to change.
Regular Savings Accounts Rates
Rates effective January 1, 2021; subject to change.
| Minimum Balance | Dividend Rate | APY* |
| $5.00 | 0.05 | 0.05 |
*APY= Annual Percentage Yield. Regular Savings – $5 minimum balance in a Regular Savings account is required for all Altra members; this is your ownership share in the Credit Union. Regular Savings account pays dividends quarterly. Rates subject to change.
