High Yield Savings Account: APY = Annual Percentage Yield. Available to new members ages 18 or older who open a new Altra membership and High Yield Savings account in person or online. Offer void for current Altra members, Joint account holders on existing Altra accounts, or if Altra membership has been closed within the last six months. Existing deposit or savings accounts cannot be converted to a High Yield Savings Account.
One High Yield Savings Account per new member; personal accounts only; not available to Guardianship, Rep Payee, or UTMA accounts. There are no restrictions or limitations for withdrawals, transfers, or deposits made in person or online.
The High Yield Savings account earns currently posted APY on balances up to $1,000 and 0.10% APY on balances over $1,000. There is no minimum balance requirement to earn dividends, and there are no fees associated with the account. If the High Yield Savings account is closed within the first 12 months of opening, member will not be eligible to open another High Yield Savings account at a future date. Dividends calculated and paid each calendar month on the daily balance. Rates subject to change. After 12 months, the High Yield Savings Account will automatically convert to a Special Savings account earning the then-current posted APY, without notice to the member. The Special Savings account APY will be reflected in the member's monthly or quarterly statement. Limited time offer.
