|Dividend Rates||March 1, 2015|
|Account Name||Min. Balance to Earn Dividends*||Dividend Rate||APY1|
|NOW Accounts Checking Tier I||$25.00||0.05%||0.05%|
|NOW Accounts Checking Tier II||$1,000.00||0.05%||0.05%|
|IRA & Roth IRA Savings||$25.00||0.20%||0.20%|
|Money Market Tier I2||$1,000.00||0.15%||0.15%|
|Money Market Tier II2||$20,000.00||0.25%||0.25%|
|Money Market Tier III 2||$50,000.00||0.35%||0.35%|
*Minimum balance to open.
1 Annual Percentage Yield
2 All other money market account terms apply.
APY is Annual Percentage Yield. This rate schedule states rates applicable to specified accounts. Dividends are credited to your account and compounded every month. This schedule is incorporated as a part of your account agreement with your Credit Union. *Minimum balance requirements apply to average daily balance (amount of principal in account each day). **All savings rates are variable, this means the dividend rate and annual percentage yield may change at any time as determined by the Board of Directors. Fees could reduce earnings.
|Certificate Rates*||March 1, 2015|
|Account Name||Min. Balance to Earn Dividends**||Dividend Rate||APY1|
34 Month Bump-Up Special+
58 Month Bump-Up Special+
* Subject to penalty for early withdrawal
** Minimum balance to open and earn dividends
1 Annual Percentage Yield
3 Also available for IRA's, including ROTH
+ The bump-up option can only be exercised once during the term of the certificate. The certificate term is not extended by the bump-up/APY increase. APY increases are not retroactive, and will apply to the remainder of the certificate term. APY increases can be initiated on the 34-month certificate if the then current APY for City of Boston Credit Union’s 34-month certificate or 36-month certificate is above 1.359% or on the 58-month certificate if the then current APY for City of Boston Credit Union’s 58-month certificate or 60-month certificate is above 2.122%. In no event can the bump-up rate exceed the then current rate for the certificate. Upon maturity, 34- and 58-month Bump-Up Certificates will automatically rollover into the member’s City of Boston Credit Union share account.
APY is Annual Percentage Yield. The rates quoted above are accurate and effective for the above accounts as of the effective date indicated. Certificate rates remain fixed for the term of the certificate. Dividends will be credited to your account and compounded every month. Fees or other conditions could reduce the earnings on the account. A penalty may be imposed for withdrawals before maturity. *Jumbo refers to savings and IRA Certificates with minimum balances of $50,000. If you have any questions or need currect rate information on your accounts, please call (617) 635-4545.
Rates subject to change without notice. All rates and terms are available for Savings and IRA Certificates.