Share Rates
IBEW 26 FCU Rate Schedule
The rates and terms applicable to your account at the Credit Union are provided in this Rate Schedule.
The Annual Percentage Yield is accurate as of the Last Dividend Rate Declaration Date: September 26, 2024.
| Account Type | Dividend Rate
APY |
Dividends Compounded | Dividends Credited | Dividend Period | Balance Requirements | Minimum Opening Deposit | Minimum Balance to avoid Service Fee(1) | Minimum Balance to Earn the stated APY | Balance Method |
| Share Savings | .10 DR*
.10 APY** |
Quarterly | Quarterly | Calendar Quarter | $5.00 | $5.00 | $300.00(1) | $300.00 | Average Daily Balance |
| Share Savings | .10 DR*
.10 APY** |
Quarterly | Quarterly | Calendar Quarter | $5.00 | $5.00 | $300.00(1) | $10,001.00 | Average Daily Balance |
| Money Market Savings | .01 DR*
.01 APY** |
Quarterly | Quarterly | Calendar Quarter | $300.00 – $10,000.00 | $300.00 | $300.00(1) | $300.00 | Average Daily Balance |
| Money Market Savings | .01 DR*
.01 APY** |
Quarterly | Quarterly | Calendar Quarter | $10,001.00 – $25,000.00 | $300.00 | $300.00(1) | $10,001.00 | Average Daily Balance |
| Money Market Savings | .01 DR*
.01 APY** |
Quarterly | Quarterly | Calendar Quarter | $25,001.00 – Over | $300.00 | $300.00(1) | 25,001.00 | Average Daily Balance |
| IRA Savings | .05 DR*
.05 APR** |
Quarterly | Quarterly | Calendar Quarter | $300.00 | $300.00 | Not applicable | $300.00 | Average Daily Balance |
| Share Draft | .01 DR*
.01 APY** |
Quarterly | Quarterly | Calendar Quarter | $5.00 | $5.00 | $250 weekly direct deposit or $1000.00 (2) | $2,000.00 | Average Daily Balance |
| 6 Month Share Certificate | 0.01 DR*
0.01 APY** |
none | Monthly | 6 months*** | $1,000.00 | $1,000.00 | Not applicable | $1,000.00 | Average Daily Balance |
| 12 Month Share Certificate | 4.00 DR*
4.07 APY** |
none | Monthly | 12 months*** | $1,000.00 | $1,000.00 | Not applicable | $1,000.00 | Average Daily Balance |
| 6 Month IRA Certificate | 0.01 DR*
0.01 APY** |
none | Monthly | 6 months*** | $1,000.00 | $1,000.00 | Not applicable | $1,000.00 | Average Daily Balance |
| 12 Month IRA Certificate | 0.01 DR*
0.01 APY** |
none | Monthly | 12 months*** | $1,000.00 | $1,000.00 | Not applicable | $1,000.00 | Average Daily Balance |
DR* = Dividend Rate APY** = Annual Percentage Yield ***Early Withdrawal penalty will or may be imposed for IRA & Share Certificates. Accounts closed before the end of a dividend period will not receive dividends for that period. Service Fee(1) = Refer to Schedule of Fees available on website or request a copy from IBEW 26 FCU. (2) Share draft with direct deposit or weekly deposit (minimum $250.00), debit card, Virtual Branch, and e-statement = no monthly fee, if direct deposit is cancelled share draft account defaults to $8.95/month if cumulative balance in all accounts is less than $1,000.00. Rates may change after the account is open. Fees may reduce earnings. Please refer to the Truth-In-Savings section of the Membership Booklet for further information.
For a list of current rates contact the Credit Union office. Telephone 301-306-0610.
IBEW 26 FCU, 4371 Parliament Place, Suite C, Lanham, MD 20706. Visit our website www.ibew26fcu.com
Consumer Loan Rates
Collateral Loan: Rates start as low as 4.5% APR*.
Personal Loan: Rates start as low as 8.45% APR*.
Line of Credit: Rates start as low as 11.25% APR**.
Platinum Credit Card: Rates start as low as 11.25% APR**.
*APR = Annual Percentage Rate. For collateral loans, rates are determined by your credit score and the length of your loan. For personal, line of credit and credit cards the rate is determined by your credit score. We may be able to offer certain member discounts depending on your relationship with the credit union. Your APR will never fall below our current floor rate of 3.5% and will never be greater than 18%. No annual fee.
**APR is variable and based on an individual’s creditworthiness and is reviewed annually. No annual fee.
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