IBEW Local 56 Federal Credit Union was chartered in 1961 - Once A Member ... Always A Member

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Savings Rates

Rates and Yields

Type Account Compound Period Dividend Rate APY*
1 Share Drafts Quarterly 0.02% 0.02%
5 Regular Shares Quarterly 0.08% 0.08%
6 Vacation Shares Quarterly 0.08% 0.08%
7 Holiday Shares Quarterly 0.08% 0.08%
9 Investment Shares Quarterly 0.08% 0.08%
13 Chrismas Club Quarterly 0.08% 0.08%
10, 11 Traditional & Roth IRA Quarterly    
  $25-$10,000   0.53% 0.53%
  $10,000.01-$50,000   0.55% 0.55%
  $50,000.01 & Above   0.58% 0.58%
12 Coverdell Ed Savings Quarterly    
  $25-$10,000   0.53% 0.53%
  $10,000.01-$50,000   0.55% 0.55%
  $50,000.01 & Above   0.58% 0.58%
  • APY = annual percentage yield
  • contact an employee for further information about other fees and terms
  • fees or other conditions may reduce earnings
  • these dividend rates & annual percentage yields are the rates and yields paid the last dividend period which was April 1, 2021 thru June 30, 2021
  • dividends are paid from current income, after required transfers to reserves
  • the board of directors will declare new dividend rates on September 30, 2021
 

 

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