PortAlliance Federal Credit Union

 

Deposit Rates – Effective Date: July 1, 2015

Certificates
 
DIVIDENDS
BALANCE REQUIREMENTS
Term
Dividend Rate
APY*
Dividends Compounded and Credited
Minimum Opening Deposit
Minimum Balance to Earn the Stated Dividend Rate/APY*
Balance Method
6 months
0.25%
0.25%
Quarterly
$500.00
$500.00
Daily Balance
12 months
0.30%
0.30%
Quarterly
$500.00
$500.00
Daily Balance
24 months
0.45%
0.45%
Quarterly
$1,000.00
$1,000.00
Daily Balance
36 months
0.55%
0.55%
Quarterly
$1,000.00
$1,000.00
Daily Balance
48 months
0.65%
0.65%
Quarterly
$1,000.00
$1,000.00
Daily Balance
60 months
0.95%
0.95%
Quarterly
$1,000.00
$1,000.00
Daily Balance


Share & Share Draft Accounts
 
DIVIDENDS
BALANCE REQUIREMENTS
Account Type
Dividend Rate
APY*
Dividends Compounded and Credited
Minimum Opening Deposit
Minimum Balance to Earn the Stated Dividend Rate/APY*
Balance Method
Share Savings
0.15%0.15%Quarterly$25.00$100.00
Daily Balance
Custodian Share
0.15%0.15%Quarterly$5.00$5.00
Daily Balance
Gain Student Share
2.13%2.15%Quarterly$5.00up to $1,500.00
Daily Balance
0.15%0.15%Quarterly$5.00$1,500.01 or more
Daily Balance
Smart Share
0.15%0.15%Quarterly$25.00$100.00
Daily Balance
Share Draft
Dividends not paid.
Gain Student Draft
Dividends not paid.
Smart Choice Draft
Dividends not paid.
Christmas Club
0.15%0.15%Quarterly$25.00$100.00
Daily Balance
Quarterly Club
0.15%0.15%Quarterly$25.00$25.00
Daily Balance
Money Market
0.30%0.30%Monthly$2,000.00$2,000.00
Daily Balance
0.35%0.35%Monthly$2,000.00$10,000.01Daily Balance
0.40%0.40%Monthly$2,000.00$25,000.01Daily Balance
IRA
0.40%0.40%Quarterly$25.00$25.00
Daily Balance
1.00%1.00%Quarterly$25.00$10,000.01Daily Balance
1.48%1.49%Quarterly$25.00$20,000.01Daily Balance

The rates appearing in this Schedule are accurate and effective for the accounts as of the Effective Date indicated above. Some account limitations apply; please refer to the Membership Account Agreement and Disclosures given at account opening. Rates are subject to change without notice. Early withdrawal subject to penalty. If you have any questions or require current rate and/or fee information on your account, please call the credit union at (757) 461-1796, or write to us at P.O. Box 12719, Norfolk, Virginia 23541-0719.

*APY stands for Annual Percentage Yield.

**Limited time offer; some restrictions may apply. Please contact the credit union for further information.