Alpine CU Savings Account
At Alpine Credit Union, we offer a variety of savings products to assist our members in their financial planning:
- Share Savings
- Certificates of Deposit
- Money Market Share Account
Open a Share Savings Account with a deposit of $25.00 or more, this is your primary membership account. No membership fee is required. A Share Savings Account pays dividends quarterly. The dividend rate is determined by the Board of Directors and is subject to change at anytime.
CERTIFICATE OF DEPOSIT (CD’s)
The credit union has several options for you to choose from. All CD’s have a minimum deposit requirement of $500. The terms of deposit range from a minimum of 90 days to a maximum of 5 years. Certificates of Deposit are term certificates with a fixed maturity. Interest on Certificates accrue daily and, at maturity and/or quarterly, are credited to the balance of the certificate. The Certificate of Deposit will automatically renew at maturity. A notice of maturity will be mailed to the member at least 10 days prior to the maturity date of the certificate.
The credit union may impose a penalty if the certificate is redeemed prior to the maturity date.
Early Withdrawal Penalty (EWP):
- Terms 1 Yr and less – 90 Days Interest
- Terms greater than 1 Yr – 180 Days Interest
*Note: Any CD’s opened before April 1, 2017, will just receive the 90 Day Interest EWP. All CD’s opened after April 1, 2017, will receive the EWP listed above.
MONEY MARKET SHARES
This account requires a minimum deposit of $2500.00. Dividends are earned for each day the account balance meets the minimum requirement or higher. Balances below the minimum requirement are not paid dividends. Dividends are paid to the account quarterly.