Deposit Rates from Galaxy FCU
| Account Type | Minimum Balance to Open Account | Minimum Balance to Obtain APY | Dividend Rate* | Annual Percentage Yield* |
|---|---|---|---|---|
| Share Account |
$5 |
$200 | 0.15% | 0.15% |
| Share Draft Account | $0 | $5,000 | 0.05% | 0.05% |
| Youth Share Account | $5 | $20 | 0.15% | 0.15% |
| Christmas Club | $5 | $5 | 0.15% | 0.15% |
| IRA Share Account (through 12/31/2024) |
$50 | $50 | 0.25% | 0.25% |
* The Annual Percentage Yield (APY) assumes that dividends are added to principal and remain on deposit. Withdrawal of dividends will reduce earnings.
Special Notes:
- Rates are effective as of 07/16/2024.
- Rates are subject to change. Current dividend rates will be quoted upon request.
- Dividends will be calculated daily and will be credited quarterly on March 31, June 30, September 30, and December 31.
- Dividends are calculated by the daily balance method which applies a daily periodic rate to the principal in your account each day, and begin to accrue on the business day you deposit to your account.
