Shares
Dividends are accrued on the daily balance in your share account.
The Board may adjust dividend accrual rates at anytime during the quarterly period.
Dividends are paid quarterly.
Dividends accrued from January 1 to Marchy 31 are paid on March 31.
Dividends accrued from April 1 to June 30 are paid on June 30.
Dividends accrued from July 1 to September 30 are paid on September 30.
Dividends accrued from October 1 to December 31 are paid on December 31.
Share balances below $100 do not earn dividends.
Minimum Balance Required | Dividend Rate (APR) | Annual Percentage Yield (APY) |
---|---|---|
$100 | 0.50% | 0.501% |
$10,000 | 1.00% | 1.002% |
$20,000 | 3.00% | 3.022% |
$100,000 | 4.00% | 4.040% |
$200,000 | 4.50% | 4.551% |
Above Rates effective as of July 1, 2023
The Board reserves the right to adjust the dividend rates at any time due to prevailing economic conditions.