In an effort to promote better savings by the membership of North Alabama Educators Credit Union, there are two savings options available that currently pay higher rates. Our Christmas Club Account and 9-Month Certificate of Deposit offer attractive rates. The Christmas Club Account offers a Prospective Rate of 1.50% Annual Percentage Yield, considerably higher than the basic savings account rate. December might not be the easiest month to start a Christmas Club saving account but why not plan on doing so in January? Setting aside money each pay period for a Christmas Club account is a great way to prepare yourself financially for the following Christmas.
Our 9-Month Certificate of Deposit currently offers a rate of 3.45% Annual Percentage Yield when compounded. This rate is higher than the 1-Year Certificate and matches the same rate offered on the 27-Month Certificate. A Mini-Jumbo rate bump of 0.15 is also available on individual certificate balances of $50,000 or more.
For a current listing of Savings/CD Rates available, click the link, http://www.naecu.org/rates/savingsrates.html .