Sharefax Credit Union Savings Rates
| Rates Updated 3/1/2024 | Annual Percentage Yield (APY) |
|---|---|
| Basic Shares (Including Vacation) | 0.10% |
| Holiday Savings Club | 0.10% |
| IRA/Education - $0 - $999 | 0.15% |
| IRA/Education - Minimum $1,000 | 0.25% |
| IRA/Education - Minimum $5,000 | 0.35% |
| IRA/Education - Minimum $10,000 | 0.50% |
| IRA/Education - $25,000+ | 0.65% |
| Health Savings Account (HSA) - $0 - $999 | 0.05% |
| Health Savings Account (HSA) - Minimum $1,000 | 0.10% |
| Health Savings Account (HSA) - Minimum $5,000 | 0.15% |
| Health Savings Account (HSA) - Minimum $10,000 | 0.20% |
| Health Savings Account (HSA) - Minimum $25,000 | 0.25% |
| Maximizer - $0 - $9,999 | 0.85% |
| Maximizer - Minimum $10,000(1) | 1.11% |
| Maximizer - Minimum $25,000(1) | 1.26% |
| Maximizer - Minimum $50,000(1) | 1.41% |
| Maximizer - Minimum $75,000(1) | 1.61% |
| Maximizer - Minimum $100,000(1) | 2.02% |
| Champion Savers - 1st Range - $0 to $1,499(2) | 0.30% |
| Champion Savers - 2nd Range - $1,500 to $4,999(2) | 0.45% |
| Champion Savers - 3rd Range - $5,000 to $9,999(2) | 0.55% |
| Champion Savers - 4th Range - $10,000 & Up(2) | 0.65% |
(1) Should your Maximizer balance drop below the Minimum for APY, you will receive the current Regular Savings Rate. The daily balance dividend calculation method applies a daily periodic rate to the balance each day. This method is used for all products above unless otherwise noted. The dividend rate and annual percentage yield may change at any time at the credit union’s discretion. Current rates will be quoted upon request. Withdrawal of paid dividends will reduce the assumed annual percentage yield.(2) Dividends on the Champion Club are split rates, which means that the dollar amounts within each specific range each day will have dividends calculated separately at the dividend rate for that range and the calculated dividends for each range will be added together to calculate the total dividend paid each quarter. If your balance drops below the minimum, you will receive the current Regular Savings Rate
Champion Savers Account is a minor account for Members 17 and younger. Account holders are eligible for Quarterly prize drawings. Account is designed to help to develop healthy savings habits for our young members. Tiered Rates. Dividends on the Champion Club are split rates, which means that the dollar amounts within each specific range each day will have dividends calculated separately at the dividend rate for that range and the calculated dividends for each range will be added together to calculate the total dividend paid each quarter.