This account is designed specifically to meet the needs of the investment-minded member. We offer competitive rates of interest on funds held from a minimum of three (3) months to a maximum of one (1) year. With as little as five hundred ($500), you can open a fixed deposit account offering attractive interest rates. Members have the option of rolling over funds at maturity. A penalty of 1.5% applies for encashment before maturity date. Below is UWICU’s Fixed Deposit schedule:
3-month Deposits
| Lower Limit | Upper Limit | Duration | Interest Rate |
|---|---|---|---|
| $0.00 | $999,999.99 | 3 months | 0.50% |
6-month Deposits
| Lower Limit | Upper Limit | Duration | Interest Rate |
|---|---|---|---|
| $0.00 | $20,000.00 | 6 months | 1.00% |
| $20,001.00 | $50,000.00 | 6 months | 1.25% |
| $50,000.01 | $100,000.00 | 6 months | 1.50% |
| $100,000.01 | $200,000.00 | 6 months | 1.75% |
| $200,000.01 | $999,999.99 | 6 months | 2.00% |
12-month Deposits
| Lower Limit | Upper Limit | Duration | Interest Rate |
|---|---|---|---|
| $0.00 | $20,000.00 | 12 months | 1.50% |
| $20,001.00 | $50,000.00 | 12 months | 1.75% |
| $50,000.01 | $100,000.00 | 12 months | 2.00% |
| $100,000.01 | $200,000.00 | 12 months | 2.25% |
| $200,000.01 | $999,999.99 | 12 months | 2.50% |