Get greater than the average bank.
Are you happy with the standard rate of return? Are you satisfied with a mediocre savings and retirement account? At Cares Credit Union, we believe our members deserve greater than that. In fact, our Liberty Checking interest rates are up to 50X* greater than a typical bank – so you can feel confident you’re getting nothing less than the best in banking.
Certificates of Deposit (CDs) Rates
As of 03/13/2024
| Account Type | Minimum Opening Balance | Minimum Balance to Obtain APY | Dividend Rates | APY%** |
|---|---|---|---|---|
| 3 Month | $1,000.00 | $1,000.00 | 5.12 | 5.25 |
| 6 Month | $1,000.00 | $1,000.00 | 4.89 | 5.00 |
| 12 Month | $1,000.00 | $1,000.00 - 99,999.99 | 4.16 | 4.25 |
| 12 Month | $1,000.00 | $100,000 JUMBO | 4.64 | 4.75 |
| 24 Month | $1,000.00 | $1,000.00 - 99,999.99 | 3.92 | 4.00 |
| 24 Month | $1,000.00 | $100,000 JUMBO | 4.40 | 4.50 |
| 36 Month | $1,000.00 | $1,000.00 - 99,999.99 | 3.69 | 3.75 |
| 36 Month | $1,000.00 | $100,000 JUMBO | 4.17 | 4.25 |
| 9 Month No longer available RENEWAL RATE ONLY | RENEWAL RATE ONLY | $1,000.00 | 1.10 | 1.10 |
Business Certificates of Deposit (CDs) Rates
As of 03/13/2024
| Account Type | Minimum Opening Balance | Minimum Balance to Obtain APY | Dividend Rates | APY%** |
|---|---|---|---|---|
| 3 Month | $1,000.00 | $1,000.00 | 5.12 | 5.25 |
| 6 Month | $1,000.00 | $1,000.00 | 4.89 | 5.00 |
| 12 Month | $1,000.00 | $1,000.00 - 99,999.99 | 4.16 | 4.25 |
| 12 Month | $1,000.00 | $100,000 JUMBO | 4.64 | 4.75 |
| 24 Month | $1,000.00 | $1,000.00 - 99,999.99 | 3.92 | 4.00 |
| 24 Month | $1,000.00 | $100,000 JUMBO | 4.40 | 4.50 |
| 36 Month | $1,000.00 | $1,000.00 - 99,999.99 | 3.69 | 3.75 |
| 36 Month | $1,000.00 | $100,000 JUMBO | 4.17 | 4.25 |
Individual Retirement Accounts (IRAs) Rates
As of 03/13/2024
| Account Type | Minimum Balance to Obtain Rate | Dividend Rates | APY%** |
|---|---|---|---|
| IRA Savings (Share) Account | $50.00 | 0.90 | 0.90 |
| 12 Month Term Certificate of Deposit | $1,000.00 - 99,999.99 | 4.16 | 4.25 |
| 12 Month Term Certificate of Deposit | $100,000 JUMBO | 4.64 | 4.75 |
| 24 Month Term Certificate of Deposit | $1,000.00 - 99,999.99 | 3.92 | 4.00 |
| 24 Month Term Certificate of Deposit | $100,000 JUMBO | 4.40 | 4.50 |
Liberty/Liberty Plus Checking Rates †
As of 03/13/2024
| Minimum Opening Balance | Minimum Balance to Obtain Rate | Dividend Rates | APY%** |
|---|---|---|---|
| $20.00 | $0.00 | 0.01 | 0.01 |
| $0.01 - 25,000*** | 2.97 | 3.01 | |
| $25,001*** | 0.50 | 0.50 |
If there's a month you don't meet the qualifications, don't worry, there's no penalty and you still have a free checking account that earns a base annual percentage yield. Plus, the next month that you qualify you'll be back to earning huge dividends and receiving ATM fee refunds.
Money Market Rates †
As of 03/13/2024
| Minimum Opening Balance | Minimum Balance to Obtain Rate | Dividend Rates | APY%** |
|---|---|---|---|
| $2,000.00 | $0 – 49,999.99 | 0.50 | 0.50 |
| $50,000 -99,999.99 | 0.65 | 0.65 | |
| $100,000 - 249,999.99 | 2.96 | 3.00 | |
| $250,000.00 | 3.92 | 4.00 |
Basic Savings Rates †
As of 03/13/2024
| Minimum Opening Balance | Minimum Balance to Obtain Rate | Dividend Rates | APY%** |
|---|---|---|---|
| $25.00 | $50.00 & Over | 0.25 | 0.25 |
Liberty Savings Rates †
As of 03/13/2024
| Minimum Opening Balance | Minimum Balance to Obtain Rate | Dividend Rates | APY%** |
|---|---|---|---|
| $500 | $0.00 | 0.01 | 0.01 |
| $0.01 – 250,000*** | 4.89 | 5.00 | |
| $250,001 & Over*** | 0.50 | 0.50 |
Home Savings Rates †
As of 03/13/2024
| Minimum Opening Balance | Minimum Balance to Obtain Rate | Dividend Rates | APY%** |
|---|---|---|---|
| $25.00 | $50.00 & Over | 0.25 | 0.25 |
* Based on rates as of 12/1/2020. Rates are subject to change. National average based on the weekly national rate caps updated on the FDIC (Federal Deposit Insurance Corporation) website. Updates can be viewed by clicking here. Rates are based on a simple average of banks for which data is available. Credit union deposit rates are not included in the national average.
** APY = Annual Percentage Yield
The APY assumes that funds remain on deposit at least one full year. A withdrawal will reduce earnings. Cares uses the Daily Balance method to calculate dividends on your account.
- Nature of Dividends: Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The Dividend Rate and Annual Percentage Yield (APY) are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period. Note: not applicable for Certificate of Deposit (Term Share) Accounts.
- Early Withdrawal Penalty for Certificate of Deposit Accounts: We may impose a penalty if you withdraw any of the principal before the maturity date, or the renewal date, if this is a renewable account.
- Rate information: The Dividend Rate and APY on your accounts are set forth above. The APY is a percentage rate that reflects the total amount of dividends to be paid on an account based on the Dividend Rate and frequency of compounding for an annual period. Withdrawal of dividends or early withdrawal of principal will reduce the APY. The Dividend Rate and APY may change at any time.
*Liberty/Liberty Plus Checking is a premiere, free checking account that pays interest on your balance and delivers ATM fee refunds when qualifications are met. The high-interest rate applies to balances of $0.01-$25,000 when qualifications are met. Amounts over the $25,000 will be calculated using a lower APY. When qualifications are met, ATM Fee Refunds of $4.99 or less will automatically be reimbursed up to a maximum of $4.99 per individual transaction. ATM fees of $5.00+ will be reimbursed if requested; an ATM receipt may be required. The maximum ATM fee refund cap is $25.00 monthly. The monthly qualifying debit card purchase for each individual debited transaction must be a minimum of $5.00. If there’s a month you don’t meet the qualifications, there’s no penalty and you still have a free checking account that earns a base annual percentage yield. Plus, the next month that you qualify you’ll be back to earning huge dividends and receiving ATM fee refunds. Rate is subject to change without notice. Minimum deposit of $20.00 to open the account. Fees, such as Insufficient Funds or Account Inactivity, could reduce monthly earnings. Click here for a list of fees.
***LIBERTY CHECKING / LIBERTY CHECKING PLUS and LIBERTY SAVINGS MONTHLY QUALIFICATIONS – All you have to do is:
- Have 10 or more debit card purchases post and clear, each must be a minimum of $5.00
- Have at least 1 automatic payment or direct deposit post and clear
- One Liberty Checking account per household
Fees, such as Insufficient Funds or Account Inactivity, could reduce monthly earnings.
† Denotes Blended Rate account(s). A Blended Rate account is a tiered account on which Cares pays dividends at a different rate for each level on deposit.
†† CD will automatically renew at maturity to a term of one year at the then one-year term share certificate rate. Certain conditions apply and early withdrawal penalties apply.