What do these numbers mean?

The numbers on the left are annual percentage rates (APR) and the numbers on the right are annual percentage yield (APY) rates.

Annual percentage rates (APR) are interest rates that allow your money to earn interest. Interest is money the Credit Union deposits monthly into your account. Money can only earn interest while it remains in an interest-bearing account. The higher the interest rate, the more money you will earn. Also, the longer your money is in an interest-bearing account, the more interest you will accumulate. Therefore it is a smart idea to open an interest-bearing savings account as early as possible. Take a look at a few examples.

Ex. You deposit $100 in a Z-Share account and leave it there for one year. The interest rate is 2.00%. You would earn $2 in interest, totaling your account to $102.

Ex. You deposit $100 in a Z-Money Market account and leave it there for one year. The interest rate is 4.00%. You would earn $4 in interest, totaling your account to $104.

Ex. You deposit $100 in a Z-Money Market account and leave it there for 10 years. The interest rate is 4.00%. You would earn $40 in interest, totaling your account to $140.

The Credit Union's high interest rates can help grow your savings!