Current Savings Rates


Share Savings Choices

Direct Deposit High Yield
Effective Date: Sunday, December 9th, 2018
SuffixMinimum BalanceDividend RateAPY Earned
S-07 $0 1.25% 1.26%

Only funds from Direct Deposit can be deposited to the Direct Deposit High-Yield Account. No other deposits or withdrawals are allowed from this account. If the Direct Deposit High-Yield account is closed prior to the end of the dividend period, no dividend will be paid. You will receive a 1.26% APY dividend on all funds directly deposited into this High-Yield Savings account for amounts up to $15,000. Amounts on deposit over $15,000 will earn dividends at the Regular Share Savings rate, which will be declared by the Board of Directors. Dividends will be paid semi-annually on January 1st and July 1st. Funds in the Direct Deposit High-Yield Savings account, plus dividend earned, will automatically be transferred to your Regular Share Savings following the payment of dividends.

Money Maker
The following are calculated daily and paid monthly:
NameSuffixMinimum BalanceDividend RateAPY Earned
Money Maker PLUS* S-11 $2,000 .29% .29%
Money Maker S-06 $2,000 .24% .24%

*Member must receive Direct Deposit of their Net Check and have an active Share Draft Checking OR High-Yield Savings account to qualify for the Annual Percentage Yield (APY) listed. Member must receive their first Direct Deposit into their FME account before this account may be opened.

Savings Accounts
Effective Date: Sunday, December 9th, 2018

The following are paid and compounded quarterly: (Rates effective as of the 4th Quarter, ending December 31, 2014. Rates are determined at the end of each quarterly dividend period by the Board of Directors.)

NameSuffixMinimum BalanceDividend RateAPY Earned
Super Share S-02 $0 0.20% 0.20%
Regular Share S-00 $5 0.15% 0.15%
Christmas Club S-SC $0 0.40% 0.40%
Rainy Day S-05 $0 0.15% 0.15%
Shares Pledged S-04 $0 0.15% 0.15%

Share Draft Checking Accounts
Effective Date: Sunday, December 9th, 2018
NameSuffixMinimum BalanceDividend RateAPY Earned
Member Advantage Checking* S-SD $0 N/A N/A

55 PLUS Checking**

S-SD $500 0.10% 0.10%

*NO per check charges or monthly fees for active accounts. An active account makes at least five qualified transactions per calendar month, such as check clearings or FME Online Bill Payments, VISA Check Card transactions. Overdraft Protection available to qualified members. **Membership in the 55 PLUS Club and an average daily balance of $500 are required to earn the Annual Percentage Yield (APY) listed. Dividend calculated and paid quarterly. Subject to change. 

IRA Savings
Effective Date: Sunday, December 9th, 2018
Dividends are paid and compounded quarterly:
NameSuffixMinimum BalanceDividend RateAPY Earned
IRA Shares varies $0 1.00% 1.00%
         

High-Yield Payroll Savings IRA
Effective Date: Sunday, December 9th, 2018
IRA Savings PlanRateMaximum Contribution
Traditional (under the age of 50) 1.51% APY* $5,500
Traditional (over the age of 50) 1.51% APY* $6,500
Roth (under the age of 50) 1.51% APY* $5,500
Roth (over the age of 50) 1.51% APY* $6,500
Coverdell Education 1.51% APY* $2,000 per child

Only funds from a payroll savings source can be deposited into the High-Yield Payroll Savings IRA Account. No other deposits or transfers are allowed. If this account is closed prior to the end of the dividend period, no dividend will be paid. All funds directly deposited will receive 1.51% APY up to the amount legally allowed by law. Dividends will be paid semi-annually on January 1st and July 1st. Funds in the High-Yield Payroll Savings IRA account, plus dividend earned, will automatically be transferred to your Regular IRA Share Savings following the payment of dividends.


Certificates of Deposit

$500-$2,499 CD Rates
Effective Date: Sunday, December 9th, 2018
TermStandard DividendsStandard APY*
6 months 0.20% 0.20%
12 months 0.25% 0.25%
18 months 0.25% 0.25%
24 months 0.30% 0.30%
30 months 0.35% 0.35%
36 months 0.40% 0.40%

$2,500-$9,999 CD Rates
Effective Date: Sunday, December 9th, 2018
TermStandard DividendsStandard APY*
6 months 0.25% 0.25%
12 months 0.30% 0.30%
18 months 0.30% 0.30%
24 months 0.35% 0.35%
30 months 0.40% 0.40%
36 months 0.45% 0.45%

$10,000-$24,999 CD Rates
Effective Date: Sunday, December 9th, 2018
TermStandard DividendsStandard APY*
6 months 0.27% 0.27%
12 months 0.32% 0.32%
18 months 0.32% 0.32%
24 months 0.37% 0.37%
30 months 0.42% 0.42%
36 months 0.47% 0.47%

$25,000 and over CD Rates
Effective Date: Sunday, December 9th, 2018
TermStandard DividendsStandard APY*
6 months 0.30% 0.30%
12 months 0.35% 0.35%
18 months 0.35% 0.35%
24 months 0.40% 0.40%
30 months 0.45% 0.45%
36 months 0.50% 0.50%


NMLS# 808257

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