Deposit Rates

APY is accurate as of December 1, 2016.  Rates/APY may change at any time.

Share Accounts- Primary and Secondary Shares

Minimum balance to earn stated APY Rate APY
$50.01 0.05% 0.05%
$2,500 0.10% 0.10%
$10,000 0.15% 0.15%

$5.00 minimum share balance required to open and maintain Primary Share.

Fees could reduce earnings on account.  Rates may vary after the account is opened.  APY is accurate as of date listed above.

Money Market Accounts

Minimum balance to earn stated APY Rate APY
$2,500 0.20% 0.20%
$25,000 0.25% 0.25%
$50,000 0.30% 0.30%
$100,000 0.30% 0.30%
$200,000 0.30% 0.30%

$2500 required to open account.

Fees could reduce earnings on account.  Rates may vary after the account is opened.  APY is accurate as of the date listed above.

Share Draft (Checking) Accounts

Minimum balance to earn stated APY Rate APY
Greater Checking (Qualifying)**
$0 - $20,000 3.00% 3.04%
$20,001 0.15% 0.15%
Greater Checking (Non-Qualifying)**
Any 0.01% 0.01%
Classic Checking
Any 0.00% 0.00%
Premium Checking
$200 0.01% 0.01%
$2,500 0.03% 0.03%
$10,000 0.05% 0.05%
$25,000 0.07% 0.07%
Prestige Checking
$1,000 0.03% 0.03%
$2,500 0.05% 0.05%
$10,000 0.08% 0.08%
$25,000 0.10% 0.10%
Second Chance Checking
Any 0.00% 0.00%
Basic Blue Checking
Any 0.00% 0.00%
Entrepreneur, Business, & Commercial Checking
$1,000 0.00% 0.00%

$50 required to open Greater Checking, Classic and Premium accounts.  $1000 required to open Prestige account. $0 required to open Basic Blue and Second Chance accounts. $100 required to open Entrepreneur account.  $500 required to open Business account.  $1000 required to open Commercial account.

Fees could reduce earnings on account.  Rates may vary after the account is opened.  APY is accurate as of the date listed above.

**Greater Checking qualifications to earn higher dividend rate:

Personal accounts only, limit one account per tax identification number, and must be aged 18 years or older.

These requirements must be met, post, and settle during the monthly qualification cycle in order to receive the high dividend rate and other benefits:

• Have a share (membership) account with a minimum balance of $5.00,
• Have at least twenty (20) debit card purchases (PIN based or signature based) from Greater Iowa debit card, and the purchases must post and settle prior to the close of business on the last business day of the month,
• 
The membership associated with Greater Checking account must elect to receive electronic statements (e-Statements) in lieu of paper statements by registering or linking for e-Statements with a valid email address,
• 
Have a direct deposit of at least $100 per month in the Greater Checking account or at least one payment made via Greater Iowa bill pay from the Greater Checking account (internal transfers are excluded and do not qualify) prior to the close of business on the last business day of the month.

If eligibility requirements are met for the monthly cycle, all ATM-use fees assessed by Greater Iowa or other financial institutions for using a non-credit union machine will be refunded up to a maximum of $10.00 per month.  This does not include insufficient funds fees (NSFs) or uncollected funds fees.  ATM-use fee refunds will be credited to your account by the 5th of the following month.

Special Share Certificates - Special rates and special features

Minimum balance to earn stated APY Rate APY Terms (Months)
$1,000 0.70% 0.70% 11
$1,000 1.70% 1.71% 22

Minimum balance to open: $1000.

Interest compounded monthly unless paid directly to you  Early withdrawal penalty of 90 days of interest will be imposed on certificates with a term of one year or less and 180 days of interest on certificates with a term greater than one year.  Early withdrawal penalty may be deducted from principal amount. Withdrawal of earnings could reduce APY.

Share Certificates

Minimum balance to earn stated APY Rate APY Terms (Months)
$1,000 0.40% 0.40% 6-11
$10,000 0.50% 0.50% 6-11
$90,000 0.55% 0.55% 6-11
$1,000 0.60% 0.60% 12-17
$10,000 0.70% 0.70% 12-17
$90,000 0.75% 0.75% 12-17
$1,000 0.80% 0.80% 18-23
$10,000 0.90% 0.90% 18-23
$90,000 0.95% 0.95% 18-23
$1,000 1.00% 1.00% 24-35
$10,000 1.10% 1.11% 24-35
$90,000 1.15% 1.16% 24-35
$1,000 1.35% 1.36% 36-47
$10,000 1.45% 1.46% 36-47
$90,000 1.50% 1.51% 36-47
$1,000 1.55% 1.56% 48-59
$10,000 1.65% 1.66% 48-59
$90,000 1.70% 1.71% 48-59
$1,000 1.75% 1.76% 60
$10,000 1.85% 1.87% 60
$90,000 1.90% 1.92% 60

Minimum balance to open:  $1000. 

Interest compounded monthly unless paid directly to you.   Early withdrawal penalty of 90 days of interest  will be imposed and may be deducted from principal amount.  Withdrawal of earnings could reduce APY.

Individual Retirement Account Special Share Certificates

Minimum balance to earn stated APY Rate APY Terms (Months)
Traditional IRA and Roth IRA Special Share Certificates
$1,000 0.70% 0.70% 11
$1,000 1.70% 1.71% 22

Minimum balance to open:  $1000.

Interest compounded monthly unless paid directly to you.  Early withdrawal penalty of 90 days of interest will be imposed and may be deducted from principal amount.  Other penalties may apply.  Withdrawal of earnings could reduce APY.

Individual Retirement Accounts and Standard ESA Share Certificates

Minimum balance to earn stated APY Rate APY Terms (Months)
Traditional IRA and Roth IRA Special Share Certificates
$1,000 1.15% 1.16% 18-35
$1,000 1.70% 1.71% 36-59
$1,000 1.90% 1.92% 60

Minimum balance to open:  $1000. 

Interest compounded monthly unless paid directly to you.  Early withdrawal penalty of 90 days of interest will be imposed and may be deducted from principal amount.  Other penalties may apply.  Withdrawal of earnings could reduce APY.

High Rate Savings Accounts for Individual Retirement Accounts and ESA Accounts

Minimum balance to earn stated APY Rate APY
High Yield Roth IRA and Traditional IRA Savings
$0 0.20% 0.20%
$10,000 0.35% 0.35%
$50,000 0.50% 0.50%
$100,000 0.55% 0.55%
$250,000 0.60% 0.60%
High Yield ESA Savings
$0 0.00% 0.00%
$100 0.35% 0.35%
$10,000 0.50% 0.50%
$25,000 0.55% 0.55%
$50,000 0.60% 0.60%

Minimum balance to open:  $0.

Fees could reduce earnings on account.  Rates may vary after the account is opened.  APY is accurate as of the date listed above.

Health Savings Account (HSA)

Minimum balance to earn stated APY Rate APY
$0 0.00% 0.00%
$100 0.35% 0.35%
$10,000 0.50% 0.50%
$25,000 0.55% 0.55%
$50,000 0.60% 0.60%

Minimum balance to open:  $0

Fees could reduce earnings on account.  Rates may vary after the account is opened.  APY is accurate as of the date listed above.

The annual percentage yield (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. For all accounts, the dividend rate and annual percentage yield may change at any time as determined by the Credit Union's Board of Directors. The dividend rates and annual percentage yields listed above are the rates and yields approved at the last Board of Director's meeting to take effect on the date above. The Share Savings, High Yield Money Market, High Yield Traditional IRA Savings, High Yield Roth IRA Savings, Premium Share Draft, Prestige Share Draft, and Health Savings  accounts are tiered rate accounts. The balance ranges, dividend rates, and annual percentage yields for each tier are listed above. Once a particular balance range is met, the dividend rate and annual percentage yield for that balance range will apply to the full balance of your account. Balance ranges may change at any time as determined by the Credit Union's Board of Directors. Maintenance or activity fees could reduce the earnings on an account. A penalty may be imposed for early withdrawal of share certificates. Withdrawal of earnings could reduce the APY. Please see the fee schedule for fees related to these accounts.

Rates and Annual Percentage Yields (APY) shown reflect the renewal rate and APY. On new accounts, the rate and APY may increase based on the member's current account relationship.