Savings Rates

We know that saving money can take a lot of effort. But you don't have to do it alone. CoVantage will help you reach your goals by paying dividends at market-leading rates to your deposit accounts.

We provide the means to make your money grow faster.

With any investment, the key is to end up with more than you started with. That's sure to be the case when you have a checking, savings, Money Market, Share Certificate or retirement account at CoVantage. Our dividend payments can play a big part in moving you and your family toward financial security.

Annual Percentage Yields (APY) effective 08/22/2019 and subject to change.

APY (Annual Percentage Yield) refers to the interest paid on a dividend account over a year’s time. Unlike Rate, APY reflects interest paid on interest. This is why APY is higher than Rate.

Dividend Rates

Type Rate APY Minimum Deposit
Membership Share 0.598% 0.60% $10.00 Minimum. Dividend computed on daily balance and credited to account monthly.
Misc. Savings 0.598% 0.60% $10.00 Minimum. Dividend computed on daily balance and credited to account monthly.
Christmas Club 0.598% 0.60% $10.00 Minimum. Dividend computed on daily balance and credited to account monthly. Account balance is paid out 10/31.
Checking 0.250% 0.25% Dividend credited to account monthly. Account must maintain a minimum daily balance of $500.00 to earn a dividend.
IRA Account 0.896% 0.90% $10.00 Minimum. Dividend computed on daily balance and credited to account monthly.
GO Savings 1.193% 1.20% $10.00 Minimum. Dividend computed on daily balance and credited to account monthly. Limit of 4 staff-assisted transactions/inquiries. Must enroll in e-Statements and have a debit card.
Funeral Account 1.834% 1.85% $10.00 Minimum. Dividend computed on daily balance and credited to account monthly.

Health Savings Account

Dividend computed on daily balance and credited to account monthly.

Minimum Balance Rate APY
Up to $4999.99 0.648% 0.65%
$5000.00 and over 0.896% 0.90%

Money Market Account

Dividend computed on a daily balance and credited to account monthly.

Minimum Balance Rate APY
Up to $9999.99 0.499% 0.50%
$10000 to $24999.99 0.995% 1.00%
$25000 to $99999.99 1.193% 1.20%
$100000 to $249999.99 1.490% 1.50%
$250000 and over 1.736% 1.75%

Term Share Certificates/Certificates for IRA

A penalty may be imposed for early withdrawal. Compounded quarterly.

Term Rate APY Minimum Deposit
12 Month 1.739% 1.75% $1000.00
24 Month 1.985% 2.00% $1000.00
36 Month 2.084% 2.10% $1000.00
48 Month 2.231% 2.25% $1000.00
60 Month 2.477% 2.50% $1000.00
3 Month 0.996% 1.00% $5000.00
6 Month 1.492% 1.50% $5000.00
15 Month 1.985% 2.00% $5000.00

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