Savings Rates

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 02/20/2020 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.

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Type	Rate	APY	Minimum Deposit
Membership Share	0.499%	0.50%	$10.00 Minimum. Dividend computed on daily balance and credited to account monthly.
Misc. Savings	0.499%	0.50%	$10.00 Minimum. Dividend computed on daily balance and credited to account monthly.
Christmas Club	0.499%	0.50%	$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	0.797%	0.80%	$10.00 Minimum. Dividend computed on daily balance and credited to account monthly.
GO Savings	0.995%	1.00%	$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	1.736%	1.75%	$10.00 Minimum. Dividend computed on daily balance and credited to account monthly.

Dividend computed on daily balance and credited to account monthly.

Minimum Balance	Rate	APY
$5,000.00 and over	0.797%	0.80%
Up to $4,999.99	0.548%	0.55%

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

Minimum Balance	Rate	APY
$250,000 and over	1.637%	1.65%
$100,000 to $249,999.99	1.390%	1.40%
$25,000 to $99,999.99	1.292%	1.30%
$10,000 to $24,999.99	0.995%	1.00%
Up to $9,999.99	0.399%	0.40%

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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Savings Rates

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