Rates

Checking & Savings Rates

CoVantage can help you save money and reach your goals by paying dividends at market-leading rates to your checking and savings accounts.

¹Annual Percentage Yield (APY) accurate as of March 1, 2026 and subject to change. Fees or other conditions may reduce the earnings on the account.

*Terms and conditions apply for MaxYield Savings.

Savings & Checking

Effective Date: February 27, 2026
Type Rate APY1 Minimum Deposit
Savings0.245%0.250%$10.00 Minimum. Dividend computed on daily balance and credited to account monthly.
Misc. Savings0.245%0.250%$10.00 Minimum. Dividend computed on daily balance and credited to account monthly.
Christmas Club0.245%0.250%$10.00 Minimum. Dividend computed on daily balance and credited to account monthly. Account balance is paid out 10/31.
Checking0.100%0.100%Dividend credited to account monthly. Account must maintain a minimum daily balance of $500.00 to earn a dividend.
IRA Account0.245%0.250%$10.00 Minimum. Dividend computed on daily balance and credited to account monthly.
Funeral Account0.245%0.250%$10.00 Minimum. Dividend computed on daily balance and credited to account monthly.

Dividend computed on daily balance and credited to account monthly.

Health Savings

Effective Date: February 27, 2026
Rate APY Minimum Deposit
0.245%0.250%Up to $4,999.99
0.245%0.250%$5,000.00 and over

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

Money Market

Effective Date: February 27, 2026
Rate APY Minimum Deposit
2.961%3.000%$750,000.00 and over
2.714%2.750%$500,000.00 to $749,999.99
2.470%2.500%$250,000.00 to $499,999.99
1.979%2.000%$100,000.00 to $249,999.99
1.491%1.500%$25,000.00 to $99,999.99
0.397%0.400%Up to $24,999.99

A penalty may be imposed for early withdrawal. Compounded quarterly.
¹Annual Percentage Yield (APY) accurate as of March 1, 2026 and subject to change. Fees or other conditions may reduce the earnings on the account.

All certificates compounded and credited quarterly. A penalty may be imposed for early withdrawl. 

*Rates displayed are best available rates with a MaxYield Checking and Savings relationship. Terms and conditions apply.

Certificates / Certificates for IRA

Effective Date: February 27, 2026
Rate* Term APY1 Minimum Deposit
3.940%48 Month4.000%1000.00
3.750%10 Month3.800%1000.00
3.458%60 Month3.500%1000.00
3.208%36 Month3.250%1000.00
2.967%12 Month3.000%1000.00
2.967%24 Month3.000%1000.00
0.245%3 Month0.250%5000.00
0.245%6 Month0.250%5000.00

Our high yield savings accounts 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 account, savings account, or certificate at CoVantage. Our dividend payments can play a big part in moving you and your family toward financial security.

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

Member Patronage Payments

Each year, our Board of Directors decides how much to set aside to cover deposit dividends, operating costs, and other needs, including investments in technology, so that CoVantage stays relevant and has the growth needed to stay financially strong. Extra revenues are then returned to our member-owners in the form of Patronage, which we've been making since 1980.