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Deposit Rates

Fair rates and terms to help you get ahead in life

Savings Rates | Checking Rates | HSA Rates | CD/IRA Rates

Savings Rates

Membership Share- Minimum Balance to Open: $5.00 Minimum Balance to Earn Dividends: $200.00

APY Dividend Rate
All Consumer and Business .15% .15%

Vibe - Minimum Balance to Open: $5.00 Minimum Balance to Earn Dividends: $200.00

APY Dividend Rate
All .15% .15%

ELGAsaurus - Minimum Balance to Open: $5.00 Minimum Balance to Earn Dividends: $0.00

APY Dividend Rate
All .15% .15%

High Five - Minimum Balance to Open: $5.00 Minimum Balance to Earn Dividends: $0.00

APY Dividend Rate
All .15% .15%

Christmas Club- Minimum Balance to Open: $5.00 Minimum Balance to Earn Dividends: $200.00

APY Dividend Rate
All .15% .15%

ELGA Elite - Balances below $1,000.00 will earn Regular Savings Rate Minimum Balance to Earn Dividends: $200.00

APY Dividend Rate
$1,000.00-$4,999.99 .15% .15%
$5,000.00-$9,999.99 .25% .25%
$10,000.00-$49,999.99 .35% .35%
$50,000.00-$99,999.99 .45% .45%
$100,000.00-$249,999.99 .55% .55%
$250,000.00-$499,999.99 .65% .65%
$500,000.00 + .70% .70%

Kasasa Saver- $0.00 Minimum Balance to Open or Earn Dividends; Account Requires accompanying Kasasa Checking account

APY Dividend Rate
$0.00-$250,000.00 1.50% 1.49%
$250,001.00 + 1.50%-1.14% .25%
Non-Qualifying .05% .05%

ELGA Elite requires minimum opening balance equal to lowest amount of each tier level (ex. $1,000-$4,999.99 minimum opening balance is $1000). Minimum balance to earn dividends is the same as minimum opening balance on all ELGA Elite accounts. Balances below $1000 on ELGA Elite will earn regular savings rate unless under $200 then will not earn interest.  All dividends compounded and credited quarterly except Kasasa Saver & Kasasa Cash accounts compounded and credited monthly.  APY = Annual Percentage Yield.

 For further details please see our Rate and Service Charges Disclosure.


Checking Rates

Basic Cash - Minimum Opening Balance: $0.00 Minimum Balance to Earn Dividends: $10,000.00

APY Dividend Rate
All .10% .10%

Vibe - Minimum Opening Balance: $0.00 Minimum Balance to Earn Dividends: $500.00

APY Dividend Rate
All .10% .10%

Business - Minimum Opening Balance: $0.00 Minimum Balance to Earn Dividends: $10,000.00

APY Dividend Rate
All .10% .10%

Community - Minimum Opening Balance: $0.00 Minimum Balance to Earn Dividends: $10,000.00

APY Dividend Rate
All .10% .10%

Kasasa Cash Back - Minimum Opening Balance: $0.00 No Dividends Earned

APY Dividend Rate
All .00% .00%

Kasasa Cash - Minimum Opening Balance: $0.00 Minimum Balance to Earn Dividends: $0.00

APY Dividend Rate
$0.00-$15,000.00 3.04% 3.00%
$15,001.00 + 3.04%-0.61% 0.25%
Non-Qualifying .05% .05%

Focus - Minimum Opening Balance: $50.00 No Dividends Earned

APY Dividend Rate
All 0.00% 0.00%

Dividends compounded and credited quarterly except Kasasa Cash and Kasasa Cash with Kasasa Saver dividends are compounded and credited monthly. APY = Annual Percentage Yield.

For further details please see our Rate and Service Charges Disclosure.


HSA Rates

Health Savings Account - Minimum Opening Balance: $0.00 Minimum Balance to Earn Dividends: $200.00

APY Dividend Rate
$200.00-$999.99 .75% .75%
$1,000-$9,999.99 1.25% 1.25%
$10,000 + 1.51% 1.50%

Dividends compounded and credited quarterly. APY = Annual Percentage Yield.


CD/IRA Rates

Roth IRA Savings: Minimum Opening Balance & Balance to Earn Dividends: $0.00

APY Dividend Rate
All 1.51% 1.50%

Learn2Save: Minimum Opening Balance & Balance to Earn Dividends: $250.00

APY Dividend Rate
Learn2Save 12 Month 1.80% 1.79%
Learn2Save 24 Month 2.15% 2.13%

Promotional CD and IRA CD Accounts (Tiered): Minimum Opening Balance & Balance to Earn Dividends: $1,000.00

APY Dividend Rate
10 month $1,000 - $29,999.99 2.10% 2.08%
10 Month $30,000.00 - $99,999.99 2.15% 2.13%
10 Month $100,000.00 - $249,999.99 2.35% 2.33%
10 Month $250,000.00 - $499,999.99 2.45% 2.43%
10 Month $500,000.00 and over 2.50% 2.48%

Promotional Move Your Money CD: Opening Balance & Balance to Earn Dividends: $1,000.00. CD Value is $1,000.00 only. Must be opened at the Linden or Holly branch. *See below for full details.

APY Dividend Rate
12 Month 6.00% 5.87%

Save To Win: Minimum Opening Balance: $25.00 Minimum Balance to Earn Dividends: $0.00

APY Dividend Rate
12 Month .75% .75%

Traditional IRA Savings: Minimum Opening Balance & Balance to Earn Dividends: $0.00

APY Dividend Rate
All 1.51% 1.50%

$1,000.00 - $29,999.99 Tier: Regular CD / Traditional IRA CD & Roth IRA CD Accounts: Minimum Opening Balance & Balance to Earn Dividends: $1,000.00

APY Dividend Rate
12 Month 2.05% 2.03%
24 Month 2.25% 2.23%
36 Month 2.40% 2.38%
48 Month 2.55% 2.53%
60 Month 2.70% 2.67%
72 Month 2.75% 2.72%

Coverdell ESA IRA Savings: Minimum Opening Balance & Balance to Earn Dividends: $0.00

APY Dividend Rate
All 1.51% 1.50%

$30,000.00 - 99,999.99 Tier: Regular CD / Traditional IRA CD & Roth IRA CD Accounts: Minimum Opening Balance & Balance to Earn Dividends: $1,000.00

APY Dividend Rate
12 Month 2.10% 2.08%
24 Month 2.30% 2.28%
36 Month 2.50% 2.48%
48 Month 2.65% 2.62%
60 Month 2.80% 2.77%
72 Month 2.85% 2.82%

$100,000.00 - $249,999.99 Tier: Regular CD / Traditional IRA CD & Roth IRA CD Accounts: Minimum Opening Balance & Balance to Earn Dividends: $1,000.00

APY Dividend Rate
12 Month 2.30% 2.28%
24 Month 2.40% 2.38%
36 Month 2.61% 2.58%
48 Month 2.75% 2.72%
60 Month 3.00% 2.97%
72 Month 3.05% 3.02%

$250,000.00 - $499,999.99 Tier: Regular CD / Traditional IRA CD & Roth IRA CD Accounts: Minimum Opening Balance & Balance to Earn Dividends: $1,000.00

APY Dividend Rate
12 Month 2.40% 2.38%
24 Month 2.50% 2.48%
36 Month 2.70% 2.67%
48 Month 2.85% 2.82%
60 Month 3.10% 3.07%
72 Month 3.15% 3.11%

$500,000.00 Tier: Regular CD / Traditional IRA CD & Roth IRA CD Accounts: Minimum Opening Balance & Balance to Earn Dividends: $1,000.00

APY Dividend Rate
12 Month 2.45% 2.43%
24 Month 2.61% 2.58%
36 Month 2.80% 2.77%
48 Month 2.95% 2.92%
60 Month 3.15% 3.11%
72 Month 3.20% 3.16%

Minimum balance to earn dividends matches minimum opening balance except Save To Win where minimum balance to earn dividends is $0.00. Dividends compounded and credited quarterly. APY = Annual Percentage Yield.  For further details please see our Rate and Service Charges Disclosure.

*Promotional Move Your Money CD: Offer valid on money not currently on deposit at ELGA Credit Union. One account per social security number. CD value is $1,000 only. CD must be opened at the Linden branch at 8017 Silver Lake Rd, Linden, MI 48451 or Holly branch at 15223 N. Holly Road, Holly, MI 48442. Penalty for early withdrawal. Promotion ends 11/29/2019.