Deposit 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
0.10%
0.10%
Vibe – Minimum Balance to Open: $5.00 Minimum Balance to Earn Dividends: $200.00
APY
Dividend Rate
All
0.10%
0.10%
Super Saver Club – Minimum Balance to Open: $5.00 Minimum Balance to Earn Dividends: $0.00
APY
Dividend Rate
All
0.15%
0.15%
Christmas Club- Minimum Balance to Open: $5.00 Minimum Balance to Earn Dividends: $200.00
APY
Dividend Rate
All
0.15%
0.15%
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
0.15%
0.15%
$5,000.00-$9,999.99
0.20%
0.20%
$10,000.00-$49,999.99
0.25%
0.25%
$50,000.00-$99,999.99
0.30%
0.30%
$100,000.00-$249,999.99
0.40%
0.40%
$250,000.00-$499,999.99
0.50%
0.50%
$500,000.00 +
0.55%
0.55%
BAMM!- Minimum Balance to Open: $25,000 Minimum Balance to Earn Dividends: $25,000
BAMM! Qualifer
APY
Dividend Rate
$25,000.00 – $99,999.99
3.30%
3.25%
$100,000.00 – $249,999.99
3.56%
3.50%
$250,000.00 or Greater
3.81%
3.75%
BAMM! Standard
APY
Dividend Rate
$25,000.00 – $99,999.99
1.71%
1.70%
$100,000.00 – $249,999.99
1.87%
1.85%
$250,000.00 or Greater
2.02%
2.00%
Business Money Market Account – Minimum Balance to Open: $10,000.00 Minimum Balance to Earn Dividends: $10,000.00
Business Money Market Account
APY
Dividend Rate
Introductory Rate All Tiers
4.70%
4.60%
$10,000.00-$24,999.99
1.51%
1.50%
$25,000.00-$249,999.99
4.70%
4.60%
$250,000.00 and up
3.66%
3.60%
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
1.51%
1.50%
$250,001.00 +
1.50%-1.14%
0.25%
Non-Qualifying
0.01%
0.01%
All dividends compounded and credited quarterly except Business Money Market Accounts, BAMM! Accounts, Kasasa Saver & Kasasa Cash accounts which are compounded and credited monthly. APY = Annual Percentage Yield.
ELGA Elite Accounts: Requires minimum opening balance equal to lowest amount of each tier level (ex. $1,000-$4,999.99 minimum opening balance is $1,000). Minimum balance to earn dividends is the same as minimum opening balance on all ELGA Elite accounts. Balances below $1,000 on ELGA Elite will earn regular savings rate unless under $200 then will not earn interest.
BAMM! Accounts: To earn the Qualifying Rate, you must have a checking account with an average daily balance of $5,000 monthly OR an ELGA VISA Credit Card with monthly purchases totaling $2,500 or more in the calendar month. The checking account or ELGA VISA Credit Card must be held under the same account number as the BAMM! Account. If neither of these is attained in a calendar month, the rate will default to the Standard Rate until the next qualification cycle. Business accounts are excluded from this offer. Balance transfers and cash advances on the ELGA VISA Credit Card do not count toward the qualifying monthly purchase totals. Credit vouchers for returns will reduce your purchase total for the month. Rates are variable and may change after the account is opened.
Business Money Market Accounts: Only one is allowed per business member. When you start a Business Money Market account, the introductory rate applies for six (6) dividend rate cycles. After that, the dividend rate goes to the regular rate stated above. Each dividend cycle begins on the first day of the calendar month and ends on the last day of the calendar month. Your dividend rate will only change on the first day of the month. For example, if you start the account on January 15, the introductory rate will apply through July 31, even though July 15 is exactly 6 months from the account starting date. The regular dividend rate will apply starting August 1. ELGA reserves the right to end this Introductory Rate Offer at any time.
For further details please see our Rate and Service Charges Disclosure.
CHECKING RATES
Vibe – Minimum Opening Balance: $0.00 Minimum Balance to Earn Dividends: $500.00
APY
Dividend Rate
All Consumer and Business
0.10%
0.10%
Basic Cash – Minimum Opening Balance: $0.00 Minimum Balance to Earn Dividends: $10,000.00
APY
Dividend Rate
All
0.10%
0.10%
Business – Minimum Opening Balance: $0.00 Minimum Balance to Earn Dividends: $10,000.00
APY
Dividend Rate
All
0.10%
0.10%
Kasasa Cash Back – Minimum Opening Balance: $0.00 No Dividends Earned
APY
Dividend Rate
All
0.00%
0.00%
Kasasa Cash Classic* – Minimum Opening Balance: $0.00 Minimum Balance to Earn Dividends: $0.00
Kasasa Cash Classic
APY
Dividend Rate
$0.00-$15,000.00
3.00%
$15,001.00 +
0.25%
Non-Qualifying
0.01%
0.01%
Kasasa Cash – Minimum Opening Balance: $0.00 Minimum Balance to Earn Dividends: $0.00
APY
Dividend Rate
$0.00-$15,000.00
6.17%
6.00%
$15,001.00 +
6.17%-1.01%
0.25%
Non-Qualifying
0.01%
0.01%
Focus – Minimum Opening Balance: $50.00 No Dividends Earned
APY
Dividend Rate
All
0.00%
0.00%
Community – Minimum Opening Balance: $0.00 Minimum Balance to Earn Dividends: $10,000.00
APY
Dividend Rate
All
0.10%
0.10%
Dividends compounded and credited quarterly except Kasasa Cash Classic, Kasasa Cash and Kasasa Cash with Kasasa Saver dividends are compounded and credited monthly. APY = Annual Percentage Yield.
*Kasasa Cash Classic accounts are no longer offered.
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%
CD/IRA RATES
Learn2Save: Minimum Opening Balance & Balance to Earn Dividends: $250.00
Months
APY
Dividend Rate
Learn2Save 12 Month
2.62%
Learn2Save 24 Month
2.75%
2.72%
Promotional Regular CD / Traditional IRA CD & Roth IRA CD Accounts: Minimum Opening Balance & Balance to Earn Dividends: $1,000.00
Months
APY
Dividend Rate
20 Month Promo CD
4.55%
4.47%
20 Month IRA Promo CD
4.55%
4.47%
20 Month Roth IRA Promo CD
4.55%
4.47%
Save To Win: Minimum Opening Balance: $25.00 Minimum Balance to Earn Dividends: $0.00
Months
APY
Dividend Rate
12 Month $0.00 - $24,999.99
0.75%
0.75%
12 Month $25,000.00 and over
0.10%
0.10%
Traditional IRA, Roth IRA & Coverdell ESA IRA Savings: Minimum Opening Balance & Balance to Earn Dividends: $0.00
Amount
APY
Dividend Rate
$0.00-$9,999.99
0.50%
0.50%
$10,000.00-$49,999.99
0.75%
0.75%
$50,000.00-$199,999.99
1.00%
1.00%
$200,000.00-$499,999.99
1.25%
$500,000.00 +
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
Months
APY
Dividend Rate
12 Month
2.62%
24 Month
2.75%
2.72%
36 Month
2.85%
2.82%
48 Month
2.95%
2.92%
60 Month
3.15%
3.11%
72 Month
3.20%
$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
Months
APY
Dividend Rate
12 Month
2.70%
24 Month
2.80%
2.77%
36 Month
2.90%
2.87%
48 Month
3.00%
2.97%
60 Month
3.20%
3.16%
72 Month
3.25%
3.21%
$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
Months
APY
Dividend Rate
12 Month
2.75%
2.72%
24 Month
2.85%
2.82%
36 Month
2.95%
2.92%
48 Month
3.05%
3.02%
60 Month
3.25%
3.21%
72 Month
3.30%
3.26%
$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
Months
APY
Dividend Rate
12 Month
2.80%
2.77%
24 Month
2.90%
2.87%
36 Month
3.00%
2.97%
48 Month
3.10%
3.06%
60 Month
3.35%
3.31%
72 Month
3.40%
3.36%
$500,000.00 Tier: Regular CD / Traditional IRA CD & Roth IRA CD Accounts: Minimum Opening Balance & Balance to Earn Dividends: $1,000.00
Months
APY
Dividend Rate
12 Month
2.85%
2.82%
24 Month
2.95%
2.92%
36 Month
3.05%
48 Month
3.15%
3.11%
60 Month
3.45%
3.41%
72 Month
3.51%
3.46%
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.