Deposit Rates

Deposit Rates

Your money will see a lot of action.

Our numbers are in your favor. Frontwave Credit Union takes care of members in California and beyond with account rates that build up savings and put checking deposits to work every day.


Rates Effective September 26, 2022

General Information

  • Dividend and Loan Rates are determined by the Board of Directors and may change without notice.
  • You must maintain a minimum daily balance of $50.00 or have an outstanding loan balance to be an active member.
  • Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
  • Dividends are calculated daily and compounded and paid monthly.

Share Savings Account

Balance Needed to Earn Dividends Dividend Rate Annual Percentage Yield
$5.00 0.05% 0.05%

Checking Accounts

Type of Account Balance Needed to Earn Dividends Dividend Rate Annual Percentage Yield
Primary
Dividend Plus $5 0.05% 0.05%

Primary Checking: has no monthly fee and no minimum balance.

Business Checking Accounts

Type of Account Balance Needed to Earn Dividends Dividend Rate Annual Percentage Yield
Primary
Business Dividend $5 0.01% 0.01%

Money Market & Money Market IRAs

Balance Needed to Earn Dividends Dividend Rate Annual Percentage Yield
$2,500 to $9,999 0.05% 0.05%
$10,000 to $24,999 0.05% 0.05%
$25,000 to $49,999 0.10% 0.10%
$50,000 to $99,999 0.10% 0.10%
$100,000 or more 0.10% 0.10%

$2,500 minimum opening deposit.
Funds may be withdrawn at any time without penalty, except loss of dividends, if you close your account before dividends are paid. Fees may reduce earnings. There is no minimum balance to earn dividends.

Individual Retirement Accounts & Roth Individual Retirement Accounts

Minimum Deposit Dividend Rate Annual Percentage Yield
$50.00 0.05% 0.05

Additional contributions may be made at any time.
Dividends are tax-deferred until withdrawal.
Early withdrawal of funds (before the IRA holder is 59 1/2 years of age) may be subject to penalty. Penalty for early withdrawal applies There is no minimum balance to earn dividends.

Share Certificates

Term Dividend Rate Annual Percentage Yield
6-Month 0.29% 0.30%
1-Year 1.98% 2.00%
18-Month¹ 3.20% 3.25%
2-Year 2.23% 2.25%
3-Year 0.69% 0.70%
4-Year 0.79% 0.80%
5-Year 0.99% 1.00%
Minimum Deposit/Balance - $1,000

¹18-month Share Certificate available for new money only. New money is defined as funds not currently or previously on deposit with Frontwave Credit Union in the last 30 days.

IRA/Roth IRA Share Certificates

Term Dividend Rate Annual Percentage Yield
6-Month 0.29% 0.30%
1-Year 0.39% 0.40%
2-Year 0.59% 0.60%
3-Year 0.69% 0.70%
4-Year 0.79% 0.80%
5-Year 0.99% 1.00%
Minimum Deposit/Balance - $1,000

Saver Certificates

Term Dividend Rate Annual Percentage Yield
6-Month 0.54% 0.55%
1-Year 0.64% 0.65%
2-Year 0.84% 0.85%
3-Year 0.94% 0.95%

Opening deposit $100 (minimum) to  $500 (maximum)
Monthly deposits between $10 (minimum) to $500 (maximum). Penalty for withdrawal. Minimum daily balance to earn dividends.

Military Saver Certificates

Term Dividend Rate Annual Percentage Yield
6-Month 0.79% 0.80%
1-Year 2.96% 3.00%
2-Year 1.09% 1.10%
3-Year 1.19% 1.20%

Available for active duty and retired military personnel only
Opening deposit $100 (minimum) to  $500 (maximum)
Monthly deposits between $10 (minimum) to $500 (maximum)
Withdrawal of certificate funds before maturity may be subject to penalties.
Rates and terms subject to change without notice. Membership subject to approval. Minimum daily balance of $100.00 required to earn dividends. Penalty for early withdrawal.

*APY = Annual Percentage Yield. Available for new money only. New money is defined as funds not currently or previously on deposit with Frontwave Credit Union in the last 30 days. Minimum opening deposit is $1,000. Rate and term valid as of 7/21/22 for 18-month Share Certificate only. Rate subject to change without notice. Must be a member or qualify for membership to open a certificate.

Limited Time Offer

Earn 3.25% APY* for 18 months!

Open a Certificate