BHCU’s iSAVE account rate is variable but it  is not a “teaser rate.”  This is a high-yield savings account designed exclusively for BHCU members. In keeping with the intention of being a long-term savings account, each SAVER will earn the highest interest rate if no more than one (1) withdrawal is completed monthly.  However, if a SAVER makes more than one (1) withdrawal that account will still receive our highly competitive “Regular Share” interest rate during that month.

ACCOUNT DETAILS

Interest Rate-1.00% A.P.Y¹
-Interest is compounded daily and credited monthly
Benefits-No fixed term
-No fees, no minimum balance requirement = no problems
-Interest rate may rise
-24/7 account access
-Insured up to $500,000
-Each member can have multiple Youth iSAVE accounts
Risks-Multiple monthly withdrawals will result in a lower interest rate
-Interest rate may fall
Account conditions²-Maximum opening deposit can not exceed $250
-Monthly automatic deposits can not exceed $250 monthly
-New money only³
When member turns 18 it will automatically roll into an iSAVE account
-Consumer accounts only
-An Youth iSAVE account does not replace a Regular Share account
Deposits-Deposits can be made at any time but can not exceed $250 monthly
WithdrawalsRegular Share rate will be applied for any month in which more than one (1) withdrawal occurs
Eligibility-Exclusive to BHCU members only
-Members ages 0-17
¹A.P.Y. is Annual Percentage Yield and is subject to change after account opening.  A.P.Y. is effective as of 6/1/2017 for accounts that do not exceed one (1) withdrawal in the month, and meet the account conditions.  ²If any of the account conditions are not met for the month, the A.P.Y. for the month is adjusted to BHCU’s Regular Share A.P.Y.  Monthly deposits exceeding $250 will automatically transfer to their Regular Share account.  Failure to comply with the account conditions may result in account closure.  ³New money is money not currently on deposit at BHCU.  Federally Insured by NCUA.