Share Rates
Truth-in-Savings Account Disclosure:
This Disclosure sets forth certain conditions and rates applicable to accounts at Hockley County School Employees Credit Union as of 01-01-2024. Further details and additional information about the following accounts, including any applicable fees, are available by contacting Hockley County School Employees Credit Union at 806-894-6204.
| Effective as of | March 04, 2024 | ||
| Account | Dividend Rate | Annual Percentage Yield (APY)* | Minimum Balance |
|---|---|---|---|
| Shares (Savings) | **1.05% | 1.05% | $25.00 |
| Club Accounts *** | 1.30% | 1.31% | $25.00 |
| CD's > $1,000 | |||
| 6 months | 3.90% | 3.96% | $1,000 |
| 12 months | 4.15% | 4.22% | $1,000 |
| 24 months | 4.05% | 4.11% | $1,000 |
| 36 months | 4.15% | 4.22% | $1,000 |
| CD's > $10,000 | |||
| 6 months | 3.95% | 4.01% | $10,000 |
| 12 months | 4.40% | 4.47% | $10,000 |
| 24 months | 4.25% | 4.32% | $10,000 |
| 36 months | 4.35% | 4.42% | $10,000 |
| CD's > $100,000 | |||
| 6 months | 4.05% | 4.11% | $100,000 |
| 12 months | 4.65% | 4.73% | $100,000 |
| 24 months | 4.35% | 4.42% | $100,000 |
| 36 months | 4.45% | 4.52% | $100,000 |
*APY is defined as "Annual Percentage Yield"
**Dividend rate quoted for share account is based on rate paid on January 01, 2024. All future dividend rates to be paid will be determined during the month preceding the dividend pay date, which is every January 1, April 1, July 1, and October 1.
*** Club accounts pay a higher rate than regular share accounts. Club Accounts require a minimum of one automatic deposit per month into the account, and allow one free withdrawal per month. Withdrawals in excess of one per month will have a fee of $5.00 per withdrawal.
Early withdrawal penalties for all CD's are based upon length of original CD. Please contact the Credit Union for exact amount of early withdrawal penalties.