Effective August 24, 2020
Featured Special
Savings (Share Accounts)
Product |
Balance |
APY* |
|---|---|---|
| Regular Shares | > $0 | 0.05% |
| Bright Future Savings+ | > $0.01 – $2,000 > $2,000 |
3.00% 0.25% |
| IRA Shares (Individual Retirement Accounts) | > $0 | 0.05% |
| Club Accounts (Holiday and Vacation) | > $0 | 0.05% |
| HSA (Health Savings Accounts) | > $0 | 1.50% |
| Jumbo Money Market Account Regular or IRA |
$0.01 – $9,999.99 $10,000.00 – $49,999.99 $50,000.00 – $99,999.99 >= $100,000.00 |
0.05% 0.10% 0.20% 0.30% |
| Accumulator Money Market Account++ Accumulator Default Rate (if account conditions are not met) |
$0.01 – $2,000.00 $2,000.01 – $6,000.00 $6,000.01 – $10,000.00 > $10,000.00 All Balances |
2.50% 1.50% 0.50% 0.05% 0.05% |
+ The Bright Future Savings Account is a “Split Rate Tiered” account. You will earn the stated APY only for the account balance within each tier. 3.00% APY is paid on balances up to $2,000.00. Balances over $2,000.00 earn 0.25% APY. The account is a variable rate account and rates can change at any time. This account may only be opened by members between the ages of 14 and 28. After reaching the age of 29, account will remain open at the discretion of the account holder. This offer can be withdrawn at any time. No minimum to open. Limit of one Bright Future Savings Account per Social Security number. No minimum to open. Limit of one Bright Future Account per Social Security number.
++(APY = Annual Percentage Yield). The Accumulator Money Market Account is a split rate tiered account and will earn the stated APY only for the account balance within each tier.
To earn the stated APYs, you must have a GO Checking or SUN Checking Account with a month end balance of at least $100. Failure to meet this requirement will cause the account to earn the “Default APY” of 0.05% across all tiers. (Please visit CharterOak.org or call 860.446.8085 for GO Checking and SUN Checking Account information.) Limit of one Accumulator Money Market Account per Social Security or Tax Identification Number. The Accumulator Money Market Account is a variable rate account and the rates can change at any time.
Share & IRA Certificates
Term |
Minimum Balance |
APY* |
|---|---|---|
| 30 Day | $1,000 | 0.05% |
| 3 Month | $1,000 | 0.15% |
| 6 Month | $1,000 | 0.30% |
| 12 Month | $1,000 | 0.40% |
| Gold – 18 Month + | $1,000 | 0.80% |
| 24 Month | $1,000 | 0.70% |
| 36 Month | $1,000 | 0.90% |
| 48 Month | $1,000 | 0.90% |
| 60 Month | $1,000 | 0.90% |
| 72 – 120 Month | $1,000 | 0.90% |
* APY = Annual Percentage Yield. APY accurate as of last dividend declaration date. Fees could reduce earnings on an account. Substantial penalties for early withdrawal from share and IRA certificates. The Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. Must qualify for credit union membership.
+ Available only to Gold Rewards Members; to see if you qualify for the Gold Rewards program, you may visit our website at CharterOak.org/goldrewards, call 860.446.8085 or 800.962.3237 or see a Member Service Representative for program details.
Share Certificate Specials
Term |
Minimum Balance |
APY* |
|---|---|---|
| 7-Month Certificate+ | $1,000 | 0.80% |
| 20-Month Certificate++ | $1,000 | 0.80% |
+(APY = Annual Percentage Yield). This APY is effective July 6, 2020 and requires a minimum balance of $1,000 to open. The stated APY is for “Gold Rewards” members and also available for non-“Gold Rewards” members who open a certificate with funds not currently on deposit at Charter Oak Federal Credit Union. Not available on HSA, IRA and other retirement accounts. The stated APY assumes that the dividends will remain on deposit until maturity. A penalty for an early withdrawal may apply. Rate is subject to change at any time. This offer can be withdrawn at any time.
++(APY = Annual Percentage Yield). This APY is effective July 6, 2020. Minimum balance to open is $1,000.00. The stated APY assumes that the dividends will remain on deposit until maturity. A Jumbo Money Market Account is required to be opened to receive certificate funds at maturity. Rate is subject to change at any time. Not available on HSA, IRA and other retirement accounts. A penalty for early withdrawal may apply. This offer can be withdrawn at any time.
Checking (Share Draft Accounts)
Product |
Balance |
APY* |
|---|---|---|
| GO Checking ‡ | <= $10,000 > $10,000 |
3.00% 0.25% |
| GO Checking Default Rate (if account conditions are not met) ‡ |
All Balances | 0.05% |
| Charter Classic | >= $1,000 | 0.05% |
‡ GO Checking disclosure and rate information: *(APY = Annual Percentage Yield) The GO Checking Account is a “Split Rate Tiered” account. You will earn the stated APY only for the account balance within each tier. 3.00% APY is paid on balances up to $10,000. Balances over $10,000 earn 0.25% APY. The “Default APY Rate” of 0.05% will be applied to all tiered balances if account conditions are not met. This account will also rebate all Charter Oak foreign ATM fees and ATM surcharged fees by other financial institutions or networks up to $9.99 each to a maximum of $20 per month and rebated monthly if certain conditions are met. Account Conditions: To earn the stated APYs and rebate of ATM fees, you must have e-Statement,** Online Banking, 10 Debit Card transactions posted per month (excluding ATM transactions) and have either Direct Deposit of $750 posted in each calendar month or have 4 unique “Bill Pays” cleared in each calendar month except for the month the account is opened. Failure to meet any one of these requirements during a calendar month will cause the account to earn the “Default APY Rate” of 0.05% on all tiered balances and ATM fees will not be rebated. This account is a variable rate account and rates can change at any time. This offer can be withdrawn at any time. Limit of one GO Checking Account per qualified member number.
**You must complete the eDocument test drive in Online Banking to demonstrate your ability to access information in electronic format. If you fail to take the test drive your account will earn the “Default APY” of 0.05% on all tiered balances and ATM fees will not be rebated.
Business Checking
Product |
Balance |
APY* |
|---|---|---|
| Premier Business Checking Account | $0.01 – $24,999.99 $25,000.00 – $99,999.99 $100,000.00 – $249,999.99 >= $250,000.00 |
0.05% 0.10% 0.25% 0.40% |
| Non-Profit 501 (c) Checking 1 | $0.01 – $24,999.99 $25,000.00 – $99,999.99 $100,000.00 – $249,999.99 >= $250,000.00 |
0.05% 0.10% 0.25% 0.40% |
| IOLTA Checking Account | $0.01 – $24,999.99 $25,000.00 – $99,999.99 $100,000.00 – $249,999.99 >= $250,000.00 |
0.05% 0.10% 0.25% 0.40% |
| IOREBTA Checking | $0.01 – $24,999.99 $25,000.00 – $99,999.99 $100,000.00 – $249,999.99 >= $250,000.00 |
0.05% 0.10% 0.25% 0.40% |
1- Available to Non-Profit 501 (c) Organizations. Some restrictions may apply. See a Member Service Representative for details.
ENJOY THESE GREAT OFFERS
EARN 1.50% APY* ON OUR HSA ACCOUNT
*APY = Annual Percentage Yield Effective November 1, 2020
AUTO LOAN RATES AS LOW AS 2.74% APR**
**APR = Annual Percentage Rate Effective November 1, 2020
EARN 3.00% APY* ON GO CHECKING
*APY = Annual Percentage Yield Effective November 1, 2020
ACCELERATOR MORTGAGE AS LOW AS 2.79%/2.85% APR**
**APR = Annual Percentage Rate Effective November 1, 2020