Deposit Rates

Beach Municipal FCU Offers Competitive Deposit Rates

Credit Unions traditionally offer higher deposit rates than other financial institutions, and we are no exception!  We regularly review our rates to ensure Beach Municipal FCU members' deposit rates are competitive in our market.

If you would like to make an appointment to discuss or open any of our deposit accounts, please use the following secure form. 

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Share Account Rates

Share Account Rates
Effective Date: Monday, April 1, 2023
NameDividend RateAnnual Percentage Yield APYMinimum Opening DepositMinimum Balance to Avoid Service FeesMinimum Balance to Earn Stated APYBalance Method
Share/All About Me
Tier I 0.00% 0.00% $5.00 $0.00 $0-$25 Daily
Tier II 0.00% 0.00% $5.00 $0.00 $25.01- $250 Daily
Tier III 0.10% 0.10% $5.00 $0.00 $250.01 - $1,000 Daily
Tier IV 0.15% 0.15% $5.00 $0.00 $1,000.01 & over Daily

Dividend Rate and Annual Percentage Yield were accurate as of the effective date above. Rates are subject to change at any time and are not guaranteed. Rate may change after the account is open. Fees may reduce the earnings on the account. For additional information about fees, please see the Rate & Fee Schedule. For additional information on your account, please see your Membership & Account Agreement. All deposits are federally insured up to $250,000.00 by the National Credit Union Administration (NCUA), a U.S. Government agency. Please visit their site for details. If you have any questions or require assistance, please call the Credit Union at 757.333.7787.

Disclosures and other details.

Long John Saver & The Pipeline Account Rates
Effective Date: Monday, April 1, 2023
NameRateAPYMinimum Opening DepositMinimum Balance to Avoid Service FeesMinimum Balance to Earn Stated APYBalance Method
Share/Long John Saver & The Pipeline
Long John Saver & The Pipeline 0.15% 0.15% $5.00 $0.00 $5.00 Daily

Dividend Rate and Annual Percentage Yield were accurate as of the effective date above.  Rates are subject to change at any time and are not guaranteed. Rate may change after the account is open. Fees may reduce the earnings on the account. For additional information about fees, please see the Rate & Fee Schedule. For additional information on your account, please see your Membership & Account Agreement.  All deposits are federally insured up to $250,000.00 by the National Credit Union Administration (NCUA), a U.S. Government agency. Please visit their site for details.  If you have any questions or require assistance, please call the Credit Union at 757.333.7787.

Disclosures and other details.

Share Vacation & Holiday Rates
Effective Date: Monday, April 1, 2023
NameRateAPYMinimum Opening DepositMinimum Balance to Avoid Service FeesMinimum Balance to Earn Stated APYBalance Method
Share/Vacation & Holiday
Holiday & Vacation 0.15% 0.15% $5.00 $0.00 $5.00 Daily

Dividend Rate and Annual Percentage Yield were accurate as of the effective date above.  Rates are subject to change at any time and are not guaranteed. Rate may change after the account is open. Fees may reduce the earnings on the account. For additional information about fees, please see the Rate & Fee Schedule. For additional information on your account, please see your Membership & Account Agreement.  All deposits are federally insured up to $250,000.00 by the National Credit Union Administration (NCUA), a U.S. Government agency. Please visit their site for details.  If you have any questions or require assistance, please call the Credit Union at 757.333.7787.

Disclosures and other details.

Checking Account Rates

Checking Account Rates
Effective Date: Monday, April 1, 2023
NameRateAPYMinimum Opening DepositMinimum Balance to Avoid Service Fees**Minimum Balance to Earn Stated APYBalance Method
Checking Account 0.05% 0.05% $0.00 $0.00 $500.00 Daily

Dividend Rate and Annual Percentage Yield were accurate as of the effective date above.  Rates are subject to change at any time and are not guaranteed. Rate may change after the account is open. Fees may reduce the earnings on the account. For additional information about fees, please see the Rate & Fee Schedule. For additional information on your account, please see your Membership & Account Agreement.  All deposits are federally insured up to $250,000.00 by the National Credit Union Administration (NCUA), a U.S. Government agency. Please visit their site for details.  If you have any questions or require assistance, please call the Credit Union at 757.333.7787.

Disclosures and other details.

Money Market Account Rates

Money Market Account Rates
Effective Date: Wednesday, November 1, 2023
NameRateAPYMinimum Opening DepositMinimum Balance to Avoid Service FeesMinimum Balance to Earn Stated APYBalance Method
Tier I 0.15% 0.15% $2,500.00 $0.00 $0 -$2,499.99 Daily
Tier II 0.60% 0.60% $2,500.00 $0.00 $2,500 -$9,999.99 Daily
Tier III 0.75% 0.75% $2,500.00 $0.00 $10,000 -$24,999.99 Daily
Tier IV 1.10% 1.11% $2,500.00 $0.00 $25,000 -$99,999.99 Daily
Tier V 1.70% 1.71% $2,500.00 $0.00 $100,000 & over Daily

Dividend Rate and Annual Percentage Yield were accurate as of the effective date above.  Rates are subject to change at any time and are not guaranteed. Rate may change after the account is open. Fees may reduce the earnings on the account. For additional information about fees, please see the Rate & Fee Schedule. For additional information on your account, please see your Membership & Account Agreement.  All deposits are federally insured up to $250,000.00 by the National Credit Union Administration (NCUA), a U.S. Government agency. Please visit their site for details.  If you have any questions or require assistance, please call the Credit Union at 757.333.7787.

Disclosures and other details.

Share Certificate Rates

Share Certificates Rates
Effective Date: Tuesday, February 20th, 2024
TermMinimum BalanceRateAPY*
6 months $500.00 1.03% 1.03%
12 months $500.00 1.17% 1.18%
30 months $500.00 1.34% 1.35%
60 months $500.00 4.13% 4.19%
91 days $1,000.00 0.90% 0.90%
6 months $1,000.00 1.92% 1.92%
12 months $1,000.00 2.56% 2.58%
18 months $1,000.00 2.78% 2.81%
30 months $1,000.00 2.93% 2.96%
6 months $10,000.00 1.55% 1.55%
12 months $10,000.00 4.40% 4.47%
18 months $10,000.00 4.40% 4.47%
24 months $10,000.00 4.25% 4.32%
30 months $10,000.00 4.30% 4.37%

*APY = Annual Percentage Yield.  Dividend Rate and Annual Percentage Yield were accurate as of the effective date above.  Rates are subject to change at any time and are not guaranteed. Rate may change after the account is open. Declared minimum balance is required to both open the account and earn the stated APY.  Fees may reduce the earnings on the account. For additional information about fees, please see the Rate & Fee Schedule. For additional information on your account, please see your Membership & Account Agreement. Federally insured by NCUA. Early withdrawal penalties may apply. If you have any questions or require assistance, please call the Credit Union at 757.333.7787.

Youth Share Certificate Rate
Effective Date: Thursday, June 29, 2023
Part of Long John Saver Kids Club & Pipeline for Teens
TermAvailable OptionsRateAPY
60 months $50 and $100 only 4.91% 5.00%

*APY = Annual Percentage Yield.  Dividend Rate and Annual Percentage Yield were accurate as of the effective date above.  Rates are subject to change at any time and are not guaranteed. Rate may change after the account is open. Declared minimum balance is required to both open the account and earn the stated APY.  Fees may reduce the earnings on the account. For additional information about fees, please see the Rate & Fee Schedule. For additional information on your account, please see your Membership & Account Agreement. Federally insured by NCUA. Early withdrawal penalties may apply. If you have any questions or require assistance, please call the Credit Union at 757.333.7787.

 

Me Too Share Certificate Rate
Effective Date: Thursday, June 29, 2023
Part of our All About Me & Long John Saver Kids Club
TermMinimum Opening DepositRateAPY*
See disclosure $50.00 1.34% 1.35%

*APY = Annual Percentage Yield.  Dividend Rate and Annual Percentage Yield were accurate as of the effective date above.  Rates are subject to change at any time and are not guaranteed. Rate may change after the account is open. Declared minimum balance is required to both open the account and earn the stated APY.  Fees may reduce the earnings on the account. For additional information about fees, please see the Rate & Fee Schedule. For additional information on your account, please see your Membership & Account Agreement. Federally insured by NCUA. Early withdrawal penalties may apply. If you have any questions or require assistance, please call the Credit Union at 757.333.7787.

 

IRA Share & IRA Share Certificate Rates

IRA Share Rates
Effective Date: Sunday, January 1, 2023
NameRateAPYMinimum Opening DepositMinimum Balance to Avoid Service FeesMinimum Balance to Earn Stated APYBalance Method
IRA Share 0.50% 0.50% $0.00 $0.00 $0.00 Daily

Dividend Rate and Annual Percentage Yield were accurate as of the effective date above.  Rates are subject to change at any time and are not guaranteed. Rate may change after the account is open. Fees may reduce the earnings on the account. For additional information about fees, please see the Rate & Fee Schedule. For additional information on your account, please see your Membership & Account Agreement. This Credit Union is federally insured by the National Credit Union Administration (NCUA), a U.S. Government agency. Please visit their site for details. If you have any questions or require assistance, please call the Credit Union at 757.333.7787.

Disclosures and other details

IRA Share Certificate Rates
Effective Date: Tuesday, February 20th, 2024
TermMinimum Opening DepositRateAPY*
12 months $500.00 2.16% 2.16%
12 months $2,500.00 4.45% 4.45%

*APY = Annual Percentage Yield.  Dividend Rate and Annual Percentage Yield were accurate as of the effective date above.  Rates are subject to change at any time and are not guaranteed. Rate may change after the account is open. Declared minimum balance is required to both open the account and earn the stated APY.  Fees may reduce the earnings on the account. For additional information about fees, please see the Rate & Fee Schedule. For additional information on your account, please see your Membership & Account Agreement. Federally insured by NCUA. Early withdrawal penalties may apply. If you have any questions or require assistance, please call the Credit Union at 757.333.7787.

Disclosures and other details.

 

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