Savings/Rates Savings Products

Opening a basic Savings (Share) account is the foundation of your membership at Picatinny Federal Credit Union. All members are required to open a basic savings account with a minimum deposit of $5. In order to receive all the benefits of your credit union membership, you must maintain a minimum balance of $5. This account earns a competitive rate and dividends will be credited to your account monthly. If your balance falls below the $5 minimum, your account will not earn a dividend.

Our Club Accounts allow you to save for any purpose: holidays, vacation, auto, taxes, etc. and you can easily fund them with Direct Deposit or payroll deduction.

Share Certificates are available in flexible terms of 6 months to 5 years and can be opened with as little as $500. Dividends are credited to your account on a monthly basis.

Our Money Market Accounts have four different tiers with competitive interest rates and can be opened with a minimum of $1000.

IRA Accounts are available as Traditional, Roth and Educational IRAs. We offer an IRA Share Account as well as IRA Share Certificates at competitive rates. Annual contributions may be tax deductible or tax-free.

We encourage your family members to become members of Picatinny as well. Once you are a member, invite your family to open their own accounts and become members of the Picatinny Federal Credit Union family.

Your savings is federally insured to at least $250,000 by the National Credit Union Administration (NCUA). Please refer to the Terms and Conditions of Your Account(link) for further details on all of these accounts.

Savings-Checking-IRAs

TypeAnnual Percentage YieldDividend Rate

* APY=Annual Percentage Yield. APYs are effective as of 12/01/17 and are subject to change without notice. Rates are for comparison only. Actual rates may vary. Fees could reduce the earnings on the account (only applies if maintenance or activity fees are associated with the account).

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Shares (Min. $5.00)0.120% APY*0.120%
Share Drafts0.010% APY0.010%
IRA (Min. $500.00)0.120% APY0.120%

Money Market

LevelAnnual Percentage YieldBalance Range 

* APY=Annual Percentage Yield. APYs are effective as of 12/01/17 and are subject to change without notice. Rates are for comparison only. Actual rates may vary. Fees could reduce the earnings on the account (only applies if maintenance or activity fees are associated with the account).

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

1st Level Money Market0.080% APY*$1,000.00-$9,999.99 Apply
2nd Level Money Market0.100%$10,000.00-$29,999.99 Apply
3rd Level Money Market0.200%$30,000.00-$49,999.99 Apply
4th Level Money Market0.250%$50,000.00 and up Apply

Share Certificate

Term of AccountAnnual Percentage YieldDividend RateMinimum Balance 

* APY=Annual Percentage Yield. APYs are effective as of 12/01/17 and are subject to change without notice. Rates are for comparison only. Actual rates may vary. Fees could reduce the earnings on the account (only applies if maintenance or activity fees are associated with the account).

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

6 Month Share Certificate0.600% APY*0.600%$500.00 Apply
12 Month Share Certificate1.000% APY1.000%$500.00 Apply
18 Month Share Certificate1.150% APY1.145%$500.00 Apply
24 Month Share Certificate1.350% APY1.345%$500.00 Apply
36 Month Share Certificate1.600% APY1.590%$500.00 Apply
48 Month Share Certificate1.850% APY1.835%$500.00 Apply
60 Month Share Certificate2.100% APY2.080%$500.00 Apply

IRA Certificate

Term of AccountAnnual Percentage YieldDividend RateMinimum Balance 

* APY=Annual Percentage Yield. APYs are effective as of 12/01/17 and are subject to change without notice. Rates are for comparison only. Actual rates may vary. Fees could reduce the earnings on the account (only applies if maintenance or activity fees are associated with the account).

Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

12 Month IRA Share Certificate1.000% APY*1.000%$500.00 Apply
18 Month IRA Share Certificate1.150% APY1.145%$500.00 Apply
24 Month IRA Share Certificate1.350% APY1.345%$500.00 Apply
36 Month IRA Share Certificate1.600% APY1.590%$500.00 Apply
48 Month IRA Share Certificate1.850% APY1.835%$500.00 Apply
60 Month IRA Share Certificate2.100% APY2.080%$500.00 Apply

Vacation Club

TypeAnnual Percentage YieldDividend Rate

* APY=Annual Percentage Yield. APYs are effective as of 12/01/17 and are subject to change without notice. Rates are for comparison only. Actual rates may vary. Fees could reduce the earnings on the account (only applies if maintenance or activity fees are associated with the account).
Please call the credit union for the most up to date rate information. Not responsible for typographical errors.

Vacation Club (Min. $5.00)0.030% APY*0.030%

Holiday Club

TypeAnnual Percentage YieldDividend Rate

* APY=Annual Percentage Yield. APYs are effective as of 12/01/17 and are subject to change without notice. Rates are for comparison only. Actual rates may vary. Fees could reduce the earnings on the account (only applies if maintenance or activity fees are associated with the account).
Please call the credit union for the most up to date rate information. Not responsible for typographical errors..

Holiday Club (Min. $5.00)0.030% APY*0.030%