High Yield Account Disclosure

The Destinations Credit Union High Yield Account is a variable dividend rate savings account that pays a competitive dividend rate, generally higher than the Regular Share Account.

Dividends

The High Yield Accounts offers a variable dividend rate for those accounts that maintain a minimum daily balance. This rate may change monthly based on the determination of the Credit Union Board of Directors. The dividend period is monthly. Dividends are calculated daily, compounded monthly and paid monthly. Dividends are posted to the member’s account on the first day of the following month.  Accounts closed prior to the end of the month will forfeit dividends for that month. For current dividend rate information, please call CUTalk Telephone Teller, visit the branch, visit our Web site at www.destinationscu.org or us our mobile app.

Minimum Daily Balance

The minimum required daily balance for the High Yield Account is $2,500.00. There are three tiers for the Money Market Account beginning with $2,500.00-$9,999.99, $10,000.00-$24,999.99 and $25,000.00 and higher. Each tier will earn a competitive dividend rate. For each day the daily balance falls below the tier dividend rate it will earn the disclosed dividend rate for that tier. If the balance falls below $2,500.00 but not less than $50 the account will earn the disclosed dividend rate for the non-qualifying Kasasa Cash checking account. No dividends will be paid for balances less than $50.00. Any account that fails to maintain the minimum daily balance of $2,500.00 is subject to Destinations Credit Union closing the High Yield Account and transferring the remaining funds to the Share Account.

Funds Access

The High Yield Account allows each account owner to perform up to six transactions, other than in person, per month against this account. These transactions include, transactions performed via the Call Center, Online Banking, or CUTalk. Automatic transfers (payments made toward Destinations Credit Union loans do not count against this limit). Members may access this account in person at the teller window without limitation.

Get Started

Apply today! Apply online or stop by the Credit Union.


HOLIDAY CLOSING: Destinations will be CLOSED on Monday, May 30, 2022 in Observance of Memorial Day. BRANCH UPDATE: Effective Monday March 14th, until further notice, our Satyr Hill lobby will be open on Mondays, Wednesdays, & Fridays. The Drive-thru will be open Monday thru Saturday with normal business hours. Our Northwest Hospital branch lobby will be open on Thursdays only at this time.Learn more