Deposit Rates
Competitive dividends keep your money growing.
Our rates are designed to give you something extra
Think of it as free money. At Purdue Federal, our competitive dividend rates can provide a nice boost to your checking, savings, money market, IRA, or share certificate balance.
Rates Effective 2023-06-01
Try our checking with no monthly fees. Balances over $1,000 may earn dividends.^
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| Tier | APY starting at* | Min Opening Balance | Min Balance to Earn Dividends | Dividends Paid | Dividends Compounded |
|---|---|---|---|---|---|
| Sensible Checking | 0.05% | $25 | $1,000 | Monthly | Monthly |
| Student Checking | n/a% | $25 | $1,000 | n/a | n/a |
| Merit Checking | 0.05% | $25 | $1,000 | n/a | n/a |
| Health Savings Checking | 0.05% | $0 | $1,000 | Monthly | Monthly |
*APY:Annual Percentage Yield. The APY means that the rate stated is actually the rate paid or earned on a yearly basis. No dividends can be paid in excess of available earnings. The methods used to determine all dividends and loan rates are established by the Rate Committee appointed by the Board of Directors. The rate may change after the account is opened.
^Balances over $1,000 may earn dividends for Gold and Diamond Status through the My Member Perks program. See My Member Perks for details.
Purdue Federal offers several types of savings accounts to help you with your saving goals.
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| Tier | APY starting at* | Min Opening Balance | Min Balance to Earn Dividends | Dividends Paid | Dividends Compounded |
|---|---|---|---|---|---|
| Basic Savings | 0.10% | $0 | $0 | Monthly | Monthly |
| Non-Interest Savings | n/a% | $0 | n/a | n/a | n/a |
Purdue Federal offers special certificate terms and rates to make sure you have every option to make your money grow.
Get up to .30% added to your rate (depending on your status) on Share Certificates through My Member Perks.
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| Product / Term1.a | Dividend Rate starting at22.b, 2.d | APY starting at22.b, 2.d(i) | Min. Opening Balance |
|---|---|---|---|
| 8-month Special | 4.50% | 4.60% | $5,000 |
| 15-month Special | 4.97% | 5.10% | $5,000 |
| 29-month Special | 3.75% | 3.82% | $5,000 |
Terms for All Certificates:
The APY means that the rate stated is actually the rate paid or earned on a yearly basis. No dividends can be paid in excess of available earnings. The methods used to determine all dividends and loan rates are established by the Rate Committee appointed by the Board of Directors.
*These rates show Bronze Status through the My Member Perks program. See My Member Perks for details. APY: Annual Percentage Yield
Let your money work for you with a Purdue Federal Share Certificate. Enjoy competitive rates and a variety of terms to fit your saving needs.
Get up to .30% added to your rate (depending on your status) on Share Certificates through My Member Perks.
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| Term | Min Opening Balance | APY starting at* | Dividends Paid | Dividends Compounded |
|---|---|---|---|---|
| 3 Months | $10,000 | 1.01% | Monthly | Daily |
| 6 Months | $5,000 | 1.26% | Monthly | Daily |
| 9 Months | $500 | 1.61% | Monthly | Daily |
| 12 Months | $500 | 1.77% | Monthly | Daily |
| 18 Months | $500 | 1.77% | Monthly | Daily |
| 24 Months | $500 | 2.02% | Monthly | Daily |
| 30 Months | $500 | 2.02% | Monthly | Daily |
| 36 Months | $500 | 2.28% | Monthly | Daily |
| 48 Months | $500 | 2.38% | Monthly | Daily |
| 60 Months | $500 | 2.48% | Monthly | Daily |
Terms for All Certificates:
The APY means that the rate stated is actually the rate paid or earned on a yearly basis. No dividends can be paid in excess of available earnings. The methods used to determine all dividends and loan rates are established by the Rate Committee appointed by the Board of Directors.
*These rates show Bronze Status through the My Member Perks program. See My Member Perks for details. APY: Annual Percentage Yield
Start growing your HSA balance today. To open a Health Savings Certificate with us, visit a branch or contact us today.
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| Term | APY starting at* | Min Opening Balance | Dividends Paid | Dividends Compounded |
|---|---|---|---|---|
| 12 Months | 1.82% | $500 | Monthly | Daily |
| 24 Months | 2.07% | $500 | Monthly | Daily |
| 36 Months | 2.33% | $500 | Monthly | Daily |
Terms for All Certificates:
The APY means that the rate stated is actually the rate paid or earned on a yearly basis. No dividends can be paid in excess of available earnings. The methods used to determine all dividends and loan rates are established by the Rate Committee appointed by the Board of Directors.
This is a one-of-a-kind certificate that allows you to add money every month. Really increase your earning power with a Savers' Certificate.
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| Term | Rate | APY starting at* | Min Opening Balance | Dividends Paid | Dividends Compounded |
|---|---|---|---|---|---|
| 12 Months | T-Bill* +0% Margin | 5.34% | $50 | Monthly | Daily |
| 24 Months | T-Bill* +0.25% Margin | 5.60% | $50 | Monthly | Daily |
*The dividend rate can change on the first day of each month based on an index (third Monday’s U.S. 3 month Treasury Bill auction) and a margin. Minimum balance for Savers' Certificate is $50, and automatic additions of at least $50 per month are required. APY: Annual Percentage Yield
Terms for All Certificates:
The APY means that the rate stated is actually the rate paid or earned on a yearly basis. No dividends can be paid in excess of available earnings. The methods used to determine all dividends and loan rates are established by the Rate Committee appointed by the Board of Directors.
Enjoy the power of compounding interest with any of our IRA certificate terms. For more information or a personal consultation about IRA options, contact our Investment Services Located at Purdue Federal Credit Union.
Get up to .30% added to your rate (depending on your status) on Share Certificates through My Member Perks.
To open an IRA Share Certificate with us, visit a branch or contact us today.
Contact Us View Rate Sheet: PDF in a new window
| Term | APY starting at* | Min Opening Balance | Dividends Paid | Dividends Compounded |
|---|---|---|---|---|
| 12 Months | 1.82% | $500 | Monthly | Daily |
| 18 Months | 1.82% | $500 | Monthly | Daily |
| 24 Months | 2.07% | $500 | Monthly | Daily |
| 30 Months | 2.07% | $500 | Monthly | Daily |
| 36 Months | 2.33% | $500 | Monthly | Daily |
| 48 Months | 2.43% | $500 | Monthly | Daily |
| 60 Months | 2.53% | $500 | Monthly | Daily |
*These rates show Bronze Status through the My Member Perks program. See My Member Perks for details. APY: Annual Percentage Yield
Terms for All Certificates:
The APY means that the rate stated is actually the rate paid or earned on a yearly basis. No dividends can be paid in excess of available earnings. The methods used to determine all dividends and loan rates are established by the Rate Committee appointed by the Board of Directors.
Earn higher dividends without sacrificing access to your funds.
Open an Account View Rate Sheet: PDF in a new window
| Money Markets | APY starting at* | Min Opening Balance | Min Balance to Earn Dividends | Dividends Paid | Dividends Compounded |
|---|---|---|---|---|---|
| $0-$7,499.99 | 0.10% | $2,500 | $0 | Monthly | Monthly |
| $7,500-$24,999.99 | 1.51% | $2,500 | $7,500 | Monthly | Monthly |
| $25,000-$99,999.99 | 1.76% | $2,500 | $25,000 | Monthly | Monthly |
| $100,000 - $249,999.99 | 3.04% | $2,500 | $100,000 | Monthly | Monthly |
| $250,000+ | 3.82% | $2,500 | $250,000 | Monthly | Monthly |
Liquidity partnered with the tax-deferred or tax-free earnings of an IRA can help boost your nest egg. For other great IRA options, schedule an appointment with an advisor from Investment Services located at Purdue Federal Credit Union.
To open an IRA Money Market Account with us, visit a branch or contact us today.
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| Money Markets | APY starting at* | Min Opening Balance | Min Balance to Earn Dividends | Dividends Paid | Dividends Compounded |
|---|---|---|---|---|---|
| $0-$7,499.99 | 0.15% | $25 | $25 | Monthly | Monthly |
| $7,500-$24,999.99 | 1.56% | $25 | $7,500 | Monthly | Monthly |
| $25,000-$99,999.99 | 1.81% | $25 | $25,000 | Monthly | Monthly |
| $100,000 - $249,999.99 | 3.09% | $25 | $100,000 | Monthly | Monthly |
| $250,000+ | 3.87% | $25 | $250,000 | Monthly | Monthly |
Purdue Federal Credit Union serves members worldwide and operates branches throughout Greater Lafayette, Crown Point and La Porte, Indiana.
Helpful Resources
2.d(i) Diamond and Gold Status members earn dividends on Health Savings Account (HSA), Merit or Sensible Checking accounts with balances over $1,000. Share Certificate rate bonus for Silver Status members earn a .05 percent bonus on share certificate terms less than two years, or a .10 percent bonus on share certificate terms two years or more; Gold Status members earn .10 percent bonus on terms less than two years, or .20 percent bonus on terms two years or more; and Diamond Status members earn .15 percent bonus on terms less than two years, or .30 percent bonus on terms two years or more. Rate Perk is based on My Member Perk status prior to opening a new Share Certificate. The new certificate will not count toward the members My Member Perks status used to determine Rate Perk for the new or renewed Share Certificate. Rate Perk valid on new or renewed Share Certificates. Account must be in good standing and enrolled in paperless statements in order to earn and receive Rate Perk.
22.a APY = Annual Percentage Yield. APY is the total amount of dividends paid on an account based on the dividend rate and frequency of compounding for an annual period and assumes that the principal amount remains in the account for the entire period or term of the account. Rates may change after account opening. Fees may reduce earnings. For full details refer to the Rate Sheet Truth-in-Savings Act Disclosure.
22.b APY = Annual Percentage Yield. APY is the total amount of dividends paid on an account, based on the dividend rate and frequency of compounding for an annual period. Share certificates offer a fixed rate that assumes the initial deposit remains in the account until maturity. For all Term Certificates and IRA Certificates, except Savers Certificates, the dividend rate and APY are fixed and will be in effect for the initial term of the account. Savers Certificate rates are variable and can change at any time without prior notice after the account is opened. Special Share Certificates are available for a limited time. Early withdrawal penalty applies, fees may reduce earnings. For full details refer to the Rate Sheet Truth-in-Savings Act Disclosure.
22.c A one-time bonus of $25 will be paid each time the balance in the Emergency Savings Account reaches thresholds of $250, $500, $750 and $1000 respectively. Maximum bonus total of $100 (one $25 bonus for reaching each threshold). Minimum of 3 separate qualifying deposits are required to earn initial bonus. Account must be open for 90 days before any bonus will be awarded. After the account has been open for 90 days, if the balance reaches a threshold at any time during the previous month, the account will be eligible for bonus. Qualifying deposit is any deposit or direct deposit of salary, pension, social security benefits, any other check or cash deposit, or any transfer from another account. Non-qualifying deposits include dividends, fee refunds, and program bonuses. Must be enrolled in paperless statements to earn bonus. Bonus will be paid no later than the fifth day of the month immediately following the qualifying month. Bonus is a dividend, member must have a social security number to open. Eligibility to earn bonuses expires 48 months from account opening date. Member must maintain a checking account to be eligible for the Emergency Savings Account. If the related checking account is closed, the Emergency Savings Account will convert to a Basic Savings Account and member will not be eligible for bonus. HSA accounts and Business members are not eligible for Emergency Savings Account. Limited to one Emergency Savings Account per tax reported owner. Emergency Savings Account is a blended rate account, see Rate Information section in the Rate Sheet Truth-in-Savings Act Disclosure for full details.
22.d ®IRS tax implications may apply. Consult a tax professional.
22.e Savings Accelerator offers a fixed rate based on the corresponding vehicle loan APR. Early withdrawal penalty applies, fees may reduce earnings. Savings Accelerators require monthly additional deposits. For full details refer to the Rate Sheet Truth-in-Savings Act Disclosure.