Deposit Rates
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 2021-12-01
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 | n/a% | $0 | $1,000 | n/a | n/a |
| Health Savings Checking | 0.05% | $25 | $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.
For full disclosures, please see Guide to Member Services, Rate Sheet and Fee Schedule
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 |
|---|---|---|---|---|---|
| Main Share Savings | 0.05% | $5 | $5.01 | Monthly | Monthly |
| Special Savings | 0.05% | n/a | $5.01 | Monthly | Monthly |
| Non-Interest Savings | n/a% | $5 | 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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| Term | APY starting at* | Min Opening Balance | Dividends Paid | Dividends Compounded |
|---|---|---|---|---|
| 7 Month Special | 0.20% | $5,000 | Monthly | Daily |
| 15 Month Special | 0.30% | $5,000 | 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.
The certificate penalty fee is the greater of $25.00 or 90 days dividends for terms less than or equal to 14 months, 180 days dividends for terms 15 months to less than 34 months, 12 months (365 days) dividends for terms greater than or equal to 34 months. Fees may reduce earnings.
*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.
Open an Account View Rate Sheet: PDF in a new window
| Term | Min Opening Balance | APY starting at* | Dividends Paid | Dividends Compounded |
|---|---|---|---|---|
| 3 Months | $10,000 | 0.05 | Monthly | Daily |
| 6 Months | $5,000 | 0.10 | Monthly | Daily |
| 9 Months | $500 | 0.20 | Monthly | Daily |
| 12 Months | $500 | 0.20 | Monthly | Daily |
| 18 Months | $500 | 0.25 | Monthly | Daily |
| 24 Months | $500 | 0.30 | Monthly | Daily |
| 30 Months | $500 | 0.30 | Monthly | Daily |
| 36 Months | $500 | 0.40 | Monthly | Daily |
| 48 Months | $500 | 0.45 | Monthly | Daily |
| 60 Months | $500 | 0.55 | 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.
The certificate penalty fee is the greater of $25.00 or 90 days dividends for terms less than or equal to 14 months, 180 days dividends for terms 15 months to less than 34 months, 12 months (365 days) dividends for terms greater than or equal to 34 months. Fees may reduce earnings.
*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 | 0.25% | $500 | Monthly | Daily |
| 24 Months | 0.35% | $500 | Monthly | Daily |
| 36 Months | 0.45% | $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.
The certificate penalty fee is the greater of $25.00 or 90 days dividends for terms less than or equal to 14 months, 180 days dividends for terms 15 months to less than 34 months, 12 months (365 days) dividends for terms greater than or equal to 34 months. Fees may reduce earnings.
*APY: Annual Percentage Yield
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.
Open an Account View Rate Sheet: PDF in a new window
| Term | Rate | APY starting at* | Min Opening Balance | Dividends Paid | Dividends Compounded |
|---|---|---|---|---|---|
| 12 Months | T-Bill* +0% Margin% | 0.10% | $50 | Monthly | Daily |
| 24 Months | T-Bill* +0.25% Margin% | 0.35% | $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.
The certificate penalty fee is the greater of $25.00 or 90 days dividends for terms less than or equal to 14 months, 180 days dividends for terms 15 months to less than 34 months, 12 months (365 days) dividends for terms greater than or equal to 34 months. Fees may reduce earnings.
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 | 0.25% | $500 | Monthly | Daily |
| 18 Months | 0.30% | $500 | Monthly | Daily |
| 24 Months | 0.35% | $500 | Monthly | Daily |
| 30 Months | 0.35% | $500 | Monthly | Daily |
| 36 Months | 0.45% | $500 | Monthly | Daily |
| 48 Months | 0.50% | $500 | Monthly | Daily |
| 60 Months | 0.60% | $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.
The certificate penalty fee is the greater of $25.00 or 90 days dividends for terms less than or equal to 14 months, 180 days dividends for terms 15 months to less than 34 months, 12 months (365 days) dividends for terms greater than or equal to 34 months. Fees may reduce earnings.
For full disclosures, please see Guide to Member Services, Rate Sheet and Fee Schedule
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 | 0.05% | $5.01 | $5.01 | Monthly | Monthly |
| $7,500-$24,999 | 0.10% | $2,500 | $7,500 | Monthly | Monthly |
| $25,000-$99,999 | 0.15% | $2,500 | $25,000 | Monthly | Monthly |
| $100,000 - $249,999 | 0.20% | $2,500 | $100,000 | Monthly | Monthly |
| $250,000+ | 0.20% | $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 | 0.10% | $5.01 | $5.01 | Monthly | Monthly |
| $7,500-$24,999 | 0.15% | $25 | $7,500 | Monthly | Monthly |
| $25,000-$99,999 | 0.20% | $25 | $25,000 | Monthly | Monthly |
| $100,000 - $249,999 | 0.25% | $25 | $100,000 | Monthly | Monthly |
| $250,000+ | 0.25% | $25 | $250,000 | Monthly | Monthly |
Purdue Federal Credit Union serves members worldwide and operates branches throughout Greater Lafayette, Crown Point and La Porte, Indiana.
