A separate savings account that allows you to earn higher dividends
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Overview
Why open a Money Manager Account?
If you want to save without locking your money into a term certificate, consider opening a Money Manager Account. You can increase your earning potential and maintain the flexibility to withdraw money as you need it.
- Pays competitive monthly dividend rates on the entire account balance
- Earn higher dividends than a Share and Checking Account, with no additional fees
- Dividends paid monthly
- Stated dividend rates paid on balances of $2,500.00 or more
- Minimum withdrawal of $250.00
1APY= Annual Percentage Yield. The stated dividend rate may change after the account is opened. The minimum balance to earn the stated dividend rate is $250,000.00. Fees could reduce earnings.
All current and available dividends and fees are available in the Rates and Fees tab.Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawaii. A non-refundable $1.00 fee is required to establish membership. A minimum opening balance of $50.00 is required to open a savings account.
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Rates & Fees
Rates Effective as of: 08-18-2019
Money Manager
Dividend Rate Annual Percentage Yield (APY)2 Dividend Compounded Dividends Credited Dividend Period Minimum Balance 0.00% 0.00% Monthly Monthly Monthly (calendar) $0.00 - $2,499.99 0.45% 0.45% Monthly Monthly Monthly (calendar) $2,500.00 - $99,999.99 0.65% 0.65% Monthly Monthly Monthly (calendar) $100,000.00 - $249,999.99 0.75% 0.75% Monthly Monthly Monthly (calendar) $250,000.00 or more 1APY= Annual Percentage Yield. The stated dividend rate may change after the account is opened. The minimum balance to earn the stated dividend rate is $250,000.00. Fees could reduce earnings.
2The stated dividend rates and fees may change after the account is opened. Fees could reduce earnings. The balance ranges and corresponding dividend rates and APYs applicable to each tier are disclosed on the Rates & Fees tab and the Credit Union's Truth-in-Savings Disclosure. Once a particular range is met, the dividend rate and the APY for the balance range will apply to the full balance of your account. Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawaii. A non-refundable $1.00 fee is required to establish membership. A minimum opening balance of $50.00 is required to open a savings account.
Truth in Savings Disclosure
Schedule of Fees and Charges- Consumer Accounts
Schedule of Fees and Charges- Business Accounts -
Calculator
Calculator
The Calculator Tools are not guarantees of credit. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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FAQ
Frequently Asked Questions
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What is the minimum balance that I need to earn the stated dividend rate?
The rate you will receive will depend on the daily minimum balance of your Money Manager Account. Please reference our Money Manager Rates and Fees tab for the most current information.
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What happens if my Money Manager Account does not have the minimum $2,500.00 balance for one day during the month?
If the balance of a Money Manager Account does not meet the minimum amount for any day during a calendar month, the account will earn the dividends of a Share Draft Account. Please see the Checking Account page for information on these current rates.
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Can I withdraw any amount I need?
When making a withdrawal from your Money Manager Account the amount must be at least $250.00.
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What does a tiered rate Money Manager Account mean?
The Annual Percentage Yield is earned based on the daily balance of the Money Manger Account. For tiered accounts, once a particular range is met, the dividend rate and Annual Percentage Yield for the balance range will apply to the full balance of the account.
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What is the minimum balance that I need to earn the stated dividend rate?
Questions?
Drop us a message anytime with your questions about Money Manager.