Savings & CDs - Alvra Credit Union

Current Rates

Rates effective as of May 10, 2025

Account Type	Minimum Balance	APY*
Standard Savings	$25	0.50%
Premier Savings	$2,500	1.25%
High-Yield Savings	$10,000	2.00%
Youth Savings (under 18)	$5	0.75%

Term	Minimum Deposit	APY*
3 Month	$1,000	1.50%
6 Month	$1,000	2.25%
12 Month	$1,000	3.00%
24 Month	$1,000	3.25%
36 Month	$1,000	3.50%
60 Month	$1,000	3.75%

Account Type	Minimum Balance	APY*
Money Market	$2,500	1.75%
Premier Money Market	$10,000	2.25%
Platinum Money Market	$25,000	2.50%

*Annual Percentage Yield (APY) is accurate as of May 10, 2025. Rates may change after account opening. Fees could reduce earnings on the account.

Compare Savings Accounts

Features	Standard Savings	Premier Savings	High-Yield Savings
Minimum Opening Deposit	$25	$2,500	$10,000
Monthly Maintenance Fee	$5 (waivable)	$10 (waivable)	$15 (waivable)
Ways to Waive Monthly Fee	$300 minimum daily balance Linked to Premier Checking Under 18 years old	$2,500 minimum daily balance Linked to Premier Checking	$10,000 minimum daily balance Linked to Platinum Checking
Interest Rate	0.50% APY	1.25% APY	2.00% APY
ATM Access
Online & Mobile Banking
Automatic Transfers
Withdrawal Limits	6 per month	6 per month	6 per month
Overdraft Protection
	Learn More	Learn More	Learn More

Certificate of Deposit Options

Lock in Our Competitive Rates

Certificates of Deposit (CDs) offer a fixed rate of return for a specific term, allowing you to earn more interest than a traditional savings account. When you open a CD, you agree to keep your money deposited for a set period of time, ranging from 3 months to 5 years.

Benefits of Alvra Credit Union CDs:

Guaranteed returns with fixed rates
Higher interest rates than standard savings accounts
Flexible terms from 3 months to 5 years
FDIC insured up to $250,000
Automatic renewal options

Whether you're saving for a short-term goal or looking for long-term growth, we have CD options to fit your needs.

CD Calculator

See how much your money can grow with our CD calculator.

Total Interest Earned: $300.00

Final Balance at Maturity: $10,300.00

Ready to start saving?

Open a savings account or CD online in minutes or schedule an appointment at your nearest branch

Open an Account Schedule Appointment

Frequently Asked Questions

What's the difference between a savings account and a CD?

A savings account allows you to deposit and withdraw funds with some limitations, while offering a variable interest rate. A Certificate of Deposit (CD) requires you to deposit funds for a fixed term with penalties for early withdrawal, but typically offers higher, fixed interest rates.

Are there penalties for withdrawing from a CD before maturity?

Yes, early withdrawal from a CD typically results in a penalty, which is usually a portion of the interest earned. The specific penalty depends on the term of your CD and is disclosed when you open the account.

How many withdrawals can I make from my savings account?

You can make up to 6 withdrawals or transfers from your savings account per month. This includes online transfers, automatic transfers, and withdrawals. In-person withdrawals at branches or ATMs do not count toward this limit.

What happens when my CD matures?

When your CD matures, you typically have a grace period (usually 7-10 days) during which you can withdraw the funds without penalty, renew the CD for the same term, or choose a different term. If you take no action, many CDs automatically renew at the current rate for the same term.

Are my savings accounts FDIC insured?

Yes, all Alvra Credit Union deposit accounts, including savings accounts and CDs, are FDIC insured up to $250,000 per depositor, per ownership category.