High Yield Account Disclosure

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

Dividends

The High Yield Account offers a variable dividend rate for those shares 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 share on the first day of the following month.  Shares closed prior to the end of the month will forfeit dividends for that month. For current dividend rate information, please visit the Rates section of our website, speak with a representative in our Call Center or in person on your next visit, or send us a secure message from your eBanking or 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. Any Share 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 a Savings Share.

Funds Access

The High Yield Account is accessible via eBanking, Mobile app, Telephone Banking, Speaking to a Call Center Representative, or in person at one of our branches.

Get Started

To get started today, speak with a representative in our Call Center or send us a secure message from your eBanking or mobile app. You can also speak with a representative on your next visit to get started.