Appreciation Account
An Appreciation Account is a unique account that rewards ACMG members who have been dedicated savers at the credit union. By becoming an Appreciation Account holder, you will:
- Earn higher dividend rates than regular share accounts
- Enjoy liquidity of funds - deposit, withdraw & transfer funds without penalty*
- Earn higher dividends on Share Certificates held with ACMG FCU**
Members must meet certain minimum requirements in order to open and mainitain an Appreciation Account. These requirements are as follows:
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Must have a Share Draft/Checking Account
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Must have Direct Deposit to your ACMG account (same member number)
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Must maintain a $2,500 minimum balance
This account structure is divided into four tiers, and the balance in your account determines the interest rate you earn. Appreciation Account rates are set monthly.
Our current rate tiers are:
|
Tier 1 |
$2,500.00 - $9,999.99 |
|
Tier 2 |
$10,000.00 - $24,999.99 |
|
Tier 3 |
$25,000.00 - $49,999.99 |
|
Tier 4 |
$50,000.00 and up |
The greater your account balance, the greater the rate of interest you earn on these deposited funds.
Not yet an ACMG Member? Click here to learn how to join. Then discover the difference a credit union can make!
For more information about an Appreciation Account at ACMG FCU, please submit an Online Request Form. Or simply call or stop into any branch location to speak with a helpful ACMG Member Service Representative.
* Accounts that fall below the $2,500.00 minimum balance requirement will incur a monthly fee (see current fee schedule). If the minimumm balance is not maintained for three consecutive months, the account will be closed with remaining funds being moved to regular shares to avoid continuing fees.
** Members who have an Appreciation Account will earn a dividend rate on 24 and/or 36 month Share Certificates that is 1/4 percent higher than the current rate.
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