Savings Calculators

Savings Calculator

 

Share Savings AccountsEffective Date:
Type Interest Rate APY*
Share Savings(for balances on $5.00 or more) 0.05% 0.05%
Christmas Savings 0.05% 0.05%
Vacation Savings 0.05% 0.05%
Health Savings (HSA) 0.25% 0.25%
All youth under the age of 18 will receive an additional 0.25% APY to the stated rates unless otherwise noted.*APY = Annual Percentage Yield. Rates are variable and subject to change without notice after account is opened. Fees can reduce earnings. Federally insured by NCUA.

Starting amount

The starting balance or current amount you have invested or saved.

Years to save

The total number years you are planning to save or invest.

Rate of return

The annual rate of return for this investment or savings account. The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor’s 500® (S&P 500®) for the 10 years ending December 31st2018, had an annual compounded rate of return of 12.1%, including reinvestment of dividends. From January 1, 1970 to December 31st 2018, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 10.2% (source: www.standardandpoors.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a financial institution may pay as little as 0.25% or less but carry significantly lower risk of loss of principal balances.

It is important to remember that these scenarios are hypothetical and that future rates of return can’t be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that investment funds and/or investment companies may charge.

Interest compounding

Earnings on an investment’s earnings, plus previous interest. This calculator allows you to choose the frequency that your investment’s interest or income is added to your account. The more frequently this occurs, the sooner your accumulated earnings will generate additional earnings. For stock and mutual fund investments, you should usually choose ‘Annual’. For savings accounts and CDs, all of the options are valid, although you will need to check with your financial institution to find out how often interest is being compounded on your particular investment.

Additional contributions

The amount that you plan on adding to your savings or investment each period. This calculator assumes that you make your contributions at the beginning of each period.

Frequency of contributions

How often you make contributions to your account. The options include weekly, bi-weekly, monthly, quarterly and annually. This calculator assumes that you make your contributions at the beginning of each period.

Please Note: Information and interactive calculators are available to you only as self-help tools for your independent use and are not intended to provide investment or tax 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.


Certificate of Deposit Calculator

Share, Traditional IRA, Roth IRA, & Coverdell Education Savings Account Certificates Effective Date:
Term Interest Rate APY*
3 months1 0.20% 0.20%
6 months1 0.30% 0.30%
12 months1 0.55% 0.55%
18 months1 0.65% 0.65%
24 months1 0.80% 0.80%
30 months1 0.896% 0.90%
36 months1 1.045% 1.05%
48 months1 1.292% 1.30%
60 months1 1.539% 1.55%
12 month Add-On2 1.19% 1.20%
6 month special* 1.785% 1.80%
6 month relationship special** 1.982% 2.00%
All youth under the age of 18 will receive an additional 0.25% APY to the stated rates unless otherwise noted. A penalty fee may be imposed if you withdrawal funds prior to the maturity date.1 Rate Protector allows a one time rate adjustment for 3-36 month term CDs and a two time rate adjustment for 37-60 month term CDs with no penalties or fees.2 12 month add-on not eligible for additional 0.25%APY youth rate bump or rate protector adjustment.*No relationship requirement. CD special and relationship specials are eligible for a one time rate protector no matter the length of CD term.** Minimum (1) direct deposit or active checking (8+ debit card transactions) per month is required to receive above stated rates. Rate Protector and Youth 0.25% APY rate bump are valid on CD Specials. 6 Month Special CDs renew at the standard 6 month rate upon maturity. 

Initial deposit

The starting balance of your CD.

Months

The term of the CD, expressed in months.

Interest rate

The published interest rate for this CD. Make sure to enter the actual interest rate, not the annual percentage yield (APY). It is important to remember that these scenarios are hypothetical and that future interest rates can’t be predicted with certainty.

Compounding

The interest earned on your CD is added to your CD balance at regular intervals. This is called “compounding.” This calculator allows you to choose the frequency that your CD’s interest income is compounded. The more frequently this occurs, the sooner your accumulated interest income will generate additional interest. You may wish to check with your financial institution or account opening documents to find out how often interest is being compounded on your CD.

Annual percentage yield (APY)

This is the effective annual interest rate earned for this CD. A CD’s APY depends on the frequency of compounding and the interest rate. Since APY measures your actual interest earned per year, you can use it to compare CDs that have different interest rates and compounding frequencies.

Please Note: Information and interactive calculators are available to you only as self-help tools for your independent use and are not intended to provide investment or tax 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.


Surge Money Market Calculator

Surge Money Market AccountEffective Date:
Amount Interest Rate APY*
$1.00 - $2,500.00 1.982% 2.00%
$2,500.01 - $5,000.00 0.995% 1.00%
$5,000.01 - $10,000.00 0.499% 0.50%
$10,000.01 - $50,000.00 0.250% 0.25%
$50,000.01 + 0.150% 0.15%

Average Daily Balance

This is the sum of each of the daily balances in a month divided by the number of days in the month. To keep this simple, on average how much is kept in your money market account.

Monthly Earnings

This is the estimated amount of interest you would earn on a monthly basis based on the average daily balance inputted above. It’s important to remember that these scenarios are hypothetical and that future interest rates can’t be predicted with certainty.

Annual Earnings

This is the estimated amount of interest you would earn on an annual basis based on the average daily balance inputted above. It’s important to remember that these scenarios are hypothetical and that future interest rates can’t be predicted with certainty.

APY

APY stands for annual percentage yield. This is the effective annual interest rate earned for this money market account.

Please Note: Information and interactive calculators are available to you only as self-help tools for your independent use and are not intended to provide investment or tax 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.


Momentum Money Market Calculator

Momentum Money Market AccountsEffective Date:
Amount Interest Rate APY*
$5,000.00 - $49,999.99 0.25% 0.25%
$50,000.00 - $99,999.99 1.045% 1.05%
$100,000.00 - $249,999.99 1.144% 1.15%
$250,000.00 - $499,999.99 1.243% 1.25%
$500,000.00 - $1,000,000.00 1.490% 1.50%

Average Daily Balance

This is the sum of each of the daily balances in a month divided by the number of days in the month. To keep this simple, on average how much is kept in your money market account.

Monthly Earnings

This is the estimated amount of interest you would earn on a monthly basis based on the average daily balance inputted above. It’s important to remember that these scenarios are hypothetical and that future interest rates can’t be predicted with certainty.

Annual Earnings

This is the estimated amount of interest you would earn on an annual basis based on the average daily balance inputted above. It’s important to remember that these scenarios are hypothetical and that future interest rates can’t be predicted with certainty.

Rate

The published interest rate for this money market account. Make sure to enter the actual interest rate, not the annual percentage yield (APY). It is important to remember that these scenarios are hypothetical and that future interest rates can’t be predicted with certainty.

APY

APY stands for annual percentage yield. This is the effective annual interest rate earned for this money market account.

Please Note: Information and interactive calculators are available to you only as self-help tools for your independent use and are not intended to provide investment or tax 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.


Benefits Checking Calculator

Average Daily Balance

This is the sum of each of the daily balances in a month divided by the number of days in the month. To keep this simple, on average how much is kept in your account on a daily basis.

Monthly Earnings

This is the estimated amount of interest you would earn on a monthly basis based on the average daily balance inputed above. It’s important to remember that these scenarios are hypothetical and that future interest rates can’t be predicted with certainty.

Annual Earnings

This is the estimated amount of interest you would earn on an annual basis based on the average daily balance inputed above. It’s important to remember that these scenarios are hypothetical and that future interest rates can’t be predicted with certainty.

Rate

The published interest rate for this checking account. Make sure to enter the actual interest rate, not the annual percentage yield (APY). It is important to remember that these scenarios are hypothetical and that future interest rates can’t be predicted with certainty.

APY

APY stands for annual percentage yield. This is the effective annual interest rate earned for this checking account.

Please Note: Information and interactive calculators are available to you only as self-help tools for your independent use and are not intended to provide investment or tax 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.

Information and interactive calculators are available to you only as self-help tools for your independent use and are not intended to provide investment or tax 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.