(718) 806-1519 • info@everestfcu.org • 37-51 75th Street, FL 1B, Jackson Heights, NY 11372
Savings Rates Effective as of: January 2023 Including promotional rate. *APY = Annual Percentage Yield
| Type | EFCU Promo Rate* up to $5,000 | EFCU Promo Rate* Up to $10,000 | EFCU Promo Rate** Above $10,000 |
| Special Share Accounts | 0.65% | 0.40% | 0.15% |
EFCU Promo Rate* up to $5,000
EFU Promo Rate** $5 – $10k
EFU Promo Rate*** above 10k
**** The Maximum Deposit up to $10,000 only. Other Condition Applies!
| Type | Details | EFCU Promo Rate* up to $5,000 | EFCU Promo Rate** Up to $10,000 | EFCU Promo Rate*** Above $10,000 |
| Regular Saving Account | Regular Saving | 0.55% | 0.35% | 0.10% |
| Business Saving Account | Business | 0.55% | 0.35% | 0.10% |
| Minor Saving A/C | Bal Bachat | 2.50% | 2.00% | 1.50% |
| Youth Saving A/C | Yuva Bachat | 0.80% | 0.30% | 0.20% |
| Mother Saving A/C | Grihini / Ama Bachat | 0.80% | 0.30% | 0.20% |
| Retirement IRA Saving A/C | Awakash Bachat | 2.50% | 2.00% | 1.50% |
| Type | EFCU Promo Rate* up to $5,000 | EFCU Promo Rate** Up to $10,000 | EFCU Promo Rate*** Above $10,000 |
| Everest Base Camp | 0.00% | 0.00% | TBD |
| Everest Second Base Camp | 0.00% | 0.00% | TBD |
| Everest Third Base Camp | 0.05% | 0.050% | TBD |
| Summit of Everest | 0.10% | 0.075% | TBD |
| Term | EFCU Promo Rate* up to $10,000 | EFCU Promo Rate** Up to $10k – $50k | EFCU Promo Rate*** $50k – $100k | EFCU Promo Rate*** $100k – $250k |
| 6 months | 2.50% | 2.00% | 1.50% | 1.00% |
| 12 months | 3.00% | 2.50% | 2.00% | 1.50% |
| 24 months | 3.50% | 3.00% | 2.50% | 2.00% |
| 36 months | 4.00% | 3.50% | 3.00% | 2.50% |
| 48 months | 4.50% | 4.00% | 3.50% | 3.00% |
Notes:
Share Account – EFCU Regular Share -dividend to be decided (TBD) once EFCU is in Profit Share Account -EFCU Special Share -dividend to be decided (TBD) once EFCU is in Profit
| Entrance Fee: One time entrace fee $25.00 applies to become a member. |
| * EFCU Promo CD Rate: This rate will be available only for promotional period. The rate may change by the EFCU board based on its target threshold. |
| * The MAX rate on $250k Institutional 3 year CD will be 3.5% in first come first Sever basis to raise up to $1Million. |
| ** EFCU CD Rate: This rate will be available only for promotional period. And, applies for members whose deposit balance between $5,000 upto $10,000. These rates are effective from New Year Jan 1, 2023! |
| ** Certificate of Deposit Renewal: Seven-days grace period is provided after the maturity of the products that we offer to renew or change accounts or the product types. |
| ** Panelty for CD: Penalties will be imposed for early withdrawal. Last 6 months’s earned interest or a flat fee of $50 whichever is higher. |
| ** Balance on CD: The minimum Deposit of $1,000 is required in all type of CD accounts. |
| Youth Savings Account: The accountholder must be 18 or younger. At age 19, the youth account will earn the daily dividend rate as determined on the standard Share Savings Account on the entire balance. |
| **** PROMO RATE: First come first basis! 1 year term required! Maximum allowed upto $10,000 per member basis! Must become an EFCU member! |