Welcome To Higher Earnings

*High Yield Checking: An initial deposit of $20 is required to open any Checking Account. High Yield Checking is an interest earning checking account eligible for up to 5.00% APY interest on the average daily balance in the checking account up to $5000 (five thousand dollars) and 0.20%  APY on balances over $5000. Dividends are calculated by applying a periodic rate to the Average Daily Balance in the account for the Dividend period. High Yield Checking will earn up to 5.00% APY interest and is eligible for up to $10 (ten dollars) in ATM surcharge rebates per statement cycle subject to the following: 1) $1,000 (one thousand dollars) monthly minimum direct deposit, 2) eStatements, and 3) 10 Debit Card Point of Sale (PIN and Signature based) posted transactions using the Farmers Insurance Federal Credit Union Debit Card. Posted transactions count toward monthly minimums. Interest earned will be credited to the account at the end of the statement period. Additional restrictions apply: I must be a Member in good standing with a valid email address on file with the Credit Union. Qualifying transactions must post and clear the account during the monthly qualification cycle. Should the account not qualify for ATM surcharge rebates and/or the 5.00% APY interest, and for balances in excess of $5000, the account will earn 0.20% APY (twenty basis points) on the checking account balance. Transactions may take one or more business days from the transaction date to post to the account. At the time of the statement cycle date you will verify the combined products and services used since the previous cycle date to determine the qualification for the 5.00% interest and the eligibility for the ATM surcharge rebate. In the event that my monthly $1,000 ACH direct deposit credit does not come in for a 60 day period, the loan discount and the rate bump-up on the certificate will also be discontinued. Current interest rates and the annual percentage yield may be found at the Credit Union’s website, may be verified at a Credit Union Branch or by calling 800.877.2345. Interest rates earned, ATM surcharge rebate amounts and qualifying dollar amounts for interest earned are subject to change at any time. APYs, ATM surcharge rebate amounts and eligibility criteria are subject to change at any time. Fees may reduce earnings. Accounts with one calendar month of no activity will be assessed an inactivity fee of $5.

APY = Annual Percentage Yield. APY is the annualized rate based on a compounding period of one year. When the deposited money earns dividends and the accumulated dividends starts earning dividends as well, we are talking about compounding. Fees could reduce the earnings on an account. All yields except Certificate yields are subject to change retroactively to the beginning of the month.

**Online Savings: APY = Annual Percentage Yield. APY is the annualized rate based on a compounding period of one year. When the deposited money earns dividends and the accumulated dividends starts earning dividends as well, we are talking about compounding. Fees could reduce the earnings on an account. All yields except Certificate yields are subject to change retroactively to the beginning of the month.

Rate bonus is for a minimum of $1,000 monthly ACH Direct Deposit into a Farmers Insurance Federal Credit Union Checking Account. Rates are subject to change at any time. No branch or call center access with this account.

†Certificates: Variable Rate Certificate 36-Month Term (Variable Rate Certificate): No additional deposits accepted (other than dividends) during certificate term renewals. Fund your account with a minimum deposit of $1,000. Annual Percentage Yield (APY) rate is based on current Federal Funds Rate Upper Limit of 4.50% APY plus a 0.25% spread. Yield rate is 4.75% APY. Base rate is 4.65% APR. Rates are subject to change on the first day of each calendar month following account opening. No bonus dividends (no jumbo bonus and no DDEP bonus). At maturity, account renews into the same product: Variable Rate Certificate 36-Month Term renews into a Variable Rate Certificate 36-Month Term; Variable Rate IRA 36-Month Term renews into a Variable Rate IRA 36-Month Term. Early withdrawal penalties may be imposed and fees could reduce earnings and/or principal. APY interest rate will follow the Federal Funds Rate Upper Limit. Rates are subject to change on the first day of each calendar month following account opening. Rates are subject to change without notice. Rate may not be combined with any other rate increase/bonus. Regular share certificate requirement on a 365 day basis. IRAs qualify for Variable Rate Certificate. Minimum balance to obtain the available rates for Variable Rate Certificate 36-Month Term advertised annual percentage yield is $1,000. Fund your account with a minimum deposit of $1,000. Early withdrawal penalties may be imposed and fees could reduce earnings and/or principal. Refer to our TISA Disclosure for terms and conditions. Federal regulations require dividends be paid from available earnings; dividends are contingent upon this regulation.

Rate bonus is for a minimum of $1,000 monthly ACH Direct Deposit into a Farmers Insurance Federal Credit Union Checking Account. Rates are subject to change at any time.

Limited Time Offer No Penalty 9-Month Certificate Account / Yields are subject to change without notice. This is a promotional yield of 4.25% APY. Bonus Dividend may not be combined with any other dividend increase/bonus. Annual Percentage Yield (APY) is calculated on a 4.60% base rate, $1,000.00 minimum balance, regular share certificate requirement on a 365 day basis. IRA share certificates do not qualify for this promotion. Deposit must be new funds to the Credit Union and may not be transferred or withdrawn and deposited back into the Credit Union from any existing Credit Union account. No additional deposits accepted (other than dividends) during certificate term. Normal substantial penalty for early withdrawal of certificate funds will be waived as follows: 1) No withdrawals within the first 30 days of setting up the certificate 2) One withdrawal allowed per calendar month after the initial 30 days no withdrawal. Fees and other conditions may reduce earnings. The 9-Month promotional No Penalty Certificate will automatically roll over to a 9-Month Certificate at maturity. Federal regulations require dividends be paid from available earnings; dividends are contingent upon this regulation. Refer to our TISA Disclosure for terms and conditions. *APY = Annual Percentage Yield. Rates and terms are subject to change at any time. Fees could reduce the earnings on an account. No Additional deposits are allowed. No withdrawals prior to maturity date subject to terms; penalties will be waived after the first 30 days.

‡New Member Bonus Program: New Members/New Account must use a valid “promo/promotional” code MEMBER24 at signup/account opening to be eligible to receive the bonus. Offer not available to existing FIGFCU Members. Offer cannot be combined with any other new member offer and is limited to one bonus per account and per Member.
Eligible “Member” must open a qualified bonus account with a minimum qualifying deposit/loan in new money to the Credit Union within 10 days of joining the Credit Union. Bonus will be paid by the 20th day of the following month after qualifying activities are completed. Bonuses will be paid for the following: 
Checking & Direct Deposit Bonus: Eligible “New Member” must open a FIGFCU Checking account within 10 days of joining the Credit Union, and posted a qualified ACH Direct Deposit amounting to a minimum of $1,000 (one thousand dollars) per calendar month into the Checking account no later than 45 days after joining the Credit Union. The ACH Direct Deposit must occur for 3 (three) consecutive months before bonus is paid. Bonus will be paid by the 20th day of the following month. 

• $100 bonus for newly qualified Direct Deposits totaling $1,000 to $4,999 for 3 consecutive months. 
• $250 bonus for newly qualified Direct Deposits totaling $5,000 or more for 3 consecutive months.

Savings Account Bonus: Eligible “New Member” must open a qualified non-maturity (non Certificate) savings account with a minimum deposit of $20,000 (twenty thousand dollars) in new money to the Credit Union within 10 days of joining the Credit Union. At least $20,000 must stay in the deposit account for 4 (four) consecutive months before bonus is paid. Bonus will be paid by the 20th day of the following month. 

• $100 bonus for account balances totaling $20,000 to $29,999 for 4 consecutive months. 
• $150 bonus for account balances totaling $30,000 to $49,999 for 4 consecutive months. 
• $100 bonus for account balances totaling $50,000 or more for 4 consecutive months. 

Signature Loan Bonus: Eligible “New Member” must open a qualified Signature Loan or Line of Credit (LOC) account with a minimum loan balance of $10,000 (ten thousand dollars) within 10 days of joining the Credit Union. LOC must draw/advance line within the first 60 days of account opening. Bonus will be paid by the 20th day of the following month. The “New Member” must have an active primary savings account at the time of the bonus payout; bonus will be posted to the primary savings account.
Promotion is available starting July 1, 2024 until further notice. Offer availability subject to change.
Bonus recipient must have an active primary savings account at the time of the bonus payout; bonus will be posted to the primary savings account. Bonus recipient must be at least 18 years of age, able to open an active membership in good standing and not have caused a loss to the Credit Union.
“Bonus” is considered interest and will be reported to the IRS. 

‡The national average for this type of account is 0.41% APY, based on rates published in the FDIC Monthly National Rates and Rate Caps accurate as of 01/21/2025.