Turn planning into living.

Sovita offers a suite of flexible savings and investment tools that grow your earnings and minimize fees. We have services fit for every age and stage – from one-time savings goals to retirement plans.

How members save.

View the latest savings interest rates available through Sovita Credit Union below.

Savings Account

These ANNUAL PERCENTAGE YIELDS are effective as of the last dividend declaration date of March 31, 2024. For additional information, call (800) 369-2786, (810) 720-8300 or (810) 664-5351.

Account

Minimum Deposit*

Annual Percentage Yield

Annual Dividend Rate

Regular Share

$5.00**

.30%

.30%

Christmas Club

None

.30%

.30%

Summer Check Club

None

.30%

.30%

Mortgage Payment Club

None

.30%

.30%

Super Club

None

.30%

.30%

Loan Pledge Club

None

.30%

.30%

Share Draft Account

$100***

.05%

.05%

HSA Share Draft Account

None

.05%

.05%

* Minimum deposit required to open the account and to obtain the stated APY.

** A minimum of $5.00 is required to maintain your share account.

*** The minimum deposit to open a share draft account is waived if you are approved for an overdraft line of credit.

These rates may change on a quarterly basis. Any fees incurred may reduce earnings.

SOVITA CREDIT UNION IS FEDERALLY INSURED BY THE NCUA

Certificate of Deposit

These ANNUAL PERCENTAGE YIELDS were offered within the most recent 7 calendar days and were accurate as of June 10, 2024.

For additional information, call (800) 369-2786, (810) 720-8300 or (810) 664-5351.These rates may change on a weekly basis, but are fixed for the term of the certificate. A penalty may be imposed for early withdrawal.

Length of Certificate

Type of Certificate

Minimum Deposit*

APY
(Interest Paid at Maturity)

APY
(Interest Paid Monthly **)

APY
(Interest Paid Quarterly)

APY
(Interest
Paid &
Compounded Quarterly)

Annual
Interest Rate

91 Days

Regular

$2,500

 2.40%

2.40%

N/A

N/A

 2.40%

182 Days

Regular

$2,500

 4.10%

 4.10%

N/A

N/A

 4.10%

12 Months

Regular & IRA

$500

N/A

  4.43%

 4.43%

 4.50%

 4.43%

18 Months

Regular & IRA

$500

N/A

 3.95%

 3.95%

 4.01%

 3.95%

24 Months

Regular & IRA

$500

N/A

 3.95%

 3.95%

 4.01%

 3.95%

30 Months

Regular & IRA

$500

N/A

 4.00%

 4.00%

 4.06%

 4.00%

36 Months

Regular & IRA

$500

N/A

 4.05%

 4.05%

 4.11%

 4.05%

N/A (Rate is not available for the term shown.)

* Minimum deposit required to open the account and to obtain the stated APY.

** Minimum deposit of $5,000 required

A penalty may be imposed for early withdrawal from your Certificate of Deposit.

Any fees incurred may reduce earnings.

SAVINGS ACCOUNT INTEREST RATES

Account

Minimum Deposit*

Annual Percentage Yield

Annual Interest Rate

HI-FI Account

$2,500

2.10%

2.10%

---

None

.05%

.05%

IRA Account

None

.25%

.25%

* Minimum deposit required to open the account and to obtain the stated APY.

The rates for HI-FI Accounts may change on a weekly basis.

The rates for IRA Accounts may change on a quarterly basis.

A penalty may be imposed for early withdrawal from your IRA Account.

Any fees incurred may reduce earnings.

 

 

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Who can be a Sovita member?

Education and healthcare employees – and their immediate families – who live in the State of Michigan.

Learn More

 

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