You can save your way – new money balances in all deposit accounts will be tracked, such as deposits into Primary Savings, Checking, Money Market Savings, and Share Certificates.

Every day during the promotional period of 11/1/2023 through 2/29/2024, we will add up all the end-of-day balances in your membership’s deposit accounts. 

At the end of the promotion, we will add your end-of-day balances together and divide by 121 to get your average daily balance during the promotional period. 

Then we’ll subtract your starting balance as of September 30, 2023, to determine the final average daily balance of new money deposited. The result determines your reward!

Imagine your deposit accounts are like buckets, and the amount of money in the buckets is your balance. Every day, the amount of money in a bucket may change as you make deposits or withdrawals. The average daily balance is a way of measuring how much money, on average, you have in your deposit accounts over a period of time.

Because we are tracking your average over 121 days, lower balances early on require higher deposits later in the promotion period to increase the average overall.

For example, if you started with a $1,000 balance, deposited $10,000 on November 1, and made no withdrawals during the promotion period, you would reach the $10,000 tier and earn a $100 reward. If you waited until December 1 to make a deposit, you would need to deposit $14,000 to earn the same reward.

Example: Deposit $14,000 on December 1*

Here’s another way to look at it if you only made one deposit and had no withdrawals:*

Withdrawals could affect your end-of-day balances, which might lower your final average daily balance of new money deposited. Higher deposits could help offset withdrawals.

If your savings balance grew in October, congratulations! The higher balance will help you reach your tier goal. If your savings balance decreased in October, you may have to deposit more to raise your average daily balance.