Dividend Rates

Effective date August 1, 2012. Rates subject to change.

For more information regarding applicable fees and terms, please contact a SWACU employee.

Fees may reduce earnings.

Monthly Account Rates

AccountAccount BalanceAPYDividend Rate
LUV Reward Checking*$0.01 to $25,0004.00%3.93%
$25,000.01+4.00 to .25%0.25%
If Qualifications Are Not Met0.10%0.10%


To earn your rewards, simply do the following transactions and activities in your LUV Reward Checking account each monthly qualification cycle:

  • Be enrolled and receive e-Statement notice
  • Have at least 1 direct deposit or 1 automatic payment (ACH) post and settle
  • Have at least 15 SWACU debit or credit card purchases post and settle
AccountAccount BalanceAPY
LUV Fund
(Money Market)
$10,000 to $49,999.990.20%
$2,000 to $9,999.990.15%

Quarterly Account Rates

Effective date January 1, 2015. Rates subject to change.

Regular Savings0.100%^Quarterly
Individual Retirement Account (IRA)0.50%Quarterly

^Dividends are earned on balances more than $100.

Certificate Rates / IRA Certificate Rates†

Effective date February 1, 2014. Rates subject to change.

Mega Jumbo
6 months0.500%
12 months0.850%
18 months0.850%
24 months1.090%
30 months1.090%
36 months1.390%
48 months1.590%
($25,000 to $74,999.99)
6 months0.450%
12 months0.800%
18 months0.800%
24 months1.040%
30 months1.040%
36 months1.340%
48 months1.540%
($1,000 minimum)
6 months0.400%
12 months0.700%
18 months0.700%
24 months1.000%
30 months1.000%
36 months1.240%
48 months1.440%

†Penalties may apply for early withdrawal.

Annual Percentage Yield (A.P.Y.) is the percentage rate reflecting the total amount of dividends paid on an account, based on the dividend rate and the frequency of compounding for a 365 day period. "A.P.Y." assumes the funds remain in the account for the period (365 days unless otherwise stated), any minimum balance requirements have been met and that no other transactions occur during the period. A penalty may be imposed for early withdrawal.

*APY=Annual Percentage Yield. Minimum to open is $30. Rates may change after account is opened. If qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed and credited to account on the last day of monthly statement cycle; (2) balances up to $25,000 receive APY of 4.00%; and (3) balances over $25,000 earn 0.25% dividend rate on portion of balance over $25,000, resulting in a range of 4.00% to 1.00% APY depending on the balance. If qualifications are not met, all balances earn 0.10% APY. Qualifying transactions must post to and settle account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle an account. ATM-processed transactions do not count towards qualifying debit card transactions. Transfers between accounts do not count as qualifying transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher. Fees may reduce earnings.