November 2009 Interest Rates
Dear Subscriber: Below are the current monthly interest rates. Investment information and applications are available at www.welscef.org.
| Loan Certificates | |||||
| Term | % | Investment Minimum |
Interest Accrued |
Interest Paid* |
Penalty for early withdrawal |
| 6 Month | 1.00% | $500 | Daily | Quarterly | Up to 3 months interest |
| 12 Month |
1.15% |
$500 | Daily | Quarterly | Up to 6 months interest |
| 18 Month |
1.25% |
$500 | Daily | Quarterly | Up to 6 months interest |
| 24 Month** | 1.60% | $500 | Daily | Quarterly | Up to 6 months interest |
| 36 Month** | 2.25% | $500 | Daily | Quarterly | Up to 6 months interest |
| 60 Month |
3.20% |
$500 | Daily | Quarterly | Up to 6 months interest |
| Retirement/IRA Certificates | |||||
| 60 Mo IRA | 3.20% | $5,000-49,999 | Daily | Quarterly | 6 months interest unless RMD* |
| 60 Mo IRA | 3.25% | $50,000-99,999 | Daily | Quarterly | 6 months interest unless RMD* |
| 60 Mo IRA | 3.30% | $100,000-249,999 | Daily | Quarterly | 6 months interest unless RMD* |
| 60 Mo IRA | 3.35% | $250,000 + | Daily | Quarterly | 6 months interest unless RMD* |
*RMD = Required Minimum Distribution see Offering Circular for more details.
** The interest rate on renewing 30 and 42 month loan certificates will be the rate for 24 and 36 month loan certificates, respectively. As of October 1, 2002, WELS CEF no longer issues NEW 30 or 42 month loan certificates.
| Savings Certificates | |||||
| Amount/ Term |
% | Investment Minimum |
Interest Accrued |
Interest Paid |
Penalty for early withdrawal |
|
Statement Savings |
0.50% | $100 | Daily | Monthly | No penalty |
|
Statement Savings |
0.75% | Daily | Monthly | No penalty | |
| 12 Month | 1.00% | $100* | Daily | Annually | No penalty |
* Investment minimum waived for WELS CEF Kids Stamp Program participants
Note: As of October 1, 2004, the 5 year Savings Certificate is no longer offered by WELS CEF. NEW stamp program participants will be placed in the 12 month (1 year) Savings Certificate category.
The purchase of WELS CEF securities is subject to risks, which are described in our Offering Circular. This is not an offer to sell, nor the solicitation to buy our securities. We will offer and sell our securities only in states where authorized. The offering is made solely by the Offering Circular.
To receive an Offering Circular or for more information about WELS CEF: write, call, contact us via email: CEF@sab.wels.net.
*Not FDIC or SIPC insured *Not a bank deposit *No Synod Guarantee