Salem School System Credit Union Savings & Money Market Rates

How Salem School System Credit Union’s savings rates compare

Compared with banks and credit unions near Centralia, IL, where Salem School System Credit Union has the most branches. $10,000, best rate first.

This credit union’s best
Salem School System Credit Union
3.30%APY
Requires
None
Minimum
$500
Earns on $10,000 a year
$330
Preferred Shares
2nd-highest rate
U.S. Bank
2.00%APY
Requires
Another account
Minimum
$25
Earns on $10,000 a year
$200
U.S. Bank rates
3rd-highest rate
Land of Lincoln Credit Union
1.46%APY
Requires
None
Minimum
—
Earns on $10,000 a year
$146
Land of Lincoln Credit Union rates

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Savings score

Higher than 74% of U.S. banks and credit unions

By balance

$1,000 balance$1,0000.90%
$10,000 balance$10,0001.10%
$100,000 balance$100,0001.20%
QualifiedQualified1.10%

Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.

How the score works →

Where Salem School System Credit Union ranks

By savings score, in each area where it has branches

Every rate

Current savings rates

Rates from the credit union’s website. Earnings assume the rate doesn’t change.

Preferred Shares

3.30%APYPromotional$500 to open

Accepting new funds only. Rate to be paid at end of Quarter 9-30-2026. MUST indicate you want to deposit into Preferred Shares. Dates Dividends Accrue: Date of deposit to end of calendar quarter. WITHDRAWAL NOTICE from Member to Credit Union: 30 Days before end of quarter. Withdrawals: Entire Account Balance permitted after end of term with 30 days notice. Renewal: Automatic renewal for next quarter unless withdrawn during grace period. Grace period is 10 days after end of Quarter.

Earnings on $10,000 over a year.
BalanceRequirement	APY	Earns on $10,000 a yearEarns	Requirement
$500 and upCurrent Term Rate: 3.25% to be paid at end of Quarter 9-30-2026. Accepting new funds only.$500 and up	3.30%	$330	Current Term Rate: 3.25% to be paid at end of Quarter 9-30-2026. Accepting new funds only.

Sources (1)

salemschoolscreditunion.com/rates.html · captured Sep 17, 2026

Common Shares

Up to 1.10%APY$5 to open

Current Term Rate: Determined at end of each calendar quarter. Compounded and posted quarterly. Dates Dividends Accrue: Date of deposit to date of withdrawal. No Dividend on accounts closed prior to payment of dividends. Membership fee of $5 and $5 minimum share deposit required. Withdrawal Notice: 1 day per $500.

Earnings on $10,000 over a year.
Balance	APY	Earns on $10,000 a yearEarns
Up to $500	0.50%	—
$500 – $5,000	0.90%	—
$5,000 – $10,000	1.00%	$100
$10,000 – $20,000	1.10%	$110
$20,000 and up	1.20%	—

Sources (2)

All captured Sep 17, 2026

Who can join Salem School System Credit Union

This may be incomplete or out of date, so check with the credit union before you apply.

Military, government and schools

Any regular employee of the specified school system districts in Marion County is eligible for membership.

Family and household

Spouses and children living at home of eligible regular school system employees in Marion County qualify for membership.

Cost to join

A lifetime membership fee of $5 is required upon joining.
A minimum share deposit of $5 is required upon opening an account.

Membership information collected October 5, 2026.

Check membership requirements ↗Branches and institution details

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