Annual Percentage Yield (APY)

Dividend Rate: SFFCU Share Savings accounts earn dividends each month. A dividend is the rate of interest paid for keeping your money in a State Farm Federal Credit Union share savings account. It is calculated as a percentage of your total balance.  SFFCU dividends are calculated daily and paid monthly

Annual Percentage Yield (APY): The APY is what you may earn over the course of the year for keeping your funds (deposits + dividends) in your State Farm Federal Credit Union Share account. This percentage differs from the dividend rate because it takes compounding dividends into account. This means that in one month you will earn a dividend on your balance, and the next month you will earn a dividend on the original balance plus the dividend earned in prior months. Essentially, you will be earning dividends on your dividends.  

Annual Percentage Yield Earned (APYE):  The APYE is included in your Credit Union statement and reflects the total amount of dividends actually earned for the statement period. The amount is based on the actual average daily balance in the account and is affected by deposits and withdrawals made, and the number of days in the statement period.