A Representative Payee is an individual appointed by the Social Security Administration to manage Social Security or Supplemental Security Income (SSI) for a recipient beneficiary unable to handle his or her own finances.
|Product||Dividend Rate||Annual Percentage Yield|
|Share Savings Accounts||1.50%||1.51%|
Annual Percentage Yield is accurate as of October 1, 2022.
Dividends are compounded DAILY and declared at the beginning of each month and are credited and posted on the last day of the month.
Share rates are subject to change monthly (such change to be effective on the first day of each month) to reflect any changes as declared by the Board of Directors of the State Farm Credit Union during the month preceding any such change.
Features & Benefits
- Competitive rates means better returns
- Helpful for appointed person to manage the recipient beneficiary’s (SFFCU member) SSI or Social Security payments
- Able to have Secondary Share Accounts to help representative payee manage and organize the SFFCU member’s funds
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Get these benefits when you save with us.
We offer the same competitive rates regardless of the balance.
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Shares are secured by the NCUA.
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Multiple share savings account options help meet your savings needs.