Checking, savings and certificates
Every account starts with a $25 share savings account, which makes you a member. From there, add checking, a certificate, an IRA or a Christmas Club.
No monthly service chargeChecking
Four checking accounts, each with no monthly service charge. Open any of them with $25, then manage it from online banking or your debit card.
- Free online banking, online transfers and Caprock Bill Pay
- No fee for debit card transactions at our ATM
- Recurring ACH transfers at no charge
| Account | Dividend rate | APY* | Minimum balance |
|---|---|---|---|
| Elite | 0.03% | 0.03% | $0.00 |
| Premium | 0.02% | 0.02% | $0.00 |
| Caprock Checking | 0.01% | 0.01% | $0.00 |
| Caprock Convenience | 0.00% | 0.00% | $0.00 |
*APY is Annual Percentage Yield. Rates are from our Truth in Savings rate schedule dated April 1, 2025, and may change after an account is opened. Dividends are compounded monthly. Fees could reduce earnings.
Share savings
Your share savings account is your membership. Keep $25 in it and you are a member and an owner of Caprock, with a vote in electing the board.
- $25 to open ($5 for youth accounts)
- No membership fee
- Tiered rates: larger balances earn more
On balances of $100,000 or more. Balances under $5,000 earn 0.01% APY*. Minimum balance $25.
*APY is Annual Percentage Yield. Rates are from our Truth in Savings rate schedule dated April 1, 2025, and may change after an account is opened. Dividends are compounded monthly. Fees could reduce earnings.
Share certificates
Lock in a rate for 6 to 60 months, starting at $1,000. Certificates renew automatically at maturity, and when you open one you choose how dividends are paid: added to the certificate, moved to another account, or sent by check.
- Bump-up option on select certificates of 12 months or more
- The 60-month certificate allows two bump-ups
- The same terms are available for IRA certificates
| Term | Dividend rate | APY* |
|---|---|---|
| 6 months | 0.15% | 0.15% |
| 12 months | 0.25% | 0.25% |
| 18 months | 0.25% | 0.25% |
| 24 months | 0.27% | 0.27% |
| 30 months | 0.40% | 0.40% |
| 36 months | 0.50% | 0.50% |
| 42 months | 0.42% | 0.42% |
| 48 months | 0.45% | 0.45% |
| 54 months | 0.47% | 0.47% |
| 60 months | 0.50% | 0.50% |
| Term | Dividend rate | APY* |
|---|---|---|
| 6 months | 0.30% | 0.30% |
| 12 months | 0.40% | 0.40% |
| 18 months | 0.40% | 0.40% |
| 24 months | 0.42% | 0.42% |
| 30 months | 0.55% | 0.55% |
| 36 months | 0.65% | 0.65% |
| 42 months | 0.57% | 0.57% |
| 48 months | 0.60% | 0.60% |
| 54 months | 0.62% | 0.62% |
| 60 months | 0.65% | 0.65% |
*APY is Annual Percentage Yield. Rates are from our Truth in Savings rate schedule dated April 1, 2025, and may change after an account is opened. Dividends are compounded monthly. Fees could reduce earnings. Certificates take no additional deposits. Early withdrawal penalty: 90 days of dividends on 6-month certificates, 180 days on 12- and 18-month certificates, and 365 days on 24-, 36- and 60-month certificates. To use the bump-up option, contact us during the term to request the higher rate.
Calamity clause: if you suffer a health-related hardship or a death in the family, the credit union may waive early withdrawal penalties at the President's discretion.
IRAs
Save for retirement in an individual retirement account. Keep it flexible in an IRA share account, or earn a fixed rate with an IRA certificate on the same terms as our share certificates.
- IRA share account: 0.25% APY* on all balances
- $50 to open an IRA share account
- IRA certificates from 6 to 60 months, $1,000 minimum
Christmas Club
Put a little away all year. In early November, your Christmas Club balance moves into your share savings, in time for holiday shopping.
- No minimum balance
- One of our highest savings rates
- Pays out into your share savings in early November
On balances up to $15,000. Any balance above $15,000 earns 0.06% APY*.
*APY is Annual Percentage Yield. Rates are from our Truth in Savings rate schedule dated April 1, 2025, and may change after an account is opened. Dividends are compounded monthly. Fees could reduce earnings.
Questions about accounts
Don't see yours? Call us at (806) 872-5151, or send a message from the Locations page.
How much does it take to open an account?
$25 in a share savings account ($5 for youth accounts). That deposit makes you a member, and there is no membership fee.
Is there a monthly fee on checking?
No. None of our checking accounts has a monthly service charge.
Are my deposits insured?
Yes. Your savings are federally insured by the National Credit Union Administration (NCUA), an agency of the U.S. government, up to $250,000 per member, per ownership category.
Can I add money to a certificate after I open it?
No. Certificates take one deposit and renew automatically at maturity. Open a second certificate any time you want to add more.
What happens if I need certificate money early?
You can withdraw it, with a penalty: 90 days of dividends on a 6-month certificate, 180 days on 12- and 18-month certificates, and 365 days on 24-, 36- and 60-month certificates.
Where can I see every rate and fee?
The rate schedule lists every account and term, and the fee schedule lists every fee.