Performance Tiered Account
Catalyst Corporate offers members the opportunity to earn competitive rates on overnight investments through its Performance Tiered Account (PTA). This tier-structured investment account offers unparalleled flexibility and attractive rates. The higher the balance, the higher the rate of interest earned on the entire account balance.
Features & Benefits:
- The PTA provides competitive dividends on credit unions’ overnight funds.
- The account offers a tiered structure, with higher rates of interest paid on higher balances.
- Flexible unlimited transfers may be executed until 4 p.m. Central Time daily.
- Online account access makes monitoring and moving funds convenient.
- Dividends are declared daily and posted effective the last day of the month.
Based on historical balance information, certain credit unions using PTA may be asked to participate in the Federal Reserve’s Overnight Sweep Account. For more information, visit Federal Reserve Bank’s Overnight Sweep Account.