The
dividend rate and annual percentage yield may change
every dividend period. We may change the dividend rate
for your
account as determined by the ...credit
union board of directors.
Compounding and crediting:
Dividends will be compounded every month. Dividends
will be credited to your account every month.
Dividend Period:
For this account type, the dividend period is
monthly, for example, the beginning date of the first
dividend period of the
calendar year is January 1, and the ending date of such
dividend period is January 31. All other dividend
periods follow
this same pattern of dates. The dividend declaration
date is the last day of the dividend period, and for the
example above
is January 31.
If you close your account before dividends are paid, you
will not receive the accrued dividends.
Minimum Balance Requirements:
The minimum required to open
this account is the purchase of one share in the ...credit
union.
You must maintain a minimum average daily balance of
$25.00 in your account to avoid a par value fee. If,
during any month,
your average daily balance is below the required
minimum, your account will be subject to a par value fee
of $2.00 once during
the statement cycle. You must maintain a minimum average
daily balance of $100.00 in your account to obtain the
disclosed
annual percentage yield.
Average daily balance computation method:
Dividends are calculated by the average daily
balance method which applies a periodic rate to the
average daily balance in the
account for the period. The average daily balance is
calculated by adding the balance in the account for each
day of the period
and dividing that figure by the number of days in the
period. The period we use is the monthly statement
cycle.
Accrual of dividends on noncash deposits:
dividends will begin to accrue on the business day
you place noncash items (for example, checks) to your
account.
Transaction Limitations:
The maximum automated teller
withdrawal we allow is $500.00 per day.
The above withdrawal limitation applies to this account
in combination with Checking and line of credit
accounts(s).
During any statement period, you may not make more than
six withdrawals or transfers to another credit union
account of yours
or a third party by means of a preauthorized or
automatic transfer or telephonic order or instruction.
No more than three of the
six transfers may be made by check, draft, debit card
(if applicable), or similar order to at third party. If
you exceed the transfer
limitations ser forth above in any statement period,
your account will be subject to closure by the credit
union.
Par Value of a Share:
The par value of a share in
this account is $25.00
Fees and Charges:
An excess share withdrawal fee of $1.00 will
be charged for each teller withdrawal in excess of two
during a month.
Super
Money Market
Rate Information:
The dividend rate and annual
percentage yield may change every dividend period. We
may change the dividend rate for your account
as determined by the credit union board of directors.
Compounding and crediting:
Dividends will be compounded every month. dividends
will be credited to your account every month.
Dividend report:
For this account type, the dividends period is
monthly, for example, the beginning date of the first
dividend period of the calendar
year is January 1, and the ending date of such dividend
period is January 31/ All other dividend periods follow
this same pattern
of dates. The dividend declaration date is the last day
of the last day of the dividend period, and for the
example above is January 31.
If you close your account
before dividends are paid, you will not receive the
accrued dividends
Minimum balance requirements:
The minimum balance required to open this account is
$2500.00.
You must maintain a minimum average daily balance of
$2500.00 in your account to avoid a minimum balance fee.
If,
during any month, your average daily balance is below
the required minimum, your account will be subject to a
minimum
balance fee of $5.00 once during the statement cycle. If
the account falls below $2500.00 for two months, the
balance
will be transferred to your Savings account. You, must
maintain a minimum average daily balance of a $100.00 in
your
account to obtain the disclosed annual percentage yield.
Average daily balance computation method:
Dividends are calculated by the average daily balance
method which applies a periodic rate to the average
daily balance in
the account for the period. The average daily balance is
calculated by adding the balance in the account for each
day of the
period and dividing that figure by the number of days in
the period. The period we use is the monthly statement
cycle.
Accrual of dividends on noncash deposits:
Dividends will begin to accrue on the business day you
place noncash items (for example, checks) to your
account.
Transaction Limitations:
During any statement period, you
may not make more than six withdrawals or transfers to
another credit union account
of yours or to a third party by means of a preauthorized
or automatic transfer or telephonic order or
instruction. no more
than three of the six transfers may be made by check,
draft, debit Card (if applicable), or similar order to
at third party.
if you exceed the transfer limitations set forth above
in any statement period, your account will be subject to
closure by
the credit union.
Club
Accounts (Vacation, Christmas, IRA)
Rate Information:
The dividend rate and annual
percentage yield may change every dividend period. We
may change the dividend rate
for your account as determined by the credit union board
of directors.
Compounding and crediting:
dividends will be compounded every quarter. Dividends
will be credited to your account every quarter.
Dividend period:
For this account type, the dividend period is quarterly,
for example, the beginning date of the first dividend
period of the
calendar year is January 1, and the ending date of such
dividend period is March 31. All other dividend periods
follow this
same pattern of dates. The dividend declaration date is
the last day of the dividend period, and for the example
above is March 31.
If you close your account before dividends are
paid, you will not receive the accrued dividends.
Minimum Balance Requirements:
You must maintain a minimum
average daily balance of $100.00 in your account to
obtain the disclosed annual percentage yield.
Average daily balance computation method:
Dividends are calculated by the average daily balance
method which applies a periodic rate to the average
daily balance in the
account for the period. The average daily balance is
calculated by adding the balance in the account for each
day of the period
and dividing that figure by the number of days in the
period. The period we use is the quarterly statement
cycle.
Accrual of dividends on noncash deposits:
Dividends will begin to accrue on the business day you
place noncash items (for example, checks) to your
account.
Transaction Limitations:
you may not make any withdrawals
or transfer to another credit union account of yours or
to a third party by means of a
preauthorized or automatic transfer, telephonic order or
instruction, or similar order to a third party. |
