Effective January 2, 2009
| |
Term |
Minimum Balance |
APR |
APY |
| Share accounts |
|
$5.00 |
0.50% |
0.50% |
| |
|
|
|
|
| Calculation is based upon the member’s average daily balance. Dividends are disbursed and compounded on the last day of the month |
| |
|
|
|
|
| Share Certificates & Individual Retirement Account Certificates |
| |
6 months |
$1,000.00 |
2.50% |
2.53% |
| |
12 months |
$1,000.00 |
3.00% |
3.04% |
| |
18 months |
$1,000.00 |
3.00% |
3.04% |
| |
24 months |
$1,000.00 |
3.00% |
3.04% |
* minimum balance for IRA accounts is $500.00 Calculation is based upon the member’s average daily balance. Dividends are disbursed and compounded on the last day of the month. Penalty for early withdrawal will be 90 days of dividends at the date of withdrawal. The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if the dividend has already been paid, the penalty will be deducted from the principal.
Rate Information:
The annual percentage yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on The dividend rate and frequency of compounding for an annual period. For Share accounts, the Dividend rate and annual percentage May change at any time as determined by the Credit Union’s Board of Directors. The dividend rates and annual percentage yields Are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.
