Loan Rates Vehicle Rates Savings Rates Share Certificate Rates Home Equity Rates Fees
Effective as of: 6/30/2014
|Account Type ||Annual Percentage Dividend||Annual Percentage Yield||Balance Tier|
|Regular Savings||0.00%||0.00%||$0.00 - $99.99|
|0.35%||0.35%||$100.00 - $4,999.99|
|0.60%||0.60%||$5,000.00 - $19,999.99|
|0.85%||0.85%||$20,000.00 and up|
|Christmas Clubs||0.10%||0.10%||$0.00 and up|
|1.Rate Information: The dividend rate and Annual Percentage yield on your accounts are set forth above. The Dividend Rate and Annual Percentage Yield may change at any time as determined by the Board of Directors and the profitability of the Credit Union.
2.Compounding and Crediting: Dividends will be compounded and credited quarterly. Beginning the first calendar day of the quarterly period (January 1st April 1st July 1st Oct 1st ) and ending on the last calendar day of the quarterly period( March 31, June 30, Sept 30 and Dec 31) Dividends will be posted the last day of the quarterly period. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the end-of-day principal in the account each day. The daily periodic rate is 1/365.
3.Accrual of Dividends: Dividends will begin to accrue on the non-cash deposits on the business day you make the deposit to your account. If you close your account before accrued dividends are credited dividends will not be paid.
4.Balance Information: The minimum balance required to post a dividend is $100.00.
5.Nature of Dividends: Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The Nominal dividend rate and annual percentage yield are prospective rates and yields that the credit union anticipates paying for the dividend period.|