For a higher rate,
certificates are available. We offer competitive rates. Penalty applies for
early withdrawal.
- Term 6 Month, Minimum Balance $1000
- Term 12 Month, Minimum Balance $1000
- Term 24 Month, Minimum Balance $1000
- Term 36 Month, Minimum Balance $1000
- Term 6 Month - 36 Month, Minimum Balance $500 (Minor
Accountholders)
Rates Effective April 1, 2013
|
Term |
6
Month |
12
Month |
24
Month |
36
Month |
|
Minimum |
$1000 |
$1000 |
$1000 |
$1000 |
|
Dividend Rate
(Fixed) |
.30% |
.40% |
.50% |
.60% |
|
APY *
(Fixed) |
.30% |
.40% |
.50% |
.60% |
|
Renewable |
Yes |
Yes |
Yes |
Yes |
|
Early Withdrawal
Penalties |
30
Days
of Interest |
30
Days
of Interest |
90
Days
of Interest |
90
Days
of Interest |
*Annual
Percentage Yield
TRUTH-IN-SAVINGS ACCOUNT
DISCLOSURES
Except as specifically described,
the following disclosures apply to all of the accounts. All accounts described
in this Rate and Fee Schedule are share accounts.
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 Certificate and IRA Share
Certificate accounts, the Dividend Rate and Annual Percentage Yield are fixed
and will be in effect for the term of the account. For Share, Share Draft,
Vacation, Scottie Savers Club, Christmas Club, and IRA accounts, the Dividend
Rate and Annual Percentage Yield may change quarterly as determined by the
Credit Union’s Board of Directors. The Annual Percentage Yield is based on an
assumption that dividends will remain on deposit until maturity. A withdrawal of
dividends will reduce earnings.
Complete Disclosure Information
