Money Market Account

*Annual Percentage Yield

Rates effective as of today, and are subject to change after the account is opened.

Rate Information: The dividend rate and Annual Percentage Yield are subject to change. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The Annual Percentage Yields, as quoted above, are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.

Dividend Information: 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 the first period is January 31. All other dividend periods are based upon a calendar month and follow the same pattern of dates. The dividend declaration period is the last date of the dividend period, and for this example would be January 31.

Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the dividend 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. If you close your account before dividends are credited to your account, you will not receive any unpaid dividends.

The dividend rate and Annual Percentage Yield paid on your account depends upon the tier into which your ending balance falls each day. Tiers are the different ranges of balances.

Minimum Balance Requirements: The minimum balance required to open this account is $2,500.00. You must maintain a daily balance of $2,500.00 to avoid a minimum balance fee. If your daily balance falls below the stated minimum balance during any day, your account will be subject to a minimum balance fee for the dividend period as set out in our fee schedule.

Transaction Limitations: Funds may not be withdrawn from this account through an ATM, ITM, Debit Card, or ACH transaction. During any calendar month you may not make more than six withdrawals from or transfers to another credit union account of yours or to a third party by means of a pre-authorized, automatic transfer, telephonic order or instruction, check, draft, debit card, or similar order to a third party. If you exceed these limitations the transaction may be denied, an item presented for payment will be returned and may be subject to a fee, or your account may be closed. There is no limit on the number of withdrawals or transfers made by you in person, by mail, ATM, or ITM.