Minimum Balance Requirements. You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.
Minimum Balance Requirements. The minimum balance required to open this account is $1,000.00. You must maintain a minimum daily balance of $1,000.00 in your account each day to obtain the disclosed annual percentage yield. Accrual of Dividends: Dividends will begin to accrue on the business day you deposit cash and non-cash items (e.g., checks) to your account. Transaction Limitations: You may not make any withdrawals or transfers to another Credit Union account of yours or to a third party by means of preauthorized or automatic transfer, telephone transfer, or a similar order to a third party. Additional deposits to this account are allowed, but not to exceed the maximum allowed by law. You will receive a complete disclosure at the time of opening your IRA account. If your IRA Savings Account(s) has no activity within a one-year period your account will be subject to an Inactive/Dormant Account Fee. Refer to the Fee Schedule. HEALTH SAVINGS ACCOUNT: Dividends are subject to change and are posted at xxx.xxxxxxxxxxxxxxxxxxxx.xxx . Compounding and Crediting: Dividends will be compounded and credited to your account every quarter. For this account type, the dividend period is quarterly. For example, the beginning date of a dividend period 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 example is March 31. If you close your account before dividends are paid, you will not receive the accrued dividend. Balance Computation Method: Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Minimum Balance Requirements: There is no minimum balance required to open this account. Accrual of Dividends: Dividends will begin to accrue on the business day you deposit cash and non-cash items (e.g., checks) to your account. Transaction Limitations: You may not make transfers to another Credit Union account of yours or to a third party by means of preauthorized or automatic transfer, telephone transfer, or a similar order to a third party from your HSA. Additional deposits to this account are allowed, but not to exceed the maximum allowed by law. The Federal Government and all IRS Rules regulate HSA’s. You will receive a complete disclosure at the time of opening your Health Savings Account.
Minimum Balance Requirements. The minimum balance to open each account type is set forth in this disclosure. You must maintain a minimum average daily balance as listed to obtain the annual percentage yield disclosed. Balance computation method: Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in your 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. Our Commitment to Your Privacy North Jersey Federal Credit Union is committed to protecting personal information and using it only in ways consistent with your expectations. This is a high priority for everyone at our credit union and those we work with. As a member or potential member of NJFCU, you also have a responsibility to safeguard your financial information. To ensure that you can rely on us, we make this commitment to you: • We will collect only the personal information that is necessary to provide you with competitive financial products and services. • We will protect personal information by maintaining strong security controls on our files and computers to protect against unauthorized access to personal records, ensure the accuracy of transactions and communications, and protect member confidentiality. • You will have access to your information. You will have the opportunity to review your information and make necessary changes to ensure that our records are complete and accurate. • We will not sell your personal information. • We will only share information when absolutely necessary as permitted by law. We will only share information to administer the products and services we provide, when required to do so by the government, or when we partner with other organizations to offer a broad array of products and services. • We will require strict confidentiality from our partners, and we will never authorize a partner organization to charge your account without your consent.
Examples of Minimum Balance Requirements in a sentence
Minimum Balance Requirements: There is no minimum balance requirement to open this account.
Minimum Balance Requirements The minimum balance required to open this Account is $5.
Minimum Balance Requirements: There is no minimum amount required to open this account.
Minimum Balance Requirements The minimum deposit to open this account and be paid dividends is $500.
Minimum Balance Requirements: The minimum required to open and maintain this account is the purchase of a $5.00 par value share in MSUFCU.
More Definitions of Minimum Balance Requirements
Minimum Balance Requirements. The minimum required to open this account is $2,000.00. You must maintain a minimum daily balance of $2,000.00 in your account to obtain the disclosed annual percentage yield. If, at any point during the month, your checking account balance falls below the required $2,000.00 minimum balance, you will be subject to a minimum balance fee.
Minimum Balance Requirements. The minimum balance to open the certificate is $25 and you must maintain a member share account with a minimum balance of $5.00.
Minimum Balance Requirements. The minimum balance required to open a 6-month Certificate of Deposit is $1,000.00. Accrual of Interest: Interest will begin to accrue on the business day you deposit cash and non-cash items (e.g., checks) to your account. Account Restrictions: Additional deposits, prior to maturity, other than the interest posted, are not allowed. Other than the payment of interest as described in Compounding and Crediting, you may not withdraw from this account prior to maturity. Early Withdrawal Penalties: Penalty for early withdrawal on a 6-month certificate will be the lesser of forfeiture of interest earned or 90 days of interest on your deposit If the interest available at the time of early withdrawal is not sufficient to cover the applicable penalty, the credit union may deduct from the principal amount to cover the penalty. There are certain circumstances, such as the death or incompetence of an owner, where we may waive or reduce this penalty. 18-, 24-, 36-, 48-, AND 60-MONTH CERTIFICATE OF DEPOSIT: Compounding and Crediting: Interest on the 18-, 24-, 36-, 48-, and 60-Month Certificates will be compounded and credited monthly. Interest earned can be received as follows:
Minimum Balance Requirements. The minimum balance to open the account is $5.00. If the balance falls below $5 at any time, the account may be closed. See Balance Computation Method above. Fees and Charges; Other Requirements: See our Schedule of Fees at xxxxxxx.xxx/xxxx. EDUCATION SAVINGS ACCOUNTS Dividends: See Disclosures Concerning Dividends above. Current rates are disclosed on the Credit Union’s website.
Minimum Balance Requirements. You must maintain a minimum daily balance of $1,000.00 in your Select Checking account to obtain the disclosed annual percentage yield. Certificate Account Rate Information: The interest rate for this account is based on the term selected and the rate tier for the amount deposited. The interest rate designated on your Certificate Contract will be paid on your entire balance and the rate will not change during the term of the Certificate.
Minimum Balance Requirements. For Prime Savings Accounts, the minimum balance required to open the account and earn dividends is $5 (which represents the value of one share). If the balance falls below $5 at any time, the account may be closed. For Special Savings Accounts, there is no minimum balance required to open the account. See Balance Computation Method above. Fees and Charges; Other Requirements: See our Schedule of Fees at xxxxxxx.xxx/xxxx. HOLIDAY CLUB ACCOUNTS
Minimum Balance Requirements. The minimum balance to open the account is $5.00. If the balance falls below $5 at any time, the account may be closed. See Balance Computation Method above. Fees and Charges; Other Requirements: See our Schedule of Fees at xxxxxxx.xxx/xxxx. HEALTH SAVINGS ACCOUNTS (HSA) Dividends: See Disclosures Concerning Dividends above. Current rates are disclosed on the Credit Union’s website. Minimum Balance Requirements: There is no minimum balance reqiured to open the account. See Balance Computation Method above. Fees and Charges; Other Requirements: See our Schedule of Fees at xxxxxxx.xxx/xxxx. MONEY MARKET ACCOUNTS