Daily 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. 5.
Daily Balance Computation Method. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Daily 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. If the balance falls below $5.00 for the day your account will not earn a dividend.
Daily Balance Computation Method. Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Daily Balance Computation Method. Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day Accrual of Interest on Non-Cash Deposits: Interest will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account. Transaction Limitations: After the certificate is purchased, no additional monies can be added until the stated maturity date. Partial withdrawals may be made throughout the term of the account; however, early withdrawal penalties will apply. This account may not be used for any electronic withdrawals or automatic transfers out of this account and into any other Alpena Alcona Area Credit Union account. Early Withdrawal Penalty: An early withdrawal penalty will be imposed for withdrawals before maturity. Withdrawal of Interest Prior to Maturity: The annual percentage yield is based on the assumption that interest will remain in the account until maturity; any withdrawal of interest will reduce earnings.
Daily Balance Computation Method. Dividends are calculated by using the daily balance method. This method applies a daily periodic rate to the principal in the account each day. Dividends are credited to accounts monthly. Accrual of Dividends on Noncash Deposits: Dividends begin to accrue on the first business day you place noncash items (i.e.: checks) in your account. Transaction Limits: During any month, you may make only six (6) with- drawals/transfers (by means of a preauthorized draft, or automatic or tele- phone transfer) to any another account of yours or to a third party in any month. No more than three (3) of these six (6) withdrawals/transfers may be made by check, draft, or debit card to a third party. If you exceed the transfer limitations, your account may be subject to a fee or may be closed. Par Value and Minimum Balance: See below for the par value and minimum balances to open and earn dividends for each account type. ACCOUNT TYPE PAR VALUE MINIMUM BALANCE Regular Share Account $ 1.00 $ 1.00 Special Share Account None $ 1.00 Holiday Club Account None $ 1.00 Basic Checking Account None None Premier Checking Account None $ 500.00 Money Market Account None $ 1,000.00 Share Certificate (Certificate of Deposit) None $ 500.00 IRA Savings Account None None IRA Share Certificate (CD) None $ 500.00 The following information applies to specific Share Accounts. Money Market Account — the minimum deposit is $25.00 and the minimum withdrawal is $200.00. Holiday Club Account — balances are paid to you by check or trans- ferred to another account of yours on or after October 1 of each year and the account will remain open. Share Draft Account Transaction Limitation — You may make complete unlimited transactions for this account. Share Certificate Transaction Limitation — After you open a certificate, you may not add to the balance in the account until the certificate matures. Automatic Renewal — Your certificate will automatically renew at maturity, at the same term. The dividend rate will be a new rate. You can prevent an automatic renewal by withdrawing the funds within ten (10) calender days after maturity. Compounding and Crediting — Dividends will be not compounded and credited monthly. 0000 Xxxxxxx Xxxxxx • St. Xxxxxx, MO 64506 816-279-5656 • 000-000-0000 Fax xxx.xxxxxxxx.xxx Publish Date 1/16 • Truth In Savings Disclosures • Terms and Conditions • Funds Availability FUNDS AVAILABILITY DISCLOSURE — ALL ACCOUNTS
Daily 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. When Dividends Begin to Accrue Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account. Transaction limitations The maximum number of shares you can own in this account is one. We reserve the right to at any time require not less than seven days notice in writing before each withdrawal. Par Value of a Share The par value of a share in this account is $25.00 Fees and Charges A monthly fee will be charged each month. This fee will not apply if you have a Business Checking account. A deposit fee will be charged for each deposit in excess of 20 during a statement period
Daily Balance Computation Method. Interest is calculated by the daily balance method, which applies a daily periodic rate to the balance of the account each day. Early Withdrawal Penalties: Only one withdrawal may be made from the account during the term of the certificate, and it will be charged a penalty of $25.00. The fee will be taken from the account balance or will be paid by the member if the balance in the account is less than $25.00. The principal of the certificate may be invaded depending on the issue date of the certificate and the current balance.
Daily 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. Accrual of Dividends on Noncash Deposits – Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account. Transaction Limitations: The maximum number of voting shares you can own in this account is one, even though you may have multiple accounts. One share, one vote. During any month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized, automatic, or computer transfer, telephonic order or instruction, or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union. Par Value of a Share: The par value of a share in this account is $25.00. E-Z CHECKING ACCOUNT: The minimum balance required to open this account is $25.00. Minimum Balance Requirement: No minimum balance requirements apply to this account. Transaction Limitation: No transaction limitations apply to this account unless otherwise stated in the Common Features section. OPTIMUM CHECKING: The minimum balance required to open this account is $25.00. Transaction Limitation: No transaction limitations apply to this account unless otherwise stated in the Common Features section. Rate Information: The dividend rate and annual percentage yield may change at any time. Qualifying criteria must be met to earn stated rate. A copy of the qualifying criteria can be obtained by contacting the credit union. Dividend Period – 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 such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the third Wednesday of the preceding dividend period. For the example above the calendar year 2012, the dividend declaration date was December 31, 2012. Minimum Balance Requirements: No minimum balance requirements apply to this account. Daily Balance Computations Method – Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. TOP BRASS CHECKING ACCOUNT (The account is for members age 62 and over) Rate Information: The dividend rate and annual percentage yield may c...
Daily Balance Computation Method. Dividends are calculated by the daily balance method that applies a daily periodic rate to the balance in the account each day. Minimum Opening Deposit: The minimum opening deposit is $2,500. Minimum Balance Requirements: A monthly service fee of $10.00 is charged on this account unless a $2,500 minimum balance is maintained during the entire month. Transaction Limitations: Keys Money Market accounts are limited to six (6) withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized, automatic transfer, online transfer, telephonic order or similar order to a third party per calendar month. A fee will be assessed should you exceed the above transaction limits. If you exceed the transfer limits herein, your account may be assessed additional fees and/or will be subject to closure. See the Fee Schedule for fee amounts. Xxxx XXX Money Market Account Rate Information: The tiered dividend rate and annual percentage yield may change weekly, as determined by the credit union board of directors. Compounding and Crediting: Dividends will be compounded daily and will be credited to your account monthly. Dividend Period: 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 through January 31. All other dividend periods follow this same pattern of dates. The dividend rates and annual percentage yields are the rates and yield as of the last dividend declaration date, which for this example is January 31.
