Common use of Share Accounts Clause in Contracts

Share Accounts. Partners Federal Credit Union’s share accounts let you deposit your money in a savings account and withdraw your money at any time. Our share accounts are Primary Savings, Traditional Christmas Club, Special Savings, and IRA savings. INFORMATION ABOUT ALL SHARE ACCOUNTS RATE INFORMATION: The initial dividend rate and annual percentage yield (“APY”) is stated on the Rate Sheet accompanying this Disclosure. Unless otherwise indicated, all share accounts are variable rate accounts. The rate is a single tier rate and APY unless exceptions are indicated. The Rate and APY may change at any time in the Credit Union’s discretion. DIVIDEND COMPOUNDING AND CREDITING: Dividends will be compounded monthly and will be credited monthly. 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 is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date precedes the ending date of a dividend period and, for example, is the third Wednesday of every month. If you close your account before dividends are credited, you will not receive accrued dividends.

Share Accounts. Partners Federal Credit Union’s share accounts let you deposit your money in a savings account and withdraw your money at any time. Our share accounts are Primary Savings, Traditional Christmas Club, Special Savings, and IRA XXX savings. INFORMATION ABOUT ALL SHARE ACCOUNTS RATE INFORMATION: The initial dividend rate and annual percentage yield (“APY”) is stated on the Rate Sheet accompanying this Disclosure. Unless otherwise indicated, all share accounts are variable rate accounts. The rate is a single tier rate and APY unless exceptions are indicated. The Rate and APY may change at any time in the Credit Union’s discretion. DIVIDEND COMPOUNDING AND CREDITING: Dividends will be compounded monthly and will be credited monthly. 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 is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date precedes the ending date of a dividend period and, for example, is the third Wednesday of every month. If you close your account before dividends are credited, you will not receive accrued dividends.