TRUTH IN SAVINGS. Interest The interest rate and Annual Percentage Yield (“APY”) applicable to the entire balance in your HSA Deposit Account on any given day will depend on which of the specific balance ranges your daily Account balance falls within on that day. The balance ranges are described below, and the initial interest rate and APY currently applicable to each are disclosed next to the particular balance level. Balance Levels Tier Balance Interest Rate APY I $0.00 – 999.99 0.10% 0.10% II $1,000.00 – 4,999.99 0.15% 0.15% III $5,000.00 – 14,999.99 0.25% 0.25% IV $15,000.00 and over 0.50% 0.50% We reserve the right to change the interest rate and APY on your Deposit Account at any time in our sole discretion. We are not required to notify you in advance of those changes. We also reserve the right to change the balance levels on which different rates of interest may be paid. Interest will be credited to your Deposit Account at the end of each monthly statement cycle and will be compounded monthly. If you close your Deposit Account before interest is credited, you will not receive any accrued (but not yet credited) interest. We use the daily balance method to calculate interest on your Deposit Account. This method applies a daily periodic rate to the balance in your Deposit Account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (i.e., checks). Schedule of Fees You are responsible for the payment of the fees set forth in our Schedule of Fees, below. However, in some instances, the fees, or a portion thereof, may be paid by an Employer, Plan Service Provider, or insurance carrier. To the extent that the fees are not paid by another entity, we will deduct the fees from your Deposit Account. These charges are subject to change by us at any time (including, but not limited to, the expiration of your High Deductible Health Plan), upon notice to you as required by applicable law. Online Enrollment Fee $0.00 Check Copies $10.00 (per copy) Paper Enrollment Fee $10.00 Wire Transfer $10.00 Monthly Service Charge $0.00 ATM Withdrawal Fee (when ATM access is allowed) $2.50 Debit Card Transactions $0.00 Account Closing Fee $15.00 Overdraft or items returned for insufficient funds* $25.00 (per item) Check Reimbursement $15.00 (per check) Stop Payment Request $20.00 (per item) Returned Deposited Item $3.00 (per item) FUNDS AVAILABILITY Availability Generally, our policy is to make funds from your cash and check depo...
TRUTH IN SAVINGS. Account Fees You agree to pay certain account fees in accordance with the Dividend Rate and Fee Schedule. The Credit Union may charge a fee and/or stop paying dividends on dormant and inactive accounts. You agree that the Dividend Rate and Fee Schedule may be amended form time to time by our Board of Directors. The Dividend Rate and Fee Schedule and any amendments to it are hereby incorporated as part of this Agreement.
TRUTH IN SAVINGS. Variable Rate Information Your interest rate and annual percentage yield (“APY”) may change. At our discretion, we may change the interest rate on your Account at any time. There are no maximum or minimum interest rate limits for your Account. Compounding and Crediting Interest will be compounded daily and will be paid to your Account monthly. If you close your Account before accrued interest is credited, you will NOT receive this accrued interest.
TRUTH IN SAVINGS. SF Fire Credit Union offers savings, checking, term investment, and individual retirement (IRA) accounts. The dividend rates and designated annual percent- age yields (APYs) may change at any time at the discretion of the Credit Union’s Board of Directors. TRANSACTION LIMITATIONS REGARDING ALL ACCOUNT TYPES For all savings, Tiered Savings and term investment accounts, during any calendar month, you may not make more than six (6) withdrawals or transfers to another account or to a third party by means of pre-authorized transfer, telephone transfer or data transmission request. If you exceed the transfer limitations set forth above in any calendar month, the transfer request may be denied.
TRUTH IN SAVINGS. At the time you opened your account, you received a Truth-In-Savings Account Disclosure of all fees and charges applicable to the account, the Annual Percentage Yield and the dividend rate, minimum balance requirements, compounding and creating of dividends and other pertinent information related to the account. This information found in the disclosure may change from time to time. If the fees, charges, minimum balance requirements or other items change in a manner that would adversely affect you, we will provide you with written notice thirty (30) days prior to the change.
TRUTH IN SAVINGS. Interest The interest rate and Annual Percentage Yield (“APY”) applicable to the entire balance in your Deposit Account on any given day will depend on which of the specific balance ranges your daily Deposit Account balance falls within on that day. The balance ranges are described below, and the initial interest rate and APY currently applicable to each are disclosed next to the particular balance level. Balance Levels Tier Balance Interest APY I $0.01– $2,499.99 0.05% 0.05% II $2,500.00 – $4,999.99 0.10% 0.10% III $5,000.00 - $9,999.99 0.15% 0.15% IV $10,000.00 – $14,999.99 0.20% 0.20% V $15,000.00 - $24,999.99 0.30% 0.30% VI $25,000.00 and over 0.40% 0.40% We reserve the right to change the interest rate and APY on your Deposit Account at any time in our sole discretion. We are not required to notify you in advance of those changes. We also reserve the right to change the balance levels on which different rates of interest may be paid. Interest will be credited to your Deposit Account at the end of each monthly statement cycle and will be compounded monthly. If you close your Deposit Account before interest is credited, you will not receive any accrued (but not yet credited) interest. We use the daily balance method to calculate interest on your Deposit Account. This method applies a daily periodic rate to the balance in your Deposit Account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (i.e., checks). Schedule of Fees You are responsible for the payment of the fees set forth in our Schedule of Fees, below. However, in some instances, the fees, or a portion thereof, may be paid by an employer, plan service provider, or insurance carrier. To the extent that the fees are not paid by another entity, we will deduct the fees from your Deposit Account. These charges are subject to change by us at any time (including, but not limited to, the expiration of your high deductible health plan), upon notice to you as required by applicable law. Monthly Service Charge $2.45 – Waived if your HSA Deposit Account avg. daily balance is $3,000.00 or above (exclusive of investment account balance) Quarterly Paper Statement (waived if you opt for e-statements)* $1.50 per quarter Insufficient Funds** $0.00 (per item) Stop Payment Request $0.00 (per item) Paper Enrollment Fee $0.00 Returned Deposited Item $0.00 (per item) Check Copies $0.00 (per copy) UMB ATM withdrawal – when ATM access is allowed (with...
TRUTH IN SAVINGS. The following information is required by the Truth-in-Savings Act and discusses terms and features of your account(s), including dividend rates, fees, account limitations and other account terms. Rate Information Current dividend rates along with corresponding annual percentage yields (APYs) for share and deposit accounts are disclosed in the “LGFCU Share & Deposit Account Rate Summary,” which may be obtained at any branch office. In addition, you may verify current rates and APYs on our website, xxx.xxxxx.xxx, or through our 24/7 voice response phone system, which can be reached by dialing 0.000.000.0000. Dividend rates for new STCs and other accounts are set by our Board of Directors at its discretion and are subject to change daily without notice. Dividend Rates for Share and Deposit Accounts: Dividends are paid from current income and available earnings, after required transfers to reserves, at the end of a dividend period. Dividends are paid on Share Accounts (including FAT CAT Share Accounts and Zard Share Accounts), Holiday Cash Club Accounts, Salary Advance Cash Accounts, IRAs, SEP IRAs, HSAs, Xxxxxxxxx ESAs, Checking Accounts (including Zard Checking Accounts), Money Market Share Accounts and Receipt and Agreement accounts. These accounts are variable rate accounts, which means the dividend rate and APY may change. CPG accounts do not earn dividends. Dividend Rates for STCs: Dividends are paid on STCs. These accounts are fixed rate accounts, which means the rate will not change during the term of an STC. If an STC is automatically renewed, the dividend rate will be based on the rate for that term on the date of renewal. Rates for new STCs are subject to change daily at the discretion of the Board of Directors. Compounding, Crediting and Accrual of Dividends Share and Checking Accounts: Dividends begin to accrue on the business day you deposit cash or non-cash Items to your account, regardless of whether a temporary hold is placed on the deposited funds. Dividends for Share Accounts (including FAT CAT Share Accounts and Zard Share Accounts), Salary Advance Cash Accounts, Holiday Cash Club Accounts, IRAs, SEP IRAs, HSAs, Xxxxxxxxx ESAs, Checking Accounts (including Zard Checking Accounts), Money Market Share Accounts, and Receipt and Agreement accounts are compounded daily. Dividends accrue daily and are credited monthly on the same day the monthly statement is generated (the statement date). STCs: Dividends are not compounded on STCs; they accrue a...
