Variable Rate Information. For all dividend-bearing Variable Rate Accounts, the dividend rate and APY may change every dividend period based on the determination of the Credit Union Board of Directors.
Variable Rate Information. The interest rate on this plan can vary from time to time. For each billing cycle, the index is determined on the 15th day of the calendar month prior to the calendar month in which the billing cycle begins. The index we use is the highest (U.S.) “
Variable Rate Information. If any Annual Percentage Rate is variable, your rate is determined by adding the applicable Margin to the applicable Index (in some cases, the applicable Margin may be subtracted from the applicable Index). The daily periodic rate is 1/365th (1/366th during leap years) of the Annual Percentage Rate. The Schedule will show if you have a variable rate and will describe your Index and Margin. An increase in the Index will increase the applicable Annual Percentage Rate and daily periodic rate, which may increase the minimum payment due on your account.
Variable Rate Information. If your rate is variable as indicated above, the rate is based on the Board of Director's discretion. We may change the rate monthly on the first day of the month or quarterly (January 1, April 1, July 1, and October 1) as applicable as indicated above. There are no limitations on the amount the rate can change. 7. Bonuses. Certain accounts have bonuses available, as follows: Project Quince and Get Fit Account. The maximum balance to open the account is $400. The minimum monthly deposit requirement is $20 while the maximum monthly deposit is $400. If you fail to deposit $20.00 per month for three months during a twelve- month period, the funds in the account will be transferred to the Basic Savings Account. If more than $400 per month is deposited, the excess will be automatically transferred to the Basic Savings Account. When the account reaches $10,000, we will deposit the $100 bonus into the Basic Savings Account within 90 days. Anything in excess of $10,000 will remain in the account to allow you to continue saving. 8.
Variable Rate Information. Except for Prime Money Market Accounts, the dividend rate and APY may change each dividend period based on the determination of the Credit Union's Board of Directors. For Prime Money Market Accounts, the dividend rate and APY may change on the 1st day of each calendar month, based on the Wall Street Journal (WSJ) Prime Rate in effect on the last day of the preceding calendar month. For each dividend period that You meet the minimum balance requirements, You will earn dividends at a rate equal to the highest Prime Rate in effect on the last day of the preceding calendar month minus three and three-quarter percentage points (3.75%), subject to a minimum of three tenths of one percentage point (0.30%).
Variable Rate Information. The interest rates and annual percentage yield (APY) may change every month. We may change the dividend rate for your account as determined by the credit union.
Variable Rate Information. The APR is a variable rate based on the U.S. Prime Rate plus the applicable Margin. The Prime Rate is the highest rate published in the Wall Street Journal as of the first day of the calendar months of March, June, September and December and becomes effective on the first day of your billing cycle that begins in the same month in which the index was published. If the U.S. Prime Rate increases, your rate will increase. If the U.S. Prime Rate is not published or becomes unavailable, we may substitute a rate that we believe, in our sole discretion, to be similar to the U.S. Prime Rate. The Margin is a specific number of percentage points which is added to the U.S. Prime Rate to calculate the Annual Percentage Rate. Your Margin will be determined by our review of your credit report. The Margin is the same for purchases, cash advances, and balance transfers unless any promotional offer states otherwise. The current Margin ranges: Essential Mastercard® Margin Range: 5.74% to 16.74% Cash Rewards Mastercard® Margin Range: 7.74% to 18.74% Flex Rewards World Mastercard® Margin Range: 9.74% to 20.74%
Variable Rate Information. If your rate is variable as indicated above, the dividend rate and Annual Percentage Yield (APY) are variable and may change monthly as determined by Municipal Credit Union. There are no limitations on the amount the rate can change.
Variable Rate Information. Your interest rate and annual percentage yield (“APY”) may change. • We may change the interest rate on your Account at any time, at our discretion. • There are no maximum or minimum interest rate limits for your Account. Compounding and Crediting. • Interest will compound daily and paid to your Account monthly. • You will NOT receive accrued interest if you close your Account before we credit your accrued interest.
Variable Rate Information. The following applies to any APR on your Account that varies with the market based on the Prime Rate. The standard Annual Percentage Rates (APRs) on our Account that are used to determine the amount of interest to be charged for Purchases, Balance Transfers, and Cash Advances are variable rates. The APRs on your Account correspond to a daily periodic rate (“DPR”) or a monthly periodic rate (“MPR”) which is applicable only to residents of Iowa at the time of Account opening. The applicable DPRs/MPRs on your Account equal 1/365th (or 1/12th for residents of Iowa at the time of Account opening) of the sum of 1) the applicable Prime Rate,
