Minimum Balance Requirements definition

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. 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. No minimum balance requirements apply to this account. We may establish minimum amounts for deposits in these Accounts from time to time. Deposits are also subject to federal law limitations. 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 noncash items (e.g., checks) to your account. Transaction limitations: IRS contribution limitations apply. You may make a withdrawal subject to possible penalties imposed by the Internal Revenue Service. We advise you to consult with your tax advisor prior to making a withdrawal. We reserve the right to require written notice before we allow you to withdraw from your account. You may not make any withdrawals or transfers to another Credit Union account of yours or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction, or similar order to a third party. Relation to Other Agreements: The terms of this disclosure are intended to work in conjunction with the Xxxxxxxxx Education Savings Account Custodial Account Agreement, and Disclosure Statement provided to you (the “ESA Account Agreement).” In the event of a conflict, the terms of the ESA Account Agreement will control. Fees and Charges: See separate Fee Schedule. CERTIFICATE ACCOUNT/XXX Rate Information: The interest rate and annual percentage yield are fixed for the term of the certificate. Compounding and Crediting: Interest is compounded quarterly and credited quarterly in accordance with the payment method requested when the certificate of deposit was purchased. Minimum Balance Requirement: The minimum purchase requirement is $500.00. 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 Alcon...

Examples of Minimum Balance Requirements in a sentence

  • MINIMUM BALANCE REQUIREMENTS: Certificate Accounts may be opened with the minimum balances stated on the current Deposit Rates sheet.

  • AT THE PRESENT TIME, THE DIVIDEND RATE ON SHARE ACCOUNTS IS 0.10%, AND THE ANNUAL PERCENTAGE YIELD IS 0.10% MINIMUM BALANCE REQUIREMENTS: The minimum required to open this account is $5.00.


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. You must maintain a minimum daily balance of $2,000.00 in your Interest Checking 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. Select Checking Account Disclosure – (For accounts opened prior to May 1, 2013) Rate Information: • Tier 1 – The designated rate will be paid on the entire portion of your daily balance that is less than$1,000. • Tier 2 – The designated rate will be paid only on the portion of your daily balance that is $1,000 or more.
Minimum Balance Requirements. We will require a minimum daily balance to open and maintain a White Account, which Minimum Balance may be varied by Bank from time to time. Refer to the Bank’s website for other account details and requirements, as the same may be amended from time to time, in the Bank's sole and absolute discretion. •Maintenance Fees: There will be no maintenance fee on a White Account in any calendar month when the daily balance is higher than the required minimum. In any calendar month when the daily balance is less than the required minimum, the White Account will be debited a maintenance fee for that month. Refer to the Bank’s website for other account details and requirements, as the same may be amended from time to time, in the Bank's sole and absolute discretion.
Minimum Balance Requirements. There is no minimum balance requirement to open this account or to earn dividends. If, at any point during the month, your checking account balance falls below the required $500.00 minimum balance, you will be subject to a minimum balance fee. Accrual of Dividends on Noncash Deposits: Dividends will begin to accrue on the business day you deposit noncash items (e.g. checks) to your account. Transaction Limitations: No transaction limitations apply to this account, unless otherwise stated in your account agreement or other agreement with MSUFCU. Fees: Please see the Fee Schedule for current fees that may apply to this account. No-Dividend Checking Rate Information: This is a noninterest-bearing and nondividend-bearing account. Minimum Balance Requirements: There is no minimum balance requirement to open this account. If, at any point during the month, your checking account balance falls below the required $500.00 minimum balance, you will be subject to a minimum balance fee. Transaction Limitations: No transaction limitations apply to this account, unless otherwise stated in your account agreement or other agreement with MSUFCU.
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 each day to obtain the disclosed annual percentage yield. Transaction Limitations: 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 check, draft, debit card, or similar order to a third party. If you exceed the transfer limitations, your account will be subject to closure or a fee. There is a minimum deposit amount of $100.00 for deposits made to this account via payroll deduction. Fees: Please see the Fee Schedule for current fees that may apply to this account. INDIVIDUAL RETIREMENT ACCOUNTS (IRAs) XXX CERTIFICATE ACCOUNTS CERTIFICATE ACCOUNTS HEALTH SAVINGS ACCOUNTS MSUFCU offers its members a broad array of Certificate accounts, IRAs, and HSAs. Disclosures of terms and conditions for these accounts are provided to members separately. If you are interested in one or more of these accounts, please contact MSUFCU at 0000 Xxxx Xxxx, XX Xxx 0000, Xxxx Xxxxxxx, XX 00000-0000; by calling 000-000-0000 or 000-000-0000; or online at xxx.xxxxxx.xxx.
Minimum Balance Requirements. The minimum required to open this account is the purchase of a share in the credit union. Please see the bylaw requirements in the Common Features section for additional information. You must maintain a minimum daily balance of $25 in your account each day to obtain the disclosed annual percentage yield. 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 Non-cash Deposits: Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account. Transaction Limitations: 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 or automatic transfer, telephonic order or instruction, or similar 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. Share Draft (Checking) Account Rate Information: There are no dividends paid on this account. Minimum Balance Requirements: Other than the $25 par value requirement for membership, there is no minimum balance required to open or maintain this account. Transaction Limitations: No transaction limitations apply to this account unless otherwise stated in the Common Features section. Money Market Deposit Account Rate Information: The interest rate and annual percentage yield may change at any time, as determined by the credit union Board of Directors. Compounding and Crediting: Interest will be compounded and credited monthly to your account. Effect of Closing an Account: If you close your deposit account before interest is paid, you will not receive the accrued interest.