Truth in Savings Disclosures. This is not an interest-bearing account. No interest will be paid. • Minimum Balance Requirements. There is no initial deposit required to open an Account. You may deposit any amount you wish when opening the Account. • Transaction Limitations. Minimum and maximum withdrawal limitations apply. See the sub-section above captioned “Cash Access and Transaction Limitations.” for full information about these limits.
Truth in Savings Disclosures. 1. Opening Deposit and Balance Requirements There is no minimum deposit requirement to open a Savings Account. While there are no minimum or maximum balance requirements, a Savings Account with a zero balance for nine (9) continuous months will be subject to closure. See the paragraph labeled “6. Amendment and Cancellation” in Section D below for additional details.
Truth in Savings Disclosures this Account. Initial Deposit and Balance There is no initial deposit or minimum balance required to open Interest Rate 0.010% Annual Percentage Yield 0.01% Fees to Bank There are no fees charged by us and applicable for this Account. You may be responsible for paying fees to the Platform.
Truth in Savings Disclosures. 1. Opening Deposit and Balance Requirements There is no minimum deposit requirement to open a Varo Savings Account. While there are no minimum or maximum balance requirements to open the account, a Varo Savings Account with a zero balance for nine (9) continuous months will be subject to closure. See Section D.7, titled “Amendment and Cancellation” for additional details.
Truth in Savings Disclosures. 1. Fees There are no fees charged on the Savings Account.
Truth in Savings Disclosures. This is not an interest-bearing account. No interest will be paid.
Truth in Savings Disclosures. Rate Information: All dividend-bearing accounts are variable rate, except fixed-rate certificate accounts. The Dividend Rate and Annual Percentage Yield (APY) may change at any time as determined by the Credit Union’s Board of Directors. The Dividend Rate and APY for certificate accounts will be paid until the first maturity date. Refer to the Savings Addendum for current rates applicable to all accounts. Accrual of Dividends: All items deposited will begin accruing dividends as of the business day of the deposit. For deposits such as non-cash, electronic and ACH, dividends will begin to accrue as of the business day that the Credit Union receives the credit for the deposit of the non-cash item. Please refer to “Determining the Availability of A Deposit” in the Funds Availability Policy for how a business day is defined. For specific dividend information, please refer to the chart that follows. Accounts closed before dividends are credited will receive accrued dividends. For certificate accounts closed prior to maturity, accrued dividends, if applicable, are credited prior to penalties being applied.
Truth in Savings Disclosures. This is not an interest-bearing account. No interest will be paid. Minimum Balance Requirements: There is no initial deposit required to open a Varo Bank Account. You may deposit any amount you wish when opening the Varo Bank Account. Transaction Limitations: Minimum and maximum withdrawal limitations apply. See Section I, sub-section D, paragraph captioned "6. Cash Access and Card Transaction Limitations" for full information regarding these limits.
Truth in Savings Disclosures. To obtain current rate and Annual Percentage Yield information, please call us at 1‐86‐NETSPEND/1‐ 866‐387‐7363. We reserve the right to require at any time not less than seven (7) days notice in writing before any withdrawal from your Savings Account. For purposes of this Truth‐in‐Savings Disclosure, the term "Period" refers to a calendar quarter. Rate Information Variable Rate: Interest Rate – Tiered Variable Rate If your average daily balance is $1,000.00 or less, the interest rate paid on the entire balance will be 4.91% with an Annual Percentage Yield of 5.00%. An interest rate of 0.49% will be paid only for that portion of your average daily balance that is greater than $1,000.00. The Annual Percentage Yield for this tier will range from 5.00% to 0.54%, depending on the balance in the Savings Account. Determination of Rate We may change the Annual Percentage Yield and corresponding interest rate at our discretion. The rate is not tied to an index. Frequency of Rate Changes We may change the interest rate on your Savings Account at any time.
Truth in Savings Disclosures. Interest Rates and Annual Percentage Yields (APYs) The interest rates (at which interest is paid on the principal balance) and the annual percentage yields (at which an account would earn interest over its term or, if no fixed term is applicable to the account, over a one-year (1-year) period if the stated interest rate remained in effect and all interest paid on the account was left in the account) are shown on a separate document that we have provided to you. Rates for other types of accounts are available on request. Interest rates and annual percentage yields may change at any time at the discretion of the Bank, except the rates for Fixed Rate Certificates of Deposit, which are fixed for the term of the deposit on the date of deposit. There are no limitations on the amount by which the Bank may change the rate on any account. When Interest Begins to Accrue Generally, we begin to accrue interest on all noncash deposits (such as checks) on the day we receive credit for the deposit. On Certificates of Deposit, however, we begin to accrue interest on the day of deposit. The “day of deposit” is determined as described in the Funds Availability Policy in Part IV of this brochure. Compounding and Crediting Interest Interest is credited (posted) and compounded (added to the principal balance on which interest is paid) monthly on all interest-bearing accounts other than Certificates of Deposit with a term of less than one (1) year. On these short-term certificates, interest is credited at maturity and not compounded. If you close an account before the day interest is credited, the accrued interest will not be posted to the account or paid. Minimum Deposit and Balance Requirements There are three (3) minimums that are important for each type of account: • The minimum deposit required to open the account • The minimum balance required to earn interest at the stated annual percentage yield • The minimum balance required in order for the Bank to waive the monthly maintenance fee, if any are applicable to the account You must maintain a minimum daily balance of $10 in an interest-bearing account to earn interest on that account. On tiered-rate accounts, the rate at which we pay interest (and, therefore, the APY) changes based on the balance of the account. The minimum balance required to qualify for each tier is disclosed on the Consumer Deposit Rate Sheet. Rates may be obtained online at xxx.xxxxxxxxxxx.xxx or at any one of our branch locations. The minimum balance...
