| Certificates
of Deposit |
| |
Minimum Deposit |
Dividend Rate |
APY |
| Current Special 7 Month |
$5,000 |
1.25% |
1.25% |
| Current Special 15 Month |
$5,000 |
1.70% |
1.70% |
| Current Special 15 Month |
$25,000 |
1.90% |
1.90% |
| Current Special 35 Month |
$5,000 |
2.40% |
2.40% |
| Current Special 35 Month |
$25,000 |
2.60% |
2.60% |
| We
also offer additional certificates with terms of 3 months
to 60 months. For current rates, contact a member service
representative at any of our offices.
Above rates valid for deposits of $250,000 or less. Please contact any of our offices for other rate quotes.
|
Your savings (non
retirement funds) are federally insured up to at least $250,000 by the full faith and credit of the United States Government.
|
Individual Retirement
Accounts |
|
|
Dividend
Rate
|
APY
|
Minimum
Deposit
|
Minimum
Average Daily Balance to Earn
|
|
IRA Variable Savings |
.50%
|
.51%
|
$25
|
$100
|
|
IRA Certificates of Deposit |
|
|
12 month |
1.50% |
1.50% |
$500 |
– |
|
18 month |
2.00% |
2.00% |
$500 |
– |
|
24
month |
2.30% |
2.30% |
$500 |
– |
|
36
month |
2.50% |
2.50% |
$500 |
– |
|
48
month |
2.80% |
2.80% |
$500 |
– |
60
month |
3.00% |
3.00% |
$500 |
– |
| Above rates valid for deposits of $100,000 or less. Please contact any of our offices for other rate quotes. |
Individual
Retirement Accounts (IRAs) only are insured up to $250,000 by NCUA
an agency of the Federal Government. IRAs are insured separately
from non retirement funds.
Certificate
of Deposit and IRA discloures:
(1)
The divided rate on your certificate is __% with an annual percentage
yield of __%. You will be paid this rate until first maturity.
(2) Unless otherwise paid, dividendly will be compounded ______.
(3) Ddividends will be credited to your account at maturity on certificates. Alternatively, you may choose to have dividends paid
to you or to another account every ________ rather than credited
to this account.
(4) You must maintain the minimum balance stated above in your
account each day to obtain the disclosed annual percentage yield.
(5) Dividends are calculated by the daily balance method which applies
a daily periodic rate to the balance in the account each day.
(6) Dividends will begin to accrue on the business day you place
noncash items (i.e., checks) to your account.
(7) After the account is opened, you may not make additions into
the account until the maturity date stated on the account. You
may make withdrawals of principal from your account before maturity
only if we agree at the time you request the withdrawal. Principal
withdrawn before maturity is included in the amount subject to
early withdrawal penalty. You can only withdraw interest before
maturity if you make arrangements with us for periodic payments
of dividends in lieu of crediting.
(8) Early Withdrawal Penalties (A penalty may be imposed for withdrawals before maturity) -
- If your account has an original maturity of one year or less:
The penalty we may impose will be the greater of:
- seven days dividends on the amount withdrawn, or
- all dividends that have been earned not to exceed three months
- If your account has an original maturity of more than one year:
The penalty we may impose will be the greater of:
- seven days dividends on the amount withdrawn, or
- all dividends that have been earned not to exceed six months
In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deffered savings plan.
For any account which earns a dividend rate that may vary from time to time during the term, the dividend rate we will use to calculate this early withdrawal penalty will be the dividend rate in effect at the time of the withdrawal.
(9) The annual percentage yield is based on an assumption that
interest will remain in the account until maturity. A withdrawal
will reduce earnings.
(10) IRA Certificates will automatically renew at maturity.
You may prevent renewal if you withdraw the funds in the account
at maturity (or within the grace period mentioned below, if any)
or we receive written notice from you within the grace period
mentioned below, if any. We can prevent renewal if we mail notice
to you at least 30 calendar days before maturity. If either you
or we prevent renewal, dividends will not accrue after final maturity.
Each renewal term will be the same as the original term, beginning
on the maturity date. The dividend rate will be the same we offer
on new term certificates on the maturity date which have the same
term, minimum balance (if any) and other features as the original
term share account. You will have a grace period of ten calendar
days after maturity to withdraw the funds without being charged
an early withdrawal penalty.
(11) Special Certificates will not automatically renew at
maturity. If you do not renew the account, dividends will not accrue
after maturity.
|
