|
Savings
Programs |
| |
Dividend
Rate |
APY(1)
|
Minimum
Balance to Open |
Minimum
Average Daily Balance to Earn |
| Basic
Share Account |
.75% |
.76%
|
$25
|
$100
|
Kirby
Kangaroo Club |
.75%
|
.76%
|
$25
|
$100
|
| Must
have Basic Share Account with minimum balance of $25 to open
the following secondary accounts. |
| Christmas
Club |
.75% |
.76%
|
None(9)
|
$1
|
| Vacation
Club |
.75% |
.76%
|
None(9)
|
$1
|
| Money
Market Savings |
1.25% |
1.26%
|
$2500
- $9,990(8) |
$2500
|
| |
2.25% |
2.27% |
$10,000 - $24,999 |
|
| |
2.50% |
2.53% |
$25,000 - $49,999 |
|
| |
3.00% |
3.04% |
$50,000 - $99,999 |
|
| |
3.25% |
3.30% |
$100,000+ |
|
All
deposits insured to $100,000 by NCUA an agency of the Federal
Government.
Disclosures:
(1)
Dividend rate and annual percentage yield (APY) may change at any
time, as determined by the credit union board of directors.
(2) Dividends will be compounded every month. Dividends
will be credited to your account monthly.
(3) Dividend period is monthly. For example, the beginning
date of the first dividend period of the calendar year is January
1, and the ending date of such dividend period is January 31. All
other dividend periods follow this same pattern of dates. The dividend
declaration date follows the ending date of a dividend period, and
for the example above is February 1. If you close your share account
before dividends are paid, you will not receive the accrued dividends.
(4) Dividends are calculated by the average daily balance
method that applies a periodic rate to the average daily balance
in the account for the period. The average daily balance is calculated
by adding the balance in the account for each day of the period
and dividing that figure by the number of days in the period. The
period we use is the monthly statement cycle.
(5) Dividends will begin to accrue on the business day you
place non-cash items (i.e., checks) to your account.
(6) During any statement period, 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 pre-authorized or automatic
transfer or telephone order or instruction. No more than three
of the six transfers may be made by check, draft, debit card, or
similar order to a third party. If you exceed the transfer limitations
in any statement period, your account will be subject to closure
by the credit union.
(7) Par value of a share is $25.00.
Additional
Money Market Disclosures:
(8) The minimum deposit we allow is $100.00 per deposit.
The minimum amount you may withdraw is $500.00 per withdrawal.
Additional
Christmas Club and Vacation Club Disclosures:
(9) Withdrawals are permitted without penalty within the
first seven days after the account is opened. You may not make
any withdrawals or transfers to another credit union account of
yours or to a third party by means of a pre-authorized or automatic
transfer, telephone order or instruction or similar order to a third
party. If any withdrawal is made from this account before the end
of the club year, then the account may be closed and a fee will
be charged. |
