|Regular Checking||INTEREST CHECKING|
|Minimum Opening Balance||$0.00||$0.00|
|Monthly Checking Fee1||$2.50||$2.50|
|Minimum Balance to Avoid a $5 Monthly Service Fee||$0.00||$200.00|
|Minimum Balance to Earn the Stated APY2||N/A||$0.01 - $2,499.99 |
$2,500.00 and over
|Balance Computation Method||N/A||Average Daily Balance|
|Earns Dividend or Interest (Earnings)||None||Dividend|
|Rates & APYs||N/A||Rates|
|Frequency of Compounding||N/A||Monthly|
|Frequency of Crediting||N/A||Monthly|
1Monthly Checking Fee waived for Select, Premium and Youth memberships. Read more about membership levels.
2APY = Annual Percentage Yield
Rate Information: The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends or earnings to be paid on an account based on the rate and frequency of compounding for an annual period. For Interest Checking, the dividend rate and APY may change monthly as determined by the Credit Union's Board of Directors.
Nature of Dividends: Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.
Compounding and Crediting: The compounding and crediting of dividends to each account type are set forth in this schedule. The dividend period is the period at the end of which an account earns dividend credit. Generally, the period begins on the first calendar day of each month and ends on the last calendar day of the same month.
Accrual: For Interest Checking, dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. If you close your account before accrued earnings are credited, accrued earnings will not be paid.
Balance Information: The minimum balance requirements applicable to each account type are set forth in this schedule. For Interest Checking accounts, there is an average daily balance required to avoid a monthly service fee for the dividend period. If the average daily balance is not met, there will be a service fee as set forth in the Fee Schedule. For Interest Checking accounts there is also a minimum average daily balance required to obtain the APY for the dividend period. If the minimum average daily balance is not met, you will not earn the stated APY.