|Money Market||High Yield Investment||High Yield Accumulation||Certificate of Deposit (CD)1|
|Minimum Opening Balance||$2,500.00||$10,000.00||$0.00||$500.00 ($50,000 for a Jumbo CD)|
|Minimum Balance to Avoid a $5 Monthly Service Fee||$0.00||$0.00||$0.00||$0.00|
|Minimum Balance to Earn the Stated APY2||$2,500.00||$2,500.00||$0.01||$500.00 ($50,000 for a Jumbo CD)|
|Balance Computation Method||Daily Balance||Daily Balance||Daily Balance||Daily Balance|
|Account Limitations||Yes - see below||Yes - see below||Yes - see below||Yes - see below1|
|Earns Dividend or Interest (Earnings)||Interest||Interest||Interest||Interest|
|Rates & APYs||Rates||Rates||Rates||Rates|
|Frequency of Compounding||Monthly||Monthly||Monthly||Monthly|
|Frequency of Crediting||Monthly||Monthly||Monthly||Monthly|
1See Truth-In-Savings Account Disclosure - Certificates of Deposit applicable to Certificate of Deposit accounts. The disclosures below refer only to Money Market, High Yield Investment and High Yield Accumulation accounts unless indicated otherwise.
2 APY = Annual Percentage Yield
Rate Information: The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of interest or earnings to be paid on an account based on the rate and frequency of compounding for an annual period. The interest rate and APY may change at any time as determined by credit union management.
Compounding and Crediting: The compounding and crediting of interest to each account type are set forth in this schedule. The interest period is the period at the end of which an account earns interest 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: Interest 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. The accounts use a daily balance method; interest is calculated by applying a daily periodic rate to the principal in the account each day.
Account Limitations: For Money Market accounts, no more than six (6) pre-authorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party in any month. If you exceed these limitations, your account may be subject to a fee or be closed. For High Yield Investment accounts, there can be only one (1) free withdrawal per month. Subsequent withdrawals are subject to a $25 fee. For High Yield Accumulation accounts, deposits must be made through ongoing, recurring automatic transfer only ($10 minimum/$500 maximum monthly). No partial balance withdrawals allowed. $25 fee if closed in the first twenty-four (24) months.