Checking Account Rates

Description	Dividend	APY*
Free Checking	0.05%	0.05%

• Rate Information - The Dividend Rate and Annual Percentage Yield on your accounts are set forth above. The Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union. Money Market accounts are tiered rate accounts with the Dividend Rate based on the balance ranges set forth in this Rate Schedule. Once a balance range is met, the Dividend Rate for that balance range will apply to the entire average daily account balance.
  
• Nature of Dividends - Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. The Dividend Rate and Annual Percentage Yield set forth in this schedule are the prospective rates that the Credit Union anticipates paying for the applicable dividend period.
  
• Compounding and Crediting - Dividends will be compounded and credited quarterly on Checking accounts.
  
• Accrual of Dividends/Interest - Dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. If the account is closed before accrued dividends are credited then accrued dividends will not be paid. For all accounts, dividends are calculated by the average daily balance method. For dividend bearing accounts, the Dividend Period begins on the first calendar day of the dividend period and ends on the last calendar day of the dividend period. Dividends are calculated by applying a periodic rate to the average daily balance in the account for the Dividend Period. The average daily balance is calculated by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period.
  
• Balance Information - There is no minimum balance requirement for the Free Checking Account.
  
• Free Bill Payer is a benefit for active Bill Payer users - After one-hundred and eighty (180) days of no Bill Payer activity your Bill Payer account will be deactivated.
  
• Free Checks - Free Checking offers one (1) box of free checks per calendar month. The check style must be the default design. Member would be responsible for any special shipping costs or variation from the standard default check style design.
• Check Clearing - Checks will be cleared from the lowest transaction amount to the highest transaction amount; allowing for the maximum number of checks to clear in the event of insufficient funds.

For questions regarding account terms and conditions, please contact us.