All Accounts. You must have a share savings account with a balance of at least $1 before you can open any other type of account. Rate Information: The dividend rate and the annual percentage yield on all of our accounts are disclosed on the Schedule of Rates, Balances, and Fees. 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 the annual percentage yield on any account type or new certificate may change monthly as determined by the credit union’s Board of Directors. For certificates, the rate is determined by length of the certificate and the initial rate is applied throughout the entire dividend period. Fees and charges: Fees and charges may be assessed against your account as set forth by federal law. These fees and charges are set forth on the Schedule of Rates, Balances, and Fees.
Appears in 4 contracts
Sources: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement