Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances:
Exceptions to Early Withdrawal Penalties. At our option, we may redeem the account before maturity without imposing an early withdrawal penalty under the following circumstances:
i) When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.
ii) Within seven (7) calendar days of the account’s establishment.
Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances:
(i) When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.
(ii) Where the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after the establishment of the account; or where the account is a Xxxxx Plan (Xxxxx), provided that the depositor forfeits an amount at least equal to the simple dividends earned in the amount withdrawn; or where the account is an IRA or Xxxxx and the owner attains age 59½ or becomes disabled.
Exceptions to Early Withdrawal Penalties. An STC may be cancelled without penalty during the grace period, which is the seven calendar days following an automatic renewal. If you choose to cancel the STC during the grace period, the STC will earn interest for the days from the renewal until the cancellation at the share account rate. You can make one partial deposit to or withdrawal from an STC during the seven-day grace period without penalty. THIS DISCLOSURE DESCRIBES YOUR ABILITY TO WITHDRAW FUNDS AT THE CREDIT UNION. YOU SHOULD ALSO REFER TO THE SECTION OF THESE AGREEMENTS AND DISCLOSURES THAT DESCRIBES THE DETAILS OF YOUR SPECIFIC ACCOUNT TYPE FOR ADDITIONAL INFORMATION.
1. GENERAL POLICY. Our general policy is to make funds from your cash deposits available to you on the same business day we receive your deposit. Funds from checks deposited to a CashPoints ATM are generally made available to you on the first business day after the day of your deposit. Electronic direct deposits will be available on the effective date or the day we receive the deposit, whichever is later. Once they are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays and days we are closed for observance of holidays. If you make a deposit on a business day we are open at one of our branches or at a CashPoints ATM before 5:30 p.m., we will consider that day to be the day of your deposit. However, if you make a deposit at one of our branches or at a CashPoints ATM after 5:30 p.m., or on a day we are not open, we will consider the deposit made on the next business day we are open.
Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: When an account owner dies. Your account is an automatically renewable account if indicated above. Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure an obligation of any owner, except obligations with UCU. The Dividend Rate and Annual Percentage Yield on our Savings Certificate or IRA Certificate accounts are the rate and yield that were offered within the most recent seven calendar days and are accurate as of the date indicated above. Please call 000-000-0000 to obtain current information. The rates and yields appearing on the dividend schedule are accurate and effective for accounts as of the date indicated. If you have any questions or require current rate information on your account, please call UCU. Dividend Rate APY** ATM Fee Refunds*** Dividend Rate APY** ATM Fee Refunds*** If qualifications are not met* All balances 0.05% 0.05% None All balances 0.05% 0.05% None If qualifications are met* (with your Kasasa Cash account) Have at least 12 point-of-sale transactions post and clear Receive and review your monthly statement electronically Have at least 1 ACH transaction or 1 direct deposit post and clear Access Home Banking at least once Portion up to $10,000 1.49% 1.50% Up to $25 Portion up to $15,000 0.750% 0.75% None Portion over $10,000 0.15% 0.15% Portion over $15,000 0.15% 0.15% None Your rewards All rewards from Kasasa Cash are transferred into Kasasa Saver after your monthly qualification cycle. No monthly maintenance fee and no minimum balance requirement to earn rewards. Available on personal accounts, used for personal, family or household purposes only. Limit one Kasasa checking account per prime member and per primary account. When the Kasasa Cash qualifications are met, the interest rate on your account and corresponding annual percentage yield will be tiered. If your average daily balance in your Kasasa Cash account is $10,000.00 or less, the interest rate paid on the entire balance will be 1.49% with an annual percentage yield of 1.50%. An interest rate of 0.15% with an annual percentage yield of 0.15% will be paid only for that portion of your average daily balance that is greater than $10,000.00. If your average daily balance in your Kasasa Saver account is $15,000.00 or less, the interest rate paid on the entire balance will be 0.750% with ...
Exceptions to Early Withdrawal Penalties. At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: 1) when an owner on an account dies or is determined legally incompetent by a court or other body of competent jurisdiction; 2) Where the ac- count is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after establishment; or 3) where the ac- count is an IRA and the owner attains age 591/2 or becomes disa- bled and begins making periodic withdrawals.
Exceptions to Early Withdrawal Penalties. At our op- tion, we may pay the account before maturity without imposing an early withdrawal penalty under the following circumstances: when an account owner dies or is determined legally incompe- tent by a court or other body of competent jurisdiction.
Exceptions to Early Withdrawal Penalties. At our option, we may allow an early withdrawal before maturity without imposing an early withdrawal penalty as follows: For IRA Share Certificates opened under a Traditional IRA Plan—the early withdrawal penalty is waived for partial withdrawals made after the age of 70 1/2 to permit the Required Minimum Distributions for a Traditional IRA. Any withdrawals, partial or full, made prior to attaining the age of 70 1/2 are subject to the early withdrawal penalties explained above. NON-TRANSFERABLE/NON-NEGOTIABLE Your Certificate is non-transferable and non-negotiable. The funds in your Certificate may not be pledged to secure any obligation of an account owner, except obligations with the Credit Union. IRA Share Certificates may not be pledged as collateral to secure a loan. Funds may be deposited to any account in any manner approved by the Credit Union in accordance with the requirements set forth in this or other service agreements. All accounts are non-assignable and non-negotiable to third parties.
Exceptions to Early Withdrawal Penalties. At our option, we may pay the share certificate before maturity without imposing an early withdrawal penalty under the following circumstances:
Exceptions to Early Withdrawal Penalties. If an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction, we may, at our option, pay the account before maturity without imposing an early withdrawal penalty. Renewal Policy. You may renew, transfer, or close your account at maturity. You will be asked to instruct the Credit Union by mail or in person of which option you choose. You will be notified in writing at least ten (10) days before the maturity date of your account. If you do not respond prior to the maturity of your account, the account balance will be transferred to your regular share account upon maturity. The transferred funds will then earn dividends at the variable rate applicable to that account. Nontransferable/Nonnegotiable. Your account is nontransferable and nonnegotiable. THIS DISCLOSURE DESCRIBES YOUR ABILITY TO WITHDRAW FUNDS AT THE CREDIT UNION. YOU SHOULD ALSO REFER TO THE SECTION OF THESE AGREEMENTS AND DISCLOSURES THAT DESCRIBES THE DETAILS OF YOUR SPECIFIC ACCOUNT TYPE FOR ADDITIONAL INFORMATION. General Policy. Our policy is to make funds from your cash and check deposits available to you on the next business day after we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once they are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written. For determining the availability of
