Common use of How Withdrawals Affect Dividends Clause in Contracts

How Withdrawals Affect Dividends. Even though we don't credit your dividends to your account until the date specified above, we calculate them on a daily basis. Therefore, if you make a withdrawal, you won't receive any further dividends on the withdrawn amount from the day you make the withdrawal until the day that dividends are credited. Funds Availability. Funds from deposits you make into your Savings Account may not always be immediately available for withdrawal. You will be informed of availability at the time of deposit. Our general policy is to delay the availability of your check deposits until the fifth (5th) business day after the business day of your deposit. Transaction Limitations. During any statement period, you may not make more than six withdrawals or transfers to another Credit Union account or yours or to a third party by means of a preauthorized transaction or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card, if applicable, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to a fee as set forth in our Fee Schedule. In addition, we reserve the right to close your account for excessive violations of the transaction limitations on the account. My Future Savings Accounts (This account is for Members under the age of 18) Deposits. You can make deposits in person or by mail. You can arrange to have deposits made directly to your My Future Savings Account by participating payers. If you have applied for and been given access to our Telephone Banking service or our Home Banking service, you can also transfer funds from one account to another. Deposits may also be made at a night depository at those Credit Union locations that have a night depository. Funds deposited to a night depository are considered deposited on the day on which the deposit is removed from such facility and is available for processing. The Credit Union is not responsible for deposits placed in the night depository until the depository is opened, and deposits are subject to count and verification by the Credit Union. If you are depositing coins into your My Future Savings Account, there will be no fee for your use of the coin machines located at any Credit Union branch location. Minimum Balance: The is a $100.00 minimum deposit required to open a My Future Savings Account, and you must maintain a basic membership share of $5.00 on deposit in your Membership Share Savings Account to retain a My Future Savings Account. Withdrawing Money from Your My Future Savings Accounts. As long as you have available funds in your account, and subject to any applicable state or federal laws and regulations the transaction limitations in this Agreement, including the Truth in Savings Disclosure and the Credit Union’s Bylaws, money can be withdrawn from your account by any method approved by the Credit Union. Withdrawals made prior to age 18 are subject to fees as provided in our Fee Schedule. Rate and Annual Percentage Yield ("APY"). Your My Future Savings Account will earn what are known as dividends. Dividends are like interest, except that the rate of dividends is set by the Credit Union's Board of Directors (the "Board") from time to time, and dividends are not guaranteed. The Credit Union estimates a prospective dividend rate and corresponding annual percentage yield (APY) on your My Future Savings Accounts for each dividend period. The dividend rate and APY may change every calendar quarter as determined by the Credit Union. This is a variable rate account. The Credit Union’s current dividend rates will be available each business day at our office. The words "dividend" (or “dividends”) and "interest" may be used interchangeably in this Agreement. Refer to our current Rate Schedule for our current dividend rates applicable to your My Future Savings Account. Daily balance computation method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Compounding. We compound your dividends, even though that isn't required by law. Compounding is more favorable to you, because once dividends have been earned by your account they are added to the balance on which you will earn future dividends. Because we compound dividends, the Annual Percentage Yield (APY) on your account will be somewhat higher than the dividend rate, although for lower rates, the percentage figures shown on your disclosures and statements may be the same due to rounding. The Annual Percentage Yield (APY) will be posted along with the dividend rate. For this account type, the dividend period is the calendar quarter. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. Dividends will be compounded quarterly. The prospective dividend rate for each quarter will be determined in the last month of the previous quarter. The dividend declaration date follows the ending date of a dividend period, and for the example above is April 1.

How Withdrawals Affect Dividends. Even though we don't credit your dividends to your account until the date specified above, we calculate them on a daily basis. Therefore, if you make a withdrawal, you won't receive any further dividends on the withdrawn amount from the day you make the withdrawal until the day that dividends are credited. Funds Availability. Funds from deposits you make into your Savings Account may not always be immediately available for withdrawal. You Accrual of dividends on noncash deposits: Dividends will be informed of availability at the time of deposit. Our general policy is begin to delay the availability of your check deposits until the fifth (5th) business day after accrue on the business day of you place noncash items (for example, checks) to your depositaccount. Transaction Limitationslimitations: IRS contribution limitations apply. During any statement period, You may make a withdrawal subject to possible penalties imposed by the Internal Revenue Service. We advise you to consult with your tax advisor prior to making a withdrawal. We reserve the right to require written notice before we allow you to withdraw from your account. You may not make more than six any withdrawals or transfers to another Credit Union account or of yours or to a third party by means of a preauthorized transaction or automatic transfer, telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card, if applicable, or similar order to a third party. If you exceed Relation to Other Agreements: The terms of this disclosure are intended to work in conjunction with the transfer limitations set forth above in any statement periodIndividual Retirement Custodial Account Agreement or Xxxx Individual Retirement Custodial Account Agreement, your account will be subject to a fee as set forth in our Fee Scheduleapplicable (the “XXX Account Agreement)”. In additionthe event of a conflict, we reserve the right to close your account for excessive violations terms of the transaction limitations XXX Account Agreement will control. Xxxxxxxxx ESA Accounts Establishing Account and Rate. A Xxxxxxxxx Educational Savings Account may be established by a member completing a separate Xxxxxxxxx application form. These accounts are a special type of savings accounts and may provide tax benefits to the account owner. Only the individual designated as the Member on the accountApplication and Agreement may be an owner of a Xxxxxxxxx Educational Savings Account. My Future Savings Accounts (This account is for Members under the age of 18) Deposits. You can make deposits in person or by mail. You can arrange to Account cannot have deposits made directly to your My Future Savings Account by participating payers. If you have applied for and been given access to our Telephone Banking service or our Home Banking service, you can also transfer funds from one account to another. Deposits may also be made at a night depository at those Credit Union locations that have a night depository. Funds deposited to a night depository are considered deposited on the day on which the deposit is removed from such facility and is available for processingjoint owners. The Credit Union is not responsible dividend rate and Annual Percentage Yield for deposits placed in the night depository until the depository is opened, your XXX are variable and deposits are subject to count change quarterly. Refer to the Rate Schedule for current dividend rates and verification by the Credit UnionAPY. If you are depositing coins into your My Future Savings Account, there will be no fee You may also call toll free 0-000-XXXX-XXX or local 0-000-000-0000 for your use of the coin machines located at any Credit Union branch locationrate information. Minimum Balance: The Balance Requirements; Deposits. There is a $100.00 no minimum deposit required to open a My Future Xxxxxxxxx Educational Savings Account. After you have established your Xxxxxxxxx Educational Savings Account, and you must maintain a basic membership share of $5.00 on deposit may make additional deposits into that account at any time. We may establish minimum amounts for deposits in your Membership Share Savings Account these Accounts from time to retain a My Future Savings Accounttime. Deposits are also subject to federal law limitations. Withdrawing Money from Your My Future Xxxxxxxxx Educational Savings AccountsAccount. As long as you have available funds money in your account, and subject to any applicable state or federal laws and regulations regulations, the transaction limitations in this Agreement, including the Truth in Savings Disclosure Disclosure, and the Credit Union’s Bylaws, money can be withdrawn from your account by any method approved by the Credit Union. Currently the only approved methods are an in-office transaction or a written request (such as by mail) meeting the Credit Union’s requirements. Withdrawals made prior from this account will reduce earnings. If you seek to age 18 are subject make a withdrawal that will reduce your account balance below $50.00, we require you to fees as provided withdraw the full amount in our Fee Schedulethe account and close it. Rate and Annual Percentage Yield ("APY"). Your My Future Savings Account will earn what are known as dividends. Dividends are like interest, except that the rate of dividends is set at rates established by the Credit Union's Board of Directors (the "Board") from time to time, and dividends are not guaranteed. The Credit Union estimates a prospective reviews the dividend rate and corresponding annual percentage yield (APY) APY it pays on your My Future Xxxxxxxxx Educational Savings Accounts for Account each dividend period. Refer to the Rate Schedule for our current rates. The dividend rate and APY may change every calendar quarter as determined by the Credit Union. This is a variable rate account. The Credit Union’s current dividend rates will be available each business day at our office. The words "dividend" (or “dividends”) and "interest" may be used interchangeably in this Agreement. Refer to our current Rate Schedule for our current dividend rates applicable to your My Future Savings Account. Daily balance computation method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. CompoundingCompounding Dividends. We compound your dividends, even though that isn't required by law. Compounding is more favorable to you, because once dividends have been earned by credited to your account they are added to the balance on which you will earn future dividends. Because we compound dividends, the Annual Percentage Yield (APY) APY on your account will be somewhat higher than the dividend rate, although for lower rates, the percentage figures shown on your disclosures and statements may be the same due to rounding. The Annual Percentage Yield (APY) will be posted along with the dividend rate. For this account type, the dividend period is the calendar quarter. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. Dividends will be compounded quarterly. The prospective dividend rate for each quarter dividend period will be determined in the last month of the previous quarter. The dividend declaration date follows the ending date of a dividend period. Crediting Dividends. Dividends will be credited quarterly. Dividends are not available to you until they have been credited to your account. Even though your account earns dividends every day, and for we don't actually credit them to your account until the example above last day of the applicable dividend period. Dividends that are credited to your account will be added directly into your account. If you close your account before dividends are paid, you will not receive any accrued but unpaid dividends. Minimum Balance to Earn Dividends. You earn dividends on your Xxxxxxxxx Educational Savings Account each day. There is April 1no minimum balance required to earn dividends. We reserve the right to adjust minimum balance to earn dividends requirements from time to time.

How Withdrawals Affect Dividends. Even though we don't credit your dividends to your account until the date specified above, we calculate them on a daily basis. Therefore, if you make a withdrawal, you won't receive any further dividends on the withdrawn amount from the day you make the withdrawal until the day that dividends are credited. Funds AvailabilityChecking Accounts Deposits. Funds from deposits A Checking Account is established by you make into designating the appropriate option on the Membership Application and Agreement or, if it is established after your Savings Account may not always be immediately available for withdrawalis opened, by completing an Application to Add Checking Account. You will be informed of availability at the time of deposit. Our general policy is to delay the availability of After you have established your check deposits until the fifth (5th) business day after the business day of your deposit. Transaction Limitations. During any statement periodChecking Account, you may not make more than six withdrawals or transfers to another Credit Union additional deposits into that account or yours or to a third party by means of a preauthorized transaction or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card, if applicable, or similar order to a third party. If you exceed the transfer limitations set forth above at any time and in any statement period, your account will be amount subject to the terms of this Agreement and any other additional disclosures we provide you. There is no minimum balance required to open a fee as set forth Checking Account, however you must maintain $5.00 on deposit in our Fee Schedule. In addition, we reserve the right your Savings Account to close your account for excessive violations of the transaction limitations on the account. My Future Savings Accounts (This account is for Members under the age of 18) Depositsretain a Checking Account. You can make deposits in person or by mail. You At the present time, you can arrange to have one or more of the following deposits made directly by the payer to your My Future Savings Account by participating payersChecking Account: (1) payroll deduction deposits, (2) net pay deposits, (3) Social Security deposits, (4) pension plan deposits, (5) stock dividends or (6) other miscellaneous deposits. If you have an automated teller machine (ATM) card, you may also make a deposit through automated teller machines equipped to accept deposits. If you have applied for and been given access to our Telephone Banking service or our Home Online or Mobile Banking service, you can also transfer funds from one account to another, provided you are an owner on every account involved in the transfer. Deposits may also be made at a night depository at those Credit Union locations that have a night depository. Funds deposited to a night depository are considered deposited on the day on which the deposit is removed from such facility and is available for processing. The Credit Union is not responsible for deposits placed in the night depository until the depository is opened, and deposits are subject to count and verification by the Credit Union. If you are depositing coins into your My Future Savings Account, there will be no fee for your use of the coin machines located at any Credit Union branch location. Minimum Balance: The is a $100.00 minimum deposit required to open a My Future Savings Account, and you must maintain a basic membership share of $5.00 on deposit in your Membership Share Savings Account to retain a My Future Savings Account. Withdrawing Money from Your My Future Savings Accounts. As long as you have available funds in your account, and subject to any applicable state or federal laws and regulations the transaction limitations in this Agreement, including the Truth in Savings Disclosure and the Credit Union’s Bylaws, money can be withdrawn from your account by any method approved by the Credit Union. Withdrawals made prior to age 18 are subject to fees as provided in our Fee Schedule. Rate and Annual Percentage Yield ("APY"). Your My Future Savings Account will earn what are known as dividends. Dividends are like interest, except that the rate of dividends is set by the Credit Union's Board of Directors (the "Board") from time to time, and dividends are not guaranteed. The Credit Union estimates a prospective dividend rate and corresponding annual percentage yield (APY) on your My Future Savings Accounts for each dividend period. The dividend rate and APY may change every calendar quarter as determined by the Credit Union. This is a variable rate account. The Credit Union’s current dividend rates will be available each business day at our office. The words "dividend" (or “dividends”) and "interest" may be used interchangeably in this Agreement. Refer to our current Rate Schedule for our current dividend rates applicable to your My Future Savings Account. Daily balance computation method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Compounding. We compound your dividends, even though that isn't required by law. Compounding is more favorable to you, because once dividends have been earned by your account they are added to the balance on which you will earn future dividends. Because we compound dividends, the Annual Percentage Yield (APY) on your account will be somewhat higher than the dividend rate, although for lower rates, the percentage figures shown on your disclosures and statements may be the same due to rounding. The Annual Percentage Yield (APY) will be posted along with the dividend rate. For this account type, the dividend period is the calendar quarter. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. Dividends will be compounded quarterly. The prospective dividend rate for each quarter will be determined in the last month of the previous quarter. The dividend declaration date follows the ending date of a dividend period, and for the example above is April 1.

How Withdrawals Affect Dividends. Even though we don't credit your dividends to your account until the date specified above, we calculate them on a daily basis. Therefore, if you make a withdrawal, you won't receive any further dividends on the withdrawn amount from the day you make the withdrawal until the day that dividends are credited. Funds Availability. Funds from deposits you make into your Savings Account may not always be immediately available for withdrawal. You Accrual of dividends on noncash deposits: Dividends will be informed of availability at the time of deposit. Our general policy is begin to delay the availability of your check deposits until the fifth (5th) business day after accrue on the business day of you place noncash items (for example, checks) to your depositaccount. Transaction Limitationslimitations: IRS contribution limitations apply. You may make a withdrawal subject to possible penalties imposed by the Internal Revenue Service. We advise you to consult with your tax advisor prior to making a withdrawal. We reserve the right to require written notice before we allow you to withdraw from your account. During any statement period, you may not make more than six withdrawals or transfers to another Credit Union account or yours or to a third party by means of a preauthorized transaction or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card, if applicable, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will may be subject to a fee as set forth in or be closed. Please refer to our Fee Schedule. Relation to Other Agreements: The terms of this disclosure are intended to work in conjunction with the Health Savings Account Application and the Health Savings Custodial Account Agreement provided to you (the “Health Savings Account Agreement)”. In additionthe event of a conflict, we reserve the right to close your account for excessive violations terms of the transaction limitations on the account. My Future Savings Accounts (This account is for Members under the age of 18) Deposits. You can make deposits in person or by mail. You can arrange to have deposits made directly to your My Future Health Savings Account by participating payers. If you have applied for and been given access to our Telephone Banking service or our Home Banking service, you can also transfer funds from one account to another. Deposits may also be made at a night depository at those Credit Union locations that have a night depository. Funds deposited to a night depository are considered deposited on the day on which the deposit is removed from such facility and is available for processing. The Credit Union is not responsible for deposits placed in the night depository until the depository is opened, and deposits are subject to count and verification by the Credit Union. If you are depositing coins into your My Future Savings Account, there Agreement will be no fee for your use of the coin machines located at any Credit Union branch location. Minimum Balance: The is a $100.00 minimum deposit required to open a My Future Savings Account, and you must maintain a basic membership share of $5.00 on deposit in your Membership Share Savings Account to retain a My Future Savings Account. Withdrawing Money from Your My Future Savings Accounts. As long as you have available funds in your account, and subject to any applicable state or federal laws and regulations the transaction limitations in this Agreement, including the Truth in Savings Disclosure and the Credit Union’s Bylaws, money can be withdrawn from your account by any method approved by the Credit Union. Withdrawals made prior to age 18 are subject to fees as provided in our Fee Schedule. Rate and Annual Percentage Yield ("APY"). Your My Future Savings Account will earn what are known as dividends. Dividends are like interest, except that the rate of dividends is set by the Credit Union's Board of Directors (the "Board") from time to time, and dividends are not guaranteed. The Credit Union estimates a prospective dividend rate and corresponding annual percentage yield (APY) on your My Future Savings Accounts for each dividend period. The dividend rate and APY may change every calendar quarter as determined by the Credit Union. This is a variable rate account. The Credit Union’s current dividend rates will be available each business day at our office. The words "dividend" (or “dividends”) and "interest" may be used interchangeably in this Agreement. Refer to our current Rate Schedule for our current dividend rates applicable to your My Future Savings Account. Daily balance computation method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Compounding. We compound your dividends, even though that isn't required by law. Compounding is more favorable to you, because once dividends have been earned by your account they are added to the balance on which you will earn future dividends. Because we compound dividends, the Annual Percentage Yield (APY) on your account will be somewhat higher than the dividend rate, although for lower rates, the percentage figures shown on your disclosures and statements may be the same due to rounding. The Annual Percentage Yield (APY) will be posted along with the dividend rate. For this account type, the dividend period is the calendar quarter. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. Dividends will be compounded quarterly. The prospective dividend rate for each quarter will be determined in the last month of the previous quarter. The dividend declaration date follows the ending date of a dividend period, and for the example above is April 1control.

How Withdrawals Affect Dividends. Even though we don't credit your dividends to your account until the date specified above, we calculate them on a daily basis. Therefore, if you make a withdrawal, you won't receive any further dividends on the withdrawn amount from the day you make the withdrawal until the day that dividends are credited. Funds Availability. Funds from deposits you make into your Savings Account may not always be immediately available for withdrawal. You will be informed of availability at the time of deposit. Our general policy is to delay the availability of your check deposits until the fifth (5th) business day after the business day of your deposit. Transaction Limitations. During any statement period, you may not make more than six withdrawals or transfers to another Credit Union account or yours or to a third party by means of a preauthorized transaction or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card, if applicable, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will may be subject to a fee as set forth in or be closed. Please refer to our Fee Schedule. In addition, we reserve the right to close your account for excessive violations of the transaction limitations on the account. My Future Non-Interest Bearing Savings Accounts (This account is Deposits. After you have established your Non-Interest Bearing Savings Account, you may make additional deposits into that account, or establish additional savings accounts and other types of accounts as described below, at any time and in any amount. We may establish minimum amounts for Members under the age of 18) Depositsdeposits in your Savings Accounts or other accounts. Your Non-Interest Bearing Savings Account and your other savings accounts will be referred to singularly in this Agreement as “Savings Account” and collectively as “Savings Accounts,” as applicable. You can make deposits in person or by mail. You At the present time, you can arrange to have one or more of the following deposits made directly by the payer to your My Future Savings Account by participating payersAccounts: (1) payroll deduction deposits, (2) net pay deposits, (3) Social Security deposits, (4) pension plan deposits, (5) stock dividends or (6) other miscellaneous deposits. If you have an automated teller machine (ATM) card, you may also make a deposit through automated teller machines equipped to accept deposits. If you have applied for and been given access to our Telephone Banking iTalk telephone banking service or our Home Online Banking or Mobile Banking service, you can also transfer funds from one account to another, provided you are an owner on every account involved in the transfer. Deposits may also be made at a night depository at those Credit Union locations that have a night depository. Funds deposited to a night depository are considered deposited on the day on which the deposit is removed from such facility and is available for processing. The Credit Union is not responsible for deposits placed in the night depository until the depository is opened, and deposits are subject to count and verification by the Credit Union. If you are depositing coins into your My Future Savings Account, there will be no fee for your use of the coin machines located at any Credit Union branch location. Minimum Balance: The is a $100.00 minimum deposit required to open a My Future Savings Account, and you must maintain a basic membership share of $5.00 on deposit in your Membership Share Savings Account to retain a My Future Savings Account. Withdrawing Money from Your My Future Savings Accounts. As long as you have available funds in your account, and subject to any applicable state or federal laws and regulations the transaction limitations in this Agreement, including the Truth in Savings Disclosure and the Credit Union’s Bylaws, money can be withdrawn from your account by any method approved by the Credit Union. Withdrawals made prior to age 18 are subject to fees as provided in our Fee Schedule. Rate and Annual Percentage Yield ("APY"). Your My Future Savings Account will earn what are known as dividends. Dividends are like interest, except that the rate of dividends is set by the Credit Union's Board of Directors (the "Board") from time to time, and dividends are not guaranteed. The Credit Union estimates a prospective dividend rate and corresponding annual percentage yield (APY) on your My Future Savings Accounts for each dividend period. The dividend rate and APY may change every calendar quarter as determined by the Credit Union. This is a variable rate account. The Credit Union’s current dividend rates will be available each business day at our office. The words "dividend" (or “dividends”) and "interest" may be used interchangeably in this Agreement. Refer to our current Rate Schedule for our current dividend rates applicable to your My Future Savings Account. Daily balance computation method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Compounding. We compound your dividends, even though that isn't required by law. Compounding is more favorable to you, because once dividends have been earned by your account they are added to the balance on which you will earn future dividends. Because we compound dividends, the Annual Percentage Yield (APY) on your account will be somewhat higher than the dividend rate, although for lower rates, the percentage figures shown on your disclosures and statements may be the same due to rounding. The Annual Percentage Yield (APY) will be posted along with the dividend rate. For this account type, the dividend period is the calendar quarter. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. Dividends will be compounded quarterly. The prospective dividend rate for each quarter will be determined in the last month of the previous quarter. The dividend declaration date follows the ending date of a dividend period, and for the example above is April 1.

How Withdrawals Affect Dividends. Even though we don't credit your dividends to your account until the date specified above, we calculate them on a daily basis. Therefore, if you make a withdrawal, you won't receive any further dividends on the withdrawn amount from the day you make the withdrawal until the day that dividends are credited. Funds Availability. Funds from deposits you make into your Savings Account may not always be immediately available for withdrawal. You will be informed of availability at the time of deposit. Our general policy is to delay the availability of your check deposits until the fifth (5th) business day after the business day of your deposit. Transaction Limitations. During any statement period, you may not make more than six withdrawals or transfers to another Credit Union account or yours or to a third party by means of a preauthorized transaction or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card, if applicable, or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will may be subject to a fee as set forth in or be closed. Please refer to our Fee Schedule. In addition, we reserve the right to close your account for excessive violations of the transaction limitations on the account. My Future Special Savings Accounts (This account is Deposits. After you have established your Primary Savings Account, you may make additional deposits into that account, or establish additional savings accounts and other types of accounts as described below, at any time and in any amount. We may establish minimum amounts for Members under the age of 18) Depositsdeposits in your Savings Accounts or other accounts. Your Primary Savings Account and your other savings accounts will be referred to singularly in this Agreement as “Savings Account” and collectively as “Savings Accounts,” as applicable. You can make deposits in person or by mail. You At the present time, you can arrange to have one or more of the following deposits made directly by the payer to your My Future Savings Account by participating payersAccounts: (1) payroll deduction deposits, (2) net pay deposits, (3) Social Security deposits, (4) pension plan deposits, (5) stock dividends or (6) other miscellaneous deposits. If you have an automated teller machine (ATM) card, you may also make a deposit through automated teller machines equipped to accept deposits. If you have applied for and been given access to our Telephone Banking iTalk telephone banking service or our Home Online Banking or Mobile Banking service, you can also transfer funds from one account to another, provided you are an owner on every account involved in the transfer. Deposits may also be made at a night depository at those Credit Union locations that have a night depository. Funds deposited to a night depository are considered deposited on the day on which the deposit is removed from such facility and is available for processing. The Credit Union is not responsible for deposits placed in the night depository until the depository is opened, and deposits are subject to count and verification by the Credit Union. If you are depositing coins into your My Future Savings Account, there will be no fee for your use of the coin machines located at any Credit Union branch location. Minimum Balance: The is a $100.00 minimum deposit required to open a My Future Savings Account, and you must maintain a basic membership share of $5.00 on deposit in your Membership Share Savings Account to retain a My Future Savings Account. Withdrawing Money from Your My Future Savings Accounts. As long as you have available funds in your account, and subject to any applicable state or federal laws and regulations the transaction limitations in this Agreement, including the Truth in Savings Disclosure and the Credit Union’s Bylaws, money can be withdrawn from your account by any method approved by the Credit Union. Withdrawals made prior to age 18 are subject to fees as provided in our Fee Schedule. Rate and Annual Percentage Yield ("APY"). Your My Future Savings Account will earn what are known as dividends. Dividends are like interest, except that the rate of dividends is set by the Credit Union's Board of Directors (the "Board") from time to time, and dividends are not guaranteed. The Credit Union estimates a prospective dividend rate and corresponding annual percentage yield (APY) on your My Future Savings Accounts for each dividend period. The dividend rate and APY may change every calendar quarter as determined by the Credit Union. This is a variable rate account. The Credit Union’s current dividend rates will be available each business day at our office. The words "dividend" (or “dividends”) and "interest" may be used interchangeably in this Agreement. Refer to our current Rate Schedule for our current dividend rates applicable to your My Future Savings Account. Daily balance computation method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Compounding. We compound your dividends, even though that isn't required by law. Compounding is more favorable to you, because once dividends have been earned by your account they are added to the balance on which you will earn future dividends. Because we compound dividends, the Annual Percentage Yield (APY) on your account will be somewhat higher than the dividend rate, although for lower rates, the percentage figures shown on your disclosures and statements may be the same due to rounding. The Annual Percentage Yield (APY) will be posted along with the dividend rate. For this account type, the dividend period is the calendar quarter. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. Dividends will be compounded quarterly. The prospective dividend rate for each quarter will be determined in the last month of the previous quarter. The dividend declaration date follows the ending date of a dividend period, and for the example above is April 1.