Money Market Account a. Rate Information- The dividend rate and annual percentage yield (APY) may change at any time, as determined by the credit union. (See the Savings Rate table.)
b. Compounding and Crediting - Dividends will be compounded every month. Dividends will be credited to your account every month.
c. Dividend Period - For this account type, the dividend period is monthly, 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 January 31. All other dividend periods follow this same pattern of dates. The dividend date is the last day of the dividend period and for the example above is January 31.
d. Minimum Balance Requirements- The minimum balance required to open this account is $2,500.00. You must maintain a minimum daily balance of $2,500.00 in your account each day to obtain the disclosed annual percentage yield. For amounts in your account which are greater than $2,500.00, a different interest rate will apply for each tier level as described in the Savings Rate table.
e. 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.
f. Accrual of Dividends on Non-Cash Deposits - Dividends will begin to accrue on the business day you place non- cash items (for example, checks) to your account.
Money Market Account. The Money Market Account (MMA) is a depository account governed by both the Joint Savings Account Agreement and the Checking Agreement. A minimum balance, to be set by the Credit Union, is required to open the MMA. Five (5) dividend tiers exist. The MMA will earn the applicable rate for the balance tier. The dividend rate is calculated on the actual daily balance and is posted monthly. Fees for minimum dollar withdrawal and maximum number of withdrawals per month apply to the MMA. Consult the current Rate and Fee Schedule. If the MMA falls below the minimum balance requirement set by the Credit Union, dividends will not be earned for the period of time the balance remains below the minimum and a monthly fee will be assessed. The Credit Union reserves the right to change the restrictions from time to time.
Money Market Account. RATE INFORMATION: The dividend rate and APY for this Account are set forth in the Schedule of Dividends, Service Charges and Fees. The disclosed dividend rates and APYs are applicable to the specified average daily balance tier. The dividend rates and APYs may change weekly as determined by MCU. The dividend rate paid on each average daily balance tier will be calculated by averaging the published anticipated dividend rates applicable to such tier for the weeks of the monthly dividend period.
Money Market Account. The interest rate on your Account is % with an annual percentage yield of %. • Rate Information: Your interest rate and annual percentage yield may change. • Frequency of rate changes: We may change the interest rate on your Money Market Account (“MMK Account”) at any time. • Determination of rate: At our discretion, we may change the interest rate on your MMK Account. • Crediting frequency: Interest will be compounded every day. Interest will be credited to your MMK Account every month. • Minimum opening balance: A minimum deposit of $25,000.00 is required to open a MMK Account. • Minimum daily balance to obtain the annual percentage yield (APY): You must maintain a minimum average daily balance of $25,000.00 to obtain the disclosed annual percentage yield. • Minimum balance to avoid imposition of fees: A maintenance fee of $100.00 will be imposed every statement cycle if the balance of the MMK Account falls below $25,000.00 on any day of the statement cycle. • Average daily balance computation method: We use the average daily balance method to calculate interest on your Account. This method applies a periodic rate to the average daily balance in the Account for the period. The average daily balance is calculated by adding the principal in the Account for each day of the period and dividing that figure by the number of days in the period. • Accrual of interest on noncash deposits: Interest begins to accrue no later than the Banking Day we receive credit for the deposit of noncash items (e.g. checks).
Money Market Account. You can make no more than six transfers per statement cycle by pre-authorized or automatic transfer or by telephone or Online Banking. This also includes check, draft or debit card. • If a hold has been placed on deposits made to an account from which you wish to transfer funds, you cannot transfer the portion of the funds held until the hold expires. Plains Commerce Bank may offer new services for Online Banking from time to time. Plains Commerce Bank will notify you of these new services. By using these services when they become available, you agree to be bound by the terms and conditions, including applicable rules and regulations, which will be made available to you concerning these services.
Money Market Account. If your Account is a Money Market Account, federal law requires that an Account holder may make no more than six (6) pre-authorized transfers during any one (1) calendar month. Pre-authorized transfers are transfers or withdrawals which you have authorized in advance to transfer money from your Account to a third party or to another account you have with us.
Money Market Account. The minimum balance required to open this account is $1,000.00. You must maintain a $1,000 average daily balance over the quarter to obtain the disclosed annual percentage yield. There is a limit of six preauthorized or telephonic withdrawals per month.
Money Market Account. Borrower shall deposit $1 million in Borrower's Money Market Account with Bank. Hank shall place a hold on the Money Market Account until Bxxx receives invoices for Eligible Equipment supporting the Equipment Advance of $1 million. Bank will release its hold on the Money Market Account, pro rata, by the amount of invoices for Eligible Equipment received by Bank.
6. SECTION 13 OF THE REVOLVING LOAN DEFINITIONS, is hereby amended by amending the definition of "BORROWING BASE" by deleting the reference to "October 2, 2002" in the last line and substituting therefore "January 7, 2003."
7. SECTION 13 OF THE REVOLVING LOAN DEFINITIONS is hereby amended by adding the following to the end of the definition of "ELIGIBLE ACCOUNTS": Notwithstanding the foregoing, Eligible Accounts shall include those accounts owing from Rush Presbyterian-St. Luke Medical Center due October 17, 2002 if collected on or before January 7, 2003.
Money Market Account. You can make no more than [six (6)] transfers per statement period by preauthorized or automatic transfer or by telephone or Online Banking and no more than three (3) of these may be by check draft. Please note: If there are not sufficient funds in the account, we cannot complete this transfer. However, future recurring transfers will not be impacted. • View account balances, history, transaction detail, and paid checks; • Transfer funds between accounts and make loans payments; • Obtain cash advances against your line of credit and Home Equity Line of Credit; • Export your account activity to Quicken; • Obtain and customize reports that identify and track your spending through FinanceWorks; • Set up Alerts to notify you of new transactions and balance changes on your accounts; • Receive your LAFCU account and VISA Credit Card statements online electronically with our Online Statement Service; • Open new share accounts (Secondary savings, Checking and Money Market); • Apply for a Vehicle loan, Credit Card, and Personal loan; • Transfer funds to or from your accounts at other financial institutions through our Funds Transfer or Popmoney Service. (You must specifically enroll in this service); • Update and change profile information, such as Username, Password, email address, street address and Multifactor Factor Authentication phone numbers;
Money Market Account. You can make no more than six transfers per statement cycle by pre-authorized or automatic transfer or by telephone or Online Banking. This also includes check, draft or debit card. • If a hold has been placed on deposits made to an account from which you wish to transfer funds, you cannot transfer the portion of the funds held until the hold expires. Plains Commerce Bank may offer new services for Online Banking from time to time. Plains Commerce Bank will notify you of these new services. By using these services when they become available, you agree to be bound by the terms and conditions, including applicable rules and regulations, which will be made available to you concerning these services. Requirements To access your accounts through Online Banking, you must have an Internet browser, an eligible Bank Account, and an e-mail address. Browsers such as, but not limited to Internet Explorer must be able to accept 256 bit encryption to access secure websites such as our Online Banking. Contact your Browser directly to download the latest version for continued access to Online Banking. To access your e-Statements you will need Adobe®, Acrobat® Reader installed; and for continued access, keep the most current version updated. Online Banking can be used to access only the Plains Commerce Bank accounts in which you are an owner or joint-owner. We undertake no obligation to monitor through Online Banking to determine that access is made on behalf of the account holder. Username and Password You accept responsibility for the confidentiality and security of your password and Username. For security purposes, we require that you create a Username of 6-19 characters and a password with 8-16 characters and require a combination of at least one upper and lower case letter, one numeric and one special character. Please remember that your Username and password are CaSe SensiTive. Please do not share your USERNAME and PASSWORD for security purposes. Unlawful Internet Gambling Notice Restricted transactions as defined in Federal Reserve Regulation GG are prohibited from being processed through this account or relationship. Restricted transactions generally include, but are not limited to, those in which credit, electronic fund transfers, checks, or drafts are knowingly accepted by gambling businesses in connection with the participation by others in unlawful Internet gambling.
