REGULAR SHARE ACCOUNT. Downey Federal Credit Union offers a Regular Share Account (with age-appropriate names – Berenstain Bears Cub Account or Money Smart Account) which lets you periodically save money.
REGULAR SHARE ACCOUNT. Rate Information: The dividend rate and annual percentage yield may change at any time as determined by the credit union board of directors. Compounding and Crediting: Dividends will be compounded every quarter. Dividends will be credited to your account every quarter.
REGULAR SHARE ACCOUNT. There is a minimum opening balance requirement of $1.00, which must remain in the account to maintain eligibility for membership. • Miscellaneous Share, Christmas and Vacation Club, XXX and ESA Savings Accounts. There are no requirements to maintain a minimum balance in any of these savings accounts.
REGULAR SHARE ACCOUNT. RATE INFORMATION: The dividend rate and APY for this Account are set forth in the Schedule of Dividends, Service Charges and Fees. The dividend rate and APY for this Account may change every dividend period as determined by MCU Board of Directors.
REGULAR SHARE ACCOUNT. RATE INFORMATION: The dividend rate and annual percentage yield (APY) may change every dividend period as determined by the Credit Union Board of Directors.
REGULAR SHARE ACCOUNT. As of the last dividend declaration date, the dividend rate was .10% with an annual percentage yield (APY) of .10% on your account. The dividend rate and annual percentage yield may change every 30 days as determined by the credit union board of directors.
REGULAR SHARE ACCOUNT. Rate Information The dividend rate and annual percentage yield may change at any time, at the discretion of the credit union Board of Directors. Compounding and Crediting Dividends will be compounded every quarter. Dividends will be credited to your account every quarter Dividend Period The dividend period is quarterly. 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. The dividend declaration date is the last day of the dividend period and for the example above is March 31. Effect of Closing Account If you close your share account before dividends are paid, you will not receive the accrued dividends. Minimum Balance Requirements The minimum required to open this account is the purchase of one share in the credit union. You must maintain a minimum average daily balance of $150.00 in your account to obtain the disclosed annual percentage yield. Average Daily Balance Computation Method Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the quarterly statement cycle. Accrual of Dividends on Non-Cash Deposits Dividends will begin to accrue on the first business day after the banking day you place non-cash items (for example, checks) to your account Transaction Limitations There are no transaction limitations for this account. Par Value of a Share The par value of a share in this account is $5.00. VACATION CLUB ACCOUNT/CHRISTMAS CLUB ACCOUNT Rate Information The dividend rate and annual percentage yield may change at any time, at the discretion of the credit union Board of Directors. Compounding and Dividends will be compounded every quarter. Dividends will be credited to your account every quarter Crediting Dividend Period The dividend period is quarterly. 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. The dividend declaration date is the last day of the dividend period and for the example above is March 31. Effect of Closing Account If you close your ...
REGULAR SHARE ACCOUNT
