Common use of Variable Rate Information Clause in Contracts

Variable Rate Information. The interest rates and annual percentage yield (APY) may change every month. We may change the dividend rate for your account as determined by the credit union. a. The Bonus Rate is paid when the Platinum Account qualification requirements are met within each monthly qualification cycle and your daily balance is $10,000.00 or less. The respective rate and APY is described in the Savings Rates table. b. The Second Tiered Rate is paid when the Platinum Account qualification requirements are met and your daily balance is more than $10,000.00. The respective rate and APY is described in the Savings Rates table. c. The Base Rate is paid when any one of the Platinum Account qualification requirements is not met. The respective rate and APY is described in the Savings Rate table.

Variable Rate Information. The interest rates and annual percentage yield (APY) may change every month. We may change the dividend rate for your account as determined by the credit union. a. The Bonus Rate is paid when the Platinum Rewards Account qualification requirements are met within each monthly qualification cycle and your daily balance is $10,000.00 or less. The respective rate and APY is described in the Savings Rates table. b. The Second Tiered Rate is paid when the Platinum Rewards Account qualification requirements are met and your daily balance is more than $10,000.00. The respective rate and APY is described in the Savings Rates table. c. The Base Rate is paid when any one of the Platinum Rewards Account qualification requirements is not met. The respective rate and APY is described in the Savings Rate table.