Common use of Your Share Savings Accounts Clause in Contracts

Your Share 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limitations in this Agreement, including the Truth in Savings Disclosure and the Credit Union’s Bylaws, money can be withdrawn from your account by any method approved by the Credit Union. Rate and Annual Percentage Yield ("APY"). Your Share Savings Accounts 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 Share 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. 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.

Your Share Savings Accounts. As long as you have available funds money 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. Rate and Annual Percentage Yield ("APY"). Your Share Savings Accounts 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 Share 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. 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) actual yield on your account will be somewhat higher than the annual 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 annual 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.

Your Share 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. Rate and Annual Percentage Yield ("APY"). Your Share Savings Accounts 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 Share 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. 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 is not required by law. Compounding is more favorable to you, because once dividends have been earned by your account 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.