Money Market Share Account
The dividend rate and annual percentage yield may change every dividend period based on credit union earnings. We may change the dividend rate for your account at any time based on market conditions and rates.
Compounding and Crediting
Dividends are calculated using the average daily balance method which applies a daily periodic rate to the balance in the account each day. Dividends will be posted to your account on the last day of every month. If you you close your account before dividends are paid, you will not receive the accrued dividends.
For Money Market Accounts the dividend period is monthly. For example, the beginning date for the first dividend period of the calendar year is January 1, and the ending date of the dividend period is January 31. Posting date of dividends is the last day of the month. All other dividend periods follow this pattern.
Minimum Balance Requirement
You must maintain a minimum balance of $10,000.00 in your account to obtain the disclosed average daily annual percentage yield.
Accrual of Dividends on Non Cash Deposits
Dividends will begin to accrue on the business day that you deposit non-cash items (checks are non cash items) to your account.
You may make 1 withdrawal per month from this type of account without paying a penalty. If you exceed the withdrawal limitations set forth above you must pay a fee of $10.00 for each additional withdrawal.