Super Investor's IRA Accounts
Disclosure of Interest and Account Terms
This Disclosure sets forth current conditions, and rates applicable to your Super IRA
Account. The credit union may offer other rates or amend
the rates contained in this schedule from time to time. Each account holder agrees to the
terms set forth on this Rate and Fee Schedule and acknowledges that it is a part of the
Membership and Account Agreement.
Current rates for , (effective since
5/1/2009)
| If your average daily balance is: |
Interest Rate |
Annual Percentage Yield |
|
$1,000 to $2,499.99
|
0.250%
|
0.25%
|
|
$2,500 to $9,999.99
|
0.549%
|
0.55%
|
|
$10,000 to $24,999.99
|
0.847%
|
0.85%
|
|
$25,000 to $49,999.99
|
1.045%
|
1.05%
|
|
$50,000 to $99,999.99
|
1.243%
|
1.25%
|
|
$100,000+
|
1.440%
|
1.45%
|
Truth-In-Savings Disclosure
- COMPOUNDING AND CREDITING
Interest will be compounded and credited monthly. The interest period begins on
the first calendar day of the month and ends on the last calendar day of the month.
- ACCRUAL OF INTEREST
Interest will begin to accrue on cash deposits and non-cash deposits (e.g. checks) on
the business day you make the deposit to your account.
- BALANCE INFORMATION
The minimum opening balance is $2,500.00. The minimum balance to keep the account open
is $1,000.00.
- TRANSACTION LIMITATIONS
For Super IRA Accounts no more than six (6) pre-authorized, automatic telephone
transfers may be made from this account to another account of yours or to a third party
in any month, and no more than three (3) of these six (6) transfers may be made by
check, or draft to a third party. If you exceed these limitations, your accounts may
be subject to a fee or be closed.
- BALANCE COMPUTATION METHOD
We use the average daily balance method to calculate the interest on your account.
- RATES
Rates may change monthly as determined by the Management of the Credit Union.