| Business Account
Rate Information
To view our current business account investment
rates and fee schedule, please click on the appropriate links below:
Investments
For Regular Business Share Accounts and Special Business Share Accounts,
the Annual Percentage Yield (APY) and Nominal Dividend Rate will
be earned according to the following schedule. The APY is a percentage
rate that reflects the total amount of dividends to be paid on an
account based on the dividend rate and frequency of compounding
for an annual period. These rates may change monthly as determined
by the Credit Union Board of Directors. The minimum balance required
to open an account and earn the stated APY is $5.00.
For Business Share Draft Accounts (checking) (Sole
Proprietorship Only), Dividends will be earned on an average daily
balance of $250.00 and above, at a rate of .25%.
| Product |
Required
Balance |
Rate |
APY
|
| |
|
|
|
| Business Checking |
$0.00 to $4.99 |
0.0% |
0.0%
|
| (Effective
8/15/06) |
$5.00 to $199.99 |
0.25% |
0.250%
|
| |
$200 to $1,999.99 |
0.25% |
0.250%
|
| |
$2,000 to $4,999.99 |
0.50% |
0.501%
|
| |
$5,000 and Up |
0.90% |
0.904%
|
Nature of Dividends - Dividends are paid
from current income and available earnings after required transfers
to reserves at the end of each dividend period
Dividend Method - Dividends on this account
are calculated on the Daily method. This means that a daily periodic
rate is applied to the principal in the account each day. Dividends
will be compounded monthly and credited to your account monthly,
on the last day of the month.
Accrual of Dividends - For all accounts,
dividends will begin to accrue on the business day the deposit
is made to your account. For all accounts, if you close your account
before accrued dividends are credited, accrued dividends will
not be paid.
Par Value of Shares - The par value of
a share is $5.00.
Insurance - Member accounts are federally
insured by the National Credit Union Share Insurance Fund.
Business Membership Fee
Rates
|
Fee
Schedule (For Checking Accounts)
|
| |
|
| NSF Fee |
$25.00 Per Item |
| Returned Item Fee |
$10.00 Per Item |
| Stop Payment Fee |
$10.00 Per Check |
| Uncollected Funds Fee |
$25.00 Per Check |
| |
|
Other
Service Fees (For All Accounts)
|
| |
|
| Wire Transfer |
|
| >>>Domestic |
$15.00 |
| >>>International |
$30.00 |
| Certified Check Fee |
$15.00 Per Check |
| Overnight Fee (Saturday
Delivery) |
$30.00 |
| Gift Cheque Fee |
$2.50 Per Cheque |
| Traveler's Cheque Fee |
1.25% of Total Dollar Amount |
| Money Order Fee |
$2.00 |
| Bad Address Fee |
$10.00 Per Quarter |
| Teller Generated 3rd
Party Check |
$2.50 |
| Account Closing Fee |
$15.00 |
| Statement Copies |
$2.00 Each |
| IRS Levy/Garnishment
Services |
$25.00 Per Set-Up |
| Inactive Account Fee* |
$25.00 Per Quarter |
| * (Account
must have no activity for 24 months and a balance under $100.00) |
|
|
Electronic
Funds Transfer Fees
|
| |
|
| ACH Debit NSF Fee |
$25.00 Per Item |
| ATM NSF Fee |
$25.00 Per Item |
| ATM Returned Item Fee |
$25.00 Per Itemt |
| ATM Card Replacement
Fee |
$10.00 on 3rd Replacement |
| VISA Debit Card Replacement
Fee |
$10.00 on 3rd Replacement |
| VISA Checking Card Replacement
Fee |
$10.00 on 3rd Replacement |
The fees appearing in this Schedule are accurate
and effective for deposit accounts as of March 2, 2006.
If you have any questions or require current rate
and fee information on your accounts, please contact the Credit
Union at 609-631-4300 if in the local calling area or 800-449-3221
if outside of the local calling area.
|
