Vacation Accounts
You always wanted to vacation in the tropics during winter OR take the kids (or grandkids) to that special fun park--
MAKE YOUR DREAMS COME TRUE----
Open your vacation club now for that vacation you always dreamed about.
Rate Information:
The dividend rate and annual percentage yield may change at any time, as determined by the credit union board of directors.
Compounding and crediting - Dividends will be compounded and credited to your our account every quarter.
Dividend Period - For this account type, the dividend period is quarterly, 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. The dividend declaration date is the last day of the dividend period, and for the example above is March 31st.
If you close the account before dividends are paid, you will not receive the accrued dividends.
Minimum balance requirements:
The minimum balance required to open this account is $5.00.
You must maintain a minimum daily balance of $100.00 (if over age 18) in your account each day to obtain the disclosed annual percentage yield.
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.
Accrual of dividends on non cash deposits - Dividends will begin to accrue on the business day you place non cash items (for example checks) to your account.
Transaction limitations:
No transaction limitations apply to this account unless otherwise stated in the Common Features section
|