Money Market Accounts

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 every month.  Dividends will be credited to your account every month. 
Dividend period - For this account type, the dividend period is monthly, 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 January 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 January 31.  
If you close your account before dividends are paid, you will not receive the accrued dividends.
Minimum balance requirements:
The minimum balance required to open this account is $2500.00.
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 the non cash items (for example, checks) to your account.
Transaction limitations:
During the month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a telephone order or instruction.  If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.