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American 1 Truth In Savings Disclosure.pdf

TruthInSavings.pdf
Preview of American 1 Truth In Savings Disclosure
🔗 Source: american1cu.org
📊 Size: 117 KB
📄 Pages: 4 pages
⬇️ Downloads: 213

Summary

The credit union offers various accounts, including Savings/Share, Share/Draft Checking, Club, Premier, Money Market Investment, and Certificate/Term Shares. Each account has its own set of rules and requirements, such as minimum balance requirements, dividend rates, and transaction limitations. The dividend rates and annual percentage yields may change at any time, as determined by the credit union board of directors. Dividends are calculated using the daily balance method and are compounded and credited to the account at varying frequencies, depending on the account type. Some accounts have restrictions on transactions, such as the Club account, which does not allow withdrawals or transfers before the end of the club term. The Premier and Money Market Investment accounts require minimum daily balances to obtain the disclosed annual percentage yield. The Certificate/Term Shares account has a fixed dividend rate and requires a minimum balance of $500.00.

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Description

The credit union offers various accounts, including Savings/Share, Share/Draft Checking, Club, Premier, Money Market Investment, and Certificate/Term Shares.

Technical Information

  • File Format: PDF
  • File Size: 117 KB
  • Pages: 4
  • Language: EN
  • Total Downloads: 213
  • Last Updated: 2 weeks ago

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