Unified People's Federal Credit Union
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SAVINGS & INVESTMENT ACCOUNTS
Rates & Yields
(Effective 08/28/2013)

*Minimum balances and terms may apply.  Rates subject to change.
APR = Annual Percentage Rate
APY = Annual Percentage Yield

 

**TRUTH-IN-SAVINGS DISCLOSURE

PRIMARY SHARE, SECONDARY SHARE/SAVINGS, AND KIDS' CLUB ACCOUNTS
Rate Information.  The dividend rate and annual percentage yield may change every quarter. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and Crediting:  Dividends will be compounded every quarter. Dividends will be credited to your 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 31.
If you close your share account before dividends are paid, you will not receive the accrued dividends.

Minimum Balance Requirements:
  The minimum required to open a regular share account is the purchase of a share in the credit union. Please see the bylaw requirements in the Common Features section for additional information. You must maintain a minimum average daily balance of $100.00 in your account to obtain the disclosed annual percentage yield. The minimum required balance to earn dividends on a Kids' Club account is $0.01. For the Vacation Club account, the minimum required balance to earn dividends is $100.00.

Average Daily Balance Computation Method:
  Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the quarterly statement cycle.

Accrual Of Dividends On Noncash Deposits: 
  Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction Limitations:
   During any statement period, 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 preauthorized or automatic transfer or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card (if applicable), or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union.

Par value of a share:  The par value of a share in this account is $5.00.

SHARE DRAFT (CHECKING) ACCOUNT

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 share account before dividends are paid, you will not receive the accrued dividends.

Minimum Balance Requirements:  You must maintain a minimum average daily balance of $500.00 in your account to obtain the disclosed annual percentage yield.

Average Daily Balance Computation Method:  Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.

Accrual of dividends on noncash deposits: Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations: No transaction limitations apply to this account unless otherwise stated in the Common Features section.