APY = Annual Percentage Yield
APY and dividend rates may change at any time as determined by the credit union board of directors
Qualification Cycle – the qualification cycle for the Premier Checking is monthly
|Reward Rate $0 to $10,000
|Reward Rate Over $10,000
To receive the high Annual Percentage Yield and ATM fee reimbursements nationwide, you must perform the following qualifications each cycle:
- Have at least 12 Debit Card transactions post and clear your account each qualification cycle.
- Have at least 1 Direct Deposit or Electronic Automatic Payment post and clear your account each qualification cycle.
- Enroll and receive Electronic Statements (valid e-mail address required)
- Access online banking
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 follows the ending date of a 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 $100.00
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 noncash deposits - Dividends will begin to accrue on the business day you place non-cash items (for example, checks) to your account.
No transaction limitations apply to this account.
Fees and Charges - No monthly service charge for this account.
ATM fee refunds up to $25 per cycle, $5 per item when qualifications are met.