|
Savings & Share Accounts...
Effective May 9, 2008
DEXSTA has several different savings options available:
- Regular Share Savings
- Share Draft (Checking)
- Christmas Clubs
- Special Savings
- IRAs
- Money Market Accounts
- Share Certificates
- Savings Bonds
The rates and conditions below are applicable to all
of our accounts at the Credit Union and are accurate as of the
effective date. The Credit Union reserves the right to amend this
schedule. Each applicant agrees to these terms at the time he or she
becomes a member. Potential members or members may receive disclosure
forms at any time upon request.
| Account Type |
Balance |
Rate |
APY* |
Share Savings
including Club Accounts,
Special Shares & No Term IRAs |
Below $5000 |
0.50% |
0.50% |
| $5,000-$39,999.99 |
0.75% |
0.75% |
| $40,000 and over |
1.00% |
1.00% |
| Share Draft (Checking) |
All Balances |
0.10% |
0.10% |
| Money Market |
$5,000-$24.999 |
1.50% |
1.51% |
| $25,000-$49,999 |
1.75% |
1.76% |
| $50,000-$74,999 |
2.00% |
2.02% |
| $75,000 + |
2.25% |
2.27% |
Savings Bonds Calculator and Information: Click here
Rate Information and Nature of Dividends: Rates are subject to
change as determined by the Board of Directors. Dividends are paid
from available earnings. The Credit Union anticipates paying the
dividend rates on the table above. The APY (annual percentage yield)
is a projected rate that takes into consideration the effect monthly
compounding has on the dividend rate.
Compounding and Crediting: All Dividends on the accounts listed
above will be compounded monthly. The dividend period will be the
first of each month to the last day of each month. Dividends are
calculated on the last day of each month and will be credited to your
account on the last day of the month.
Accrual of Dividends: Dividends begin to accrue on the day
deposits are received. If you close an account, dividends will be paid
as of that date.
Minimum Balance: DEXSTA FCU imposes no minimum balance
requirements with the exception of the Money Market account. The Money
Market account has a $5,000 minimum balance requirement. The rate will
be set at 1/2 percent below the share rate as a penalty for going below
the minimum balance. Please see the rates and yields above for the
current penalty rate. $5 is always required in the share account as a
condition of membership.
Daily Balance Computation Method: DEXSTA FCU uses the daily
balance method to calculate dividends, which takes a daily periodic
rate multiplied by your account balance for each day.
Christmas Club: For this account,
the entire balance will be transferred to your share account on the second business day in October , and the
account will remain open. If you withdraw any of the account balance
at any time, we will close your Christmas Club account and pay you the
full balance. You may make transfers or withdrawals in the first seven
days after the account is opened without restriction.
Money Market:
This is not intended to a be a transaction account. You may make
only three withdrawals of any kind from your money market account
during any month. The penalty indicated on the fee
schedule will be charged for any withdrawals beyond three. Share
drafts will count as a withdrawal during the month they clear the
account. All Accounts - No account limitations are applicable
for other share and share draft accounts.
* APY = Annual Percentage Yield. Yields are subject to change without
notice. Please contact a Credit Union Member Service Representative for the most
current rates. Rates are effective May 9, 2008.
|
