Savings & Share Accounts
Effective March 1, 2012
DEXSTA has several different savings options available:
- Regular Share Savings
- Share Draft (Checking)
- Holiday Clubs
- Special Savings
- 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.
Click here for current interest rates.
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.
Holiday Club: For this account, the entire balance will be
transferred to your share account on the First Banking Day in October,
and the account will remain open. If you withdraw any of the account balance
at any time, we will close your Holiday 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.
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 Shares excluding Share Drafts
are limited to six total transactions per month by any combination of:
Overdraft transfers, ACH Debits, ATM / POS withdrawals, checks, and
transfers to other shares by home banking or phone, including Touch
Additional Deposits: You may only make deposits during IRA certificate terms.
Maturity Notices: Your certificate may renew automatically; you will receive a maturity notice at least 10 days before it matures. Upon maturity, if we do not hear from you, your certificate balance will be transferred to the share selected at time of purchase.
Non-transferable/Non-negotiable: Your account is non-transferable and non-negotiable. The funds in your account may not be pledged to secure any obligation of an owner, except obligations with DEXSTA.