Rates and Disclosures

Membership Disclosure

Share ACCOUNT DIVIDEND RATES

Dividend Rates Effective February 1, 2017

Product

Min. Balance to Earn Dividend

Dividend Rate

APY1

Share Savings

$50

0.15%

0.15%

Holiday and Vacation Club

$10

0.15%

0.15%

Dollar Dog

$25

0.15%

0.15%

Teen Cache

$50

0.15%

0.15%

Non Stop Plus Checking

$3,000

0.10%

0.10%

IRA Accumulation

$5 – $1,999

0.35%

0.35%

IRA Share

$2,000+

0.50%

0.50%

Money Market Account

$2,500 – $19,999.99

0.20%

0.20%

 

$20,000 – $49,999.99

0.25%

0.25%

 

$50,000 – $99,999.99

0.30%

0.30%

 

$100,000+

0.35%

0.35%

Direct Money Market Account2 $2,500+ 1.00% 1.00%
eMoney Market Account3

$2,500 – $9,999.99

0.50%

0.50%

  $10,000 – $24,999.99 0.75% 0.75%
  $25,000+ 1.00% 1.00%

1 APY = Annual Percentage Yield. This rate schedule states rates applicable to specified accounts. Dividends are compounded daily and credited every month. This schedule is incorporated as a part of your account agreement with your credit union. Minimum balance requirements apply to average daily balance (amount of principal in account each day). All savings rates are variable, which means the dividend rate and annual percentage yield may change at any time as determined by the Board of Directors. Please see Truth in Savings for more information.

2 Enrollment in a Signal Direct Bundle required to open account. No minimum balance is required to open a Direct Money Market account, but no dividends will be paid until the balance reaches $2,500 or more.

3 Enrollment in a Signal Premium Bundle required to open account.

 


Certificate Rates Effective November 3, 2016

Share Certificate Rates

Share Certificates: Term

Minimum Balance

Dividend Rate

APY1

31 Days

$500

0.20%

0.20%

91 Days

$500

0.20%

0.20%

182 Days

$500

0.35%

0.35%

12 Months

$500

0.70%

0.70%

12 Months (Promotional Rate)3

$500

1.252%

1.26%

18 Months

$500

0.75%

0.75%

24 Months2 (Bump-Up Certificate)

$500

0.85%

0.85%

30 Months2 (Bump-Up Certificate)

$500

1.00%

1.00%

36 Months

$500

1.30%

1.31%

36 Months (Promotional Rate)3

$500

1.667%

1.68%

48 Months

$500

1.55%

1.56%

60 Months (Promotional Rate)3

$500

2.137%

2.16%

72 Months

$500

1.75%

1.76%

 

IRA Certificate Rates

Traditional IRA and Roth IRA Certificates: Term

Minimum Balance

Dividend Rate

APY1

12 Months

$2,000

0.75%

0.75%

18 Months

$2,000

0.80%

0.80%

24 Months

$2,000

0.90%

0.90%

30 Months

$2,000

1.05%

1.06%

36 Months

$2,000

1.35%

1.36%

48 Months

$2,000

1.60%

1.61%

60 Months

$2,000

1.75%

1.76%

72 Months

$2,000

1.80%

1.81%

 

Coverdell Education Savings Certificate Rates

Coverdell Education Savings Certificates: Term

Minimum Balance

Dividend Rate

APY1

12 Months

$500

0.75%

0.75%

18 Months

$500

0.80%

0.80%

24 Months

$500

0.90%

0.90%

30 Months

$500

1.05%

1.06%

36 Months

$500

1.35%

1.36%

48 Months

$500

1.60%

1.61%

60 Months

$500

1.75%

1.76%

72 Months

$500

1.80%

1.81%

1  APY = Annual Percentage Yield. The rates quoted above are accurate and effective for the above accounts as of the effective date indicated. Certificate rates remain fixed for the term of the certificate. Unless otherwise paid, dividends for certificates of 182 days or less are compounded daily and paid at maturity. Dividends of Certificates and IRA certificates of 12 to 72 months are compounded daily and paid quarterly. Fees or other conditions could reduce the earnings on the account. A penalty may be imposed for withdrawals before maturity. Please see the Truth in Savings Disclosure for more information. If you have any questions or need current rate information on your accounts, please call 301-933-9100 x 298.

2  You may “‘bump-up’” your dividend rate once to the current market rate during the term of your certificate; by doing so, the term and maturity of the certificate will not change. You also have the option of depositing money to your certificate once during the term. Deposit funds must be brought from an external source. You may exercise each of these options once during each term of a certificate. You may exercise one or both of these options; if exercising both, they may be done at the same time, or at different times, during the term. If you exercise one or both of these options, the maturity date of your certificate will remain the same as originally scheduled. These options will be at no cost to you and are only available on the 24- and 30-month term share certificates. PLEASE NOTE: THE BUMP-UP OPTION IS NOT AVAILABLE ON ANY PROMOTIONAL RATE CERTIFICATES. Rates subject to change.

3  Promotional rate ends March 31, 2017. Minimum opening deposit is $500. After the account is opened, you may not make any additions to the account until the stated maturity date. Partial withdrawals are not allowed. You will have a grace period of ten (10) calendar days after maturity to withdraw funds without being charged an early termination penalty. If no action is taken during the grace period, the certificate will automatically renew to our standard certificate for that same term. The rate and terms in effect at the time of renewal will apply. Early Termination Penalty: If you close a 12-month certificate prior to the maturity date, an early termination penalty of 182 days of dividends will apply. If you close a 36-month certificate prior to the maturity date, an early termination penalty of 365 days of dividends will apply.If you close a 60-month certificate prior to the maturity date, an early termination penalty of 545 days of dividends will apply. How the Penalty Works: The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or the dividend has already been paid, the penalty will be deducted from the principal. IRA Certificates are not eligible. Promotional rates and terms are subject to end at any time without notice.

 


Fees Associated with All Accounts

Fee Type Fee Amount

Account Reconciliation

$20/Hour

Account Research

$20/Hour

ACH Overdraft

$29/Item

ATM Balance Inquiry

$1 Each

ATM Card

$5/Month

ATM Overdraft

$29/item

ATM Transaction

$1 Each for ATM Transactions at an ATM not owned by the credit union

Bad Address Mail Returns

$10.00/Return

Bill Pay Stop Payment

$29/Item

Card Replacement

$10 Each
Currency Conversion 1.00% of Transaction Amount

Debit Card Overdraft

$29/Item

Debit Card Research

$20/Hour

Returned Item Fee

$10/Item

Dormant Account

$5/Month After Two Years of No Activity

Escheatment to State

$50

eStatement Opt Out Fee (paper statement fee)

$2/Month

Garnishment

$50/VA and DC, $75/MD
Inactive Account $5/Month After One Year of No Activity and Account Balance Is Less Than $50

Incoming Wire Transfer

$9/Transfer

Insufficient Funds Fee

$29/Item
Items Sent For Collection $29/Item
Legal Process $50/VA and DC, $75/MD
Money Order $4 Each

eBanking Stop Payment

$20/Item

Official Check

$7/Check

Official Check Replacement

$10 Each

Outgoing Domestic Wire Transfer

$20/Transfer

Outgoing Foreign Wire Transfer – Business

$45/Transfer

Overdraft

$29/Item

Overdraft Privilege $29/Item
Payday Advance $20 Application Fee
Photocopy $3/Copy
Skip Payment (Not Valid on Visa, Mortgage, HELOC, LOC) $25 Per Payment Skipped
Statement Copy $10/Copy

Stop Payment

$29 Each

Telephone Transfer

$3 Each

TellerPhone Stop Payment

$20/Item

Uncollected Funds

$20/Item

VISA Convenience Check Copy

$5 Each

VISA Gift Card

$25-$250 Value/$4, $250.01-$500 Value/$6

VISA One Travel Card

$5 Each, $2 for Reload

VISA Statement Copy

$10 Each

Accounts will incur a $25.00 fee if closed within the first six months of opening the account: Savings, Checking, Money Market. If your Prime Share account falls below $5 for six consecutive months, a below minimum balance fee, equal to the balance in the account, will be assessed and the account will be closed.

 


This credit union is federally insured by the National Credit Union Administration.

To learn more, visit www.ncua.gov, or read one of the publications linked below. To calculate your share insurance coverage, visit: www.mycreditunion.gov/protect/Pages/SI.aspx

 

How Your Accounts Are Federally Insured (an NCUA publication)

Cómo asegurar sus cuentas con seguro federal (español) (an NCUA publication)

 

Your Insured Funds (an NCUA publication)

Sus fondos asegurados (español) (an NCUA publication)