Rates and Disclosures - Signal Financial

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Membership Disclosure

Share Account Dividend Rates

Effective February 14, 2018

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%

Premium Checking2

$0

0.40%

0.40%

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 Account3 $0+ 1.00% 1.00%
Premium Money Market Account2

$2,500 – $9,999.99

0.50%

0.50%

  $10,000 – $24,999.99 0.75% 0.75%
  $25,000+ 1.34% 1.35%

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 section of the Membership Disclosure for more information.

2 Enrollment in a Signal Premium Bundle required to open account. Please see our Membership page for more information about joining Signal and our Product Bundles page for more about the Premium Bundle.

3 Enrollment in a Signal Direct Bundle required to open account. No minimum balance is required to earn a dividend on a Direct Money Market account. Please see our Membership page for more information about joining Signal and our Product Bundles page for more about the Direct Bundle.

 


Share Certificate Dividend Rates 

 

Share Certificates: Term

Minimum Balance

Dividend Rate

APY1

31 Days

$500

0.200%

0.200%

91 Days

$500

0.550%

0.552%

182 Days

$500

1.250%

1.258%

12 Months

$500

2.500%

2.531%

18 Months

$500

2.550%

2.583%

24 Months2 (Bump-Up Certificate)

$500

2.600%

2.634%

30 Months2 (Bump-Up Certificate)

$500

2.600%

2.634%

36 Months

$500

2.650%

2.685%

48 Months

$500

2.700%

2.737%

60 Months

$500

3.050%

3.097%

72 Months

$500

1.750%

1.760%

Effective November 19, 2018

 

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 section of the Membership Disclosure for more information. If you have any questions or need current rate information on your accounts, please call 301-933-9100 x 298. Available to Signal Financial Federal Credit Union members. See our Membership page to learn more about how to join. Promotional rates and terms are subject to end at any time without notice.

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.

 


IRA Certificate Dividend Rates

 

Traditional IRA and Roth IRA Certificates: Term

Minimum Balance

Dividend Rate

APY1

12 Months

$2,000

2.500%

2.531%

18 Months

$2,000

2.550%

2.583%

24 Months

$2,000

2.600%

2.634%

30 Months

$2,000

2.600%

2.634%

36 Months

$2,000

2.650%

2.685%

48 Months

$2,000

2.700%

2.737%

60 Months

$2,000

3.050%

3.097%

72 Months

$2,000

1.750%

1.760%

 Effective November 19, 2018

 

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 section of the Membership Disclosure for more information. If you have any questions or need current rate information on your accounts, please call 301-933-9100 x 298. Available to Signal Financial Federal Credit Union members. See our Membership page to learn more about how to join. Promotional rates and terms are subject to end at any time without notice.

 


Coverdell Education Savings Certificate Dividend Rates

 

Coverdell Education Savings Certificates: Term

Minimum Balance

Dividend Rate

APY1

12 Months

$500

2.500%

2.531%

18 Months

$500

2.550%

2.583%

24 Months

$500

2.600%

2.634%

30 Months

$500

2.600%

2.634%

36 Months

$500

2.650%

2.685%

48 Months

$500

2.700%

2.737%

60 Months

$500

3.050%

3.097%

72 Months

$500

1.75%

1.76%

Effective November 19, 2018

 

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 section of the Membership Disclosure for more information. If you have any questions or need current rate information on your accounts, please call 301-933-9100 x 298. Available to Signal Financial Federal Credit Union members. See our Membership page to learn more about how to join. Promotional rates and terms are subject to end at any time without notice.

 


Fees Associated with All Accounts

Effective May 1, 2018

Fee Type Fee Amount

ATM Balance Inquiry

$1 each at an ATM not owned by the credit union (foreign ATM)

ATM Transaction

$1 each at an ATM not owned by the credit union (foreign ATM)

Bad Address Mail Returns

$10.00/return

Debit Card Replacement

$10 each
Early Account Closure (less than 6 months after opening) $25

Dormant Account

$5/month after two years of no activity

Escheatment to State

$50

eStatement Opt Out Fee (paper statement fee)

$2/month

Garnishments and Levies

$75
Holiday Club Early Withdrawal Fee $15
Inactive Account $5/month after one year of no activity and account balance is less than $50
Money Order $4 each

Official Check

$7 each

Official Check Replacement

$10 each

Outgoing Domestic Wire Transfer

$30/transfer

Outgoing Foreign Wire Transfer—Business

$45/transfer

Overdraft

$31/item

Payday Advance $20 application fee
Photocopy $3/copy
Research (legal) $75/hour, $75 minimum
Research (member initiated) $30/30 minutes, $30 minimum
Return Deposited Item $31/item
Returned Item—Uncollected Funds $20/item
Special Collection Item $31/item
Statement Copy $10/copy

Stop Payment (credit union assisted)

$31/item

Stop Payment (electronic)

$20/item

Telephone Transfer (credit union assisted)

$3 each

VISA Convenience Check Copy

$5 each

VISA Gift Card

$4 each

VISA Statement Copy

$10 each

Visa Travel Money Reloadable Card

$5 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 may 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)

 

Member Conduct Policy