Checking Account Rates
|
|
| Classic Checking | 0.30% | 0.30% |
| MI Checking | 0.30% | 0.30% |
| Advantage Plus with Fraud Protection | 0.30% | 0.30% |
| Advantage 50 with Fraud Protection | 0.30% | 0.30% |
| Advantage 50 Plus with Fraud Protection | 0.30% | 0.30% |
| Power+ | | |
| $0.01 - $2,499.99 | 0.00% | 0.00% |
| $2,500 - $4,999.99 | 1.74% | 1.75% |
| $5,000 - $14,999.99 | 2.32% | 2.35% |
| $15,000 - $24,999.99 | 2.37% | 2.40% |
| $25,000 - $49,999.99 | 2.57% | 2.60% |
| $50,000 - $99,999.99 | 3.06% | 3.10% |
| $100,000 - $299,999.99 | 3.25% | 3.30% |
| $300,000 - $999,999.99 | 3.25% | 3.30% |
| $1,000,000 - and above | 3.31% | 3.35% |
*Dividend Rate and (APY) Annual Percentage Yield on your Checking account
are set forth above. The Dividend Rate and APY may change monthly as determined
by the Credit Union without notice.
For questions regarding account terms and conditions, please
contact us.
- Rate Information - Power+ checking accounts are tiered rate accounts with the Dividend Rate based on the balance ranges set forth above. Once a balance range is met, the Dividend Rate for that balance range will apply to the entire average daily account balance.
- Compounding and Crediting - For dividend bearing accounts, the Dividend Period begins on the first calendar day of the dividend period and ends on the last calendar day of the dividend period as set forth above. Dividends are calculated by the average daily balance method. Dividends are calculated by applying a periodic rate to the average daily balance in the account for the Dividend Period.
Adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period determine the average daily balance.
- Accrual of Dividends/Interest - Dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account. Dividends will be posted on the last day of each quarter. If you close your account before accrued dividends are credited, accrued dividends will not be paid.
- Balance Information - There is a minimum balance requirement on certain accounts. (See link information). In the event you do not maintain the minimum required balance, you may not earn dividends or you may be assessed a service fee. See current rate & fee at HAPO facility.
- Transaction Limitations - For all checking accounts, transaction limitations may apply. If you exceed limitations, your account(s) may be subject to a fee or be closed.
- Check Clearing - Checks will be cleared from the lowest to the highest transaction amount; allowing for the maximum number of checks to clear in the event of insufficient funds.
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