Money Market Rates
| Description | Dividend | APY* |
|---|
| $0 - $2,499.99 | 0.00% | 0.00% |
| $2,500 - $4,999.99 | 0.10% | 0.10% |
| $5,000 - $14,999.99 | 0.15% | 0.15% |
| $15,000 - $24,999.99 | 0.20% | 0.20% |
| $25,000 - $49,999.99 | 0.20% | 0.20% |
| $50,000 - $99,999.99 | 0.25% | 0.25% |
| $100,000 - $299,999.99 | 1.98% | 2.00% |
| $300,000 - $999,999.99 | 2.95% | 3.00% |
| $1,000,000 & Above | 2.95% | 3.00% |
*The Dividend Rate and Annual Percentage Yield (APY) are subject to change without notice. Contact the HAPO financial center nearest you for current rate information or special offerings. Fees may reduce earnings. Rates effective 11/1/2023.
Disclosures
Except as specifically described, the following disclosures apply to all money market accounts:
Rate Information
The Dividend Rate and Annual Percentage Yield on your accounts are set forth above. For Money Market accounts, the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Credit Union. Money Market 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.
Nature of Dividends
The Dividend Rate and Annual Percentage Yield set forth above are the prospective rates that the Credit Union anticipates paying for the applicable dividend period. For all accounts, 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.
Compounding and Crediting
Dividends will be compounded monthly. 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.
Accrual of Dividends/Interest
Dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day your deposit is credited to your account. For Money Market accounts, if you close your account before accrued dividends are credited; accrued dividends will not be paid.
Balance Information
There is a minimum balance requirement of $2,500 to avoid a service fee of $15/month. In the event you do not maintain the minimum required balance, you may not earn dividends.
Transaction Limitations
For Money Market accounts, transaction limitations will apply. No more than six (6) preauthorized, automatic, telephone or internet transfers may be made from these accounts to another account of yours or to a third party in any calendar month.
Of these six (6) transfers, you may not make and we will not clear more than six (6) transfers by check, draft, or debit card to a third party. If you exceed these limitations, your accounts may be subject to a fee or be closed.