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Rate and Fee Schedule for Savings, Checking, and
Certificate Accounts
Effective Date May 1, 2008 |
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| This Rate and Fee Schedule sets forth current
conditions, rates, fees, and charges applicable to your Savings, Checking and Certificate
Accounts at Rite Choice Community Federal Credit Union at this time. The Credit Union may
offer other rates and fees or amend the rates and fees contained in this schedule from
time to time. Each account holder agrees to the terms set forth on this Rate And Fee
Schedule and acknowledges that is part of the Account Agreement. |
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| Account Type |
Dividend
Rate |
Annual
Percentage
Yield |
Minimum
Opening
Balance |
Minimum
Required
Balance |
Minimum
Balance
Required
to Earn
StatedAPY |
Dividend
Compounded
& Credited |
Dividend
Period |
Regular Savings
$ all balances |
0.25% |
0.35% |
$25 |
$25 |
$100 |
Monthly |
Monthly |
Regular Checking
$ all balances |
0.00% |
0.00% |
$25 |
None |
non
interest
bearing |
N/A |
N/A |
Check+Plus
Checking
$ all balances |
0.05% |
0.05% |
$25 |
None |
$500 |
Monthly |
Monthly |
Business
Checking
$ all balances |
0.00% |
0.00% |
$25 |
None |
non
interest
bearing |
N/A |
N/A |
Platinum
Preferred
$ 1,000-$ 9,999
$10,000-$19,999
$20,000-$49,999
$50,000 & over |
0.40%
0.50%
0.60%
0.60% |
0.40%
0.50%
0.60%
0.60% |
$1,000 |
$1,000 |
$1,000 |
Monthly |
Monthly |
Certificate Accts
6 Months
1 Year
2 Years
3 Years
4 Years |
2.50%
2.75%
3.00%
3.10%
3.20% |
2.52%
2.78%
3.03%
3.14%
3.24% |
$1,000
$1,000
$1,000
$1,000
$1,000 |
$1,000
$1,000
$1,000
$1,000
$1,000 |
$1,000
$1,000
$1,000
$1,000
$1,000 |
Quarterly |
Quarterly |
IRA Accounts
IRA Savings
Certificates
1 Year
2 Years
3 Years
4 Years |
2.50%
2.75%
3.00%
3.10%
3.20% |
2.52%
2.78%
3.03%
3.14%
3.24% |
$25
$1,000 |
$25
$1,000 |
$25
$1,000 |
Monthly
Quarterly |
Monthly
Quarterly |
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Rite Choice Community Federal Credit
Union
Rate and Fee Schedule; Savings, Checking, and Certificate Accounts
Phone for current rate information: (503) 685-6035 |
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| This Rate and Fee Schedule sets forth current conditions,
rates, fees, and charges applicable to your Savings, Checking and Certificate Accounts at
Rite Choice Community Federal Credit Union at this time. The Credit Union may offer other
rates and fees or amend the rates and fees contained in this schedule from time to time.
Each account holder agrees to the terms set forth on this Rate and Fee Schedule and
acknowledge that it is a part of this Account Agreement. |
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| Effective Date March 1, 2008 |
Share/Savings Account Fees
Early Closure (90 days)
Dormant Account Fee
Deposited Item Returned (each)
Holiday Club Early Withdrawal
Below Minimum Balance Required
Share Draft/Checking Account Fees
Insufficient Transaction (each)
Stop Payment Order (each)
Early Closure (90 days)
Dormant Account Fee
Deposited Item Returned (each)
Overdraft Transfer (each)
Below Minimum Balance Required
Check+Plus Checking (below $500)
Business Checking
Check Printing (prices vary on style)
Electronic Funds Access Fees
Card/PIN Replacement
ATM Transaction Fee (over 10 per month)
Visa Credit Card Fees
Card Replacement
Late Payment
Over Limit
ACH Origination
Recurring (per month)
One Time |
15.00
3.00
10.00
20.00
10.00
25.00
15.00
15.00
3.00
10.00
5.00
10.00
5.00
10.00
5.00
1.00
5.00
20.00
25.00
2.00
5.00 |
per mo.
per mo.
per mo.
per mo.
per mo
per mo
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Miscellaneous Fees
Research (per hr, 1 hr minimum)
Reconciling Assistance (per hr, 1 hr min)
Levies (each)
Microfilm Copies (each)
Collection Items
Incoming Wire Transfer
Outgoing Wire Transfer
Western Union Transfer
International Wire Transfer
Holiday Club Early Withdrawal
Excess Regular Savings Withdrawals
Excess Money Market Withdrawals
Official Check (other than withdrawal)
Returned Mail
Account Transcript
Statement Reprint
Bill Payer Service - Manual (per item)
Check Cashing
(balance < $100/no other srvcs.)
Overnight Mail
Fax Service (per page)
Deposited Item Returned (each)
Insufficient Transaction (each)
Overdraft Transfer
IRA Closure
IRA Annual Maintenance
Cash Advance Processing
VISA Gift Cards (per card)
Loan Application Fee |
20.00
20.00
50.00
3.00
10.00
10.00
20.00
30.00
40.00
20.00
2.00
25.00
5.00
3.00
1.00
2.00
10.00
1%
30.00
0.50
10.00
25.00
5.00
25.00
10.00
5.00
5.00
20.00 |
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| Except as specifically described, the
following disclosures apply to all of the accounts. All accounts described in this Rate
and Fee Schedule are share accounts. |
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Rate Information. The Annual Percentage Yield is a percentage rate that reflects the
total amount of dividends to be paid on an account based on the dividend rate and
frequency of compounding for an annual period. For all accounts, the Dividend Rate and
Annual Percentage Yield may change monthly as determined by the Credit Union's Board of
Directors. The dividend Rates and Annual Percentage Yields are the rates and yields as of
the last dividend declaration date which is set forth in the Rate Schedule. All share
accounts except Share Certificate accounts, are Tiered Rate accounts. Once a particular
balance range is met, the Dividend Rate and Annual Percentage Yield for that balance range
will apply to the full balance of your account.
Nature of Dividends. Dividends are paid from current income and available earnings
after required transfer to reserves at the end of the dividend period.
Dividend Compounding and Crediting. The compounding and crediting of dividends and
dividend period applicable to each account are set forth in the Rate Schedule. The
Dividend Period is the period of time at the end of which an account earns dividend
credit. The Dividend Period begins on the first calendar day of the period and ends on the
last calendar day of the period.
Accrual of Dividends. For all accounts, dividends will begin to accrue on non-cash
deposits (e.g. checks) on the business day you make the deposit to your account. For all
accounts, if you close your account before accrued dividends are credited, accrued
dividends will not be paid |
Balance Information. The minimum balance requirements applicable to each account
and set forth in the Rate Schedule. If the minimum average daily balance is not met, you
will not earn the stated Annual Percentage Yield. For all accounts using an Average Daily
Balance method, dividends are calculated by applying a periodic rate to the average daily
balance in the account for the period. The average daily balance is determined by 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.
Account Limitations. For Regular Share, Kirby Kangaroo Club, Tax, Christmas, and
Vehicle Insurance accounts, no more than six (6) pre-authorized, automatic, or telephone
transfers may be made from these accounts to another account of yours or to a third party
in any month, and no more than three (3) of these (6) transfers may be made by check,
draft, or debit card to a third party. If you exceed these limitations, your account may
be subject to a fee or closed. For a Holiday account, the entire balance will be paid to
you by check or transferred to another account of yours on or after November 10 and the
account will remain open. For Certificate Accounts which automatically renew, you may make
transfers or withdrawals within the first seven (7) days after the account is renewed
without restriction. For Platinum Preferred Accounts, no more than three (3) transfers or
withdrawals per month. If you exceed these limitations, your accounts may be subject to a
fee. For Education, Vacation/Leisure and Share Draft accounts, no account limitations
apply |
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