Deposit Rates
| Effective Date: September 1st, 2018 | Interest Rate | Annual Percentage Yield | Minimum Opening Balance | Minimum Daily Balance To Earn Interest | Interest Compounded & Credited |
|---|---|---|---|---|---|
| Youth Membership/Kid Kash | $5 | $5 | Quarterly | ||
| Age: < 19 | |||||
| $5.00 and Greater | 0.05% | 0.05% | |||
| Membership Account | $5 | $100 | Quarterly | ||
| $100.00 and Greater | 0.05% | 0.05% | |||
| Rainy Day Savings Account | $25 | $100 | Quarterly | ||
| $100.00 and Greater | 0.05% | 0.05% | |||
| Money Market Plus | $0 | $0.01 | Monthly | ||
| $0.01 ‐ $1,000.00 | 2.47% | 2.50% | |||
| $1,000.01 ‐ $5,000.00 | 0.70% | 0.70% | |||
| $5,000.01 ‐ $10,000.00 | 0.45% | 0.45% | |||
| $10,000.01 ‐ $50,000.00 | 0.25% | 0.25% | |||
| $50,000.01 ‐ $100,000.00 | 0.20% | 0.20% | |||
| $100,000.01 ‐ $250,000.00 | 0.15% | 0.15% | |||
| $250,000.01 and greater | 0.10% | 0.10% | |||
| Choice Money Market | $25,000 | $25,000 | Monthly | ||
| $25,000.00 ‐ $49,999.99 | 0.45% | 0.45% | |||
| $50,000.00 ‐ $99,999.99 | 0.55% | 0.55% | |||
| $100,000.00 and greater | 0.70% | 0.70% | |||
| IRA Deposit | $100 | $100 | Quarterly | ||
| $ .00 ‐ $9,999.99 | 0.45% | 0.45% | |||
| $10,000.00 and greater | 0.50% | 0.50% | |||
| Simply Checking* & MY Checking* | N/A | N/A | $25.00 | N/A | None |
| 50+ Checking | 0.05% | 0.05% | $25.00 | $0.01 | Monthly |
| Direct Interest Checking | 0.05% | 0.05% | $25.00 | $0.01 | Monthly |
| Premier Interest Checking | $25.00 | $0.01 | Monthly | ||
| $0 ‐ $1499.99 | 0.05% | 0.05% | |||
| $1500.00 ‐ $24,999.99 | 0.15% | 0.15% | |||
| $25000.00 ‐ $49,99.99 | 0.25% | 0.25% | |||
| $50,000.00 ‐ $99,999.99 | 0.35% | 0.35% | |||
| $100,000.00 and Greater | 0.50% | 0.50% |
TRUTH-IN-SAVINGS DISCLOSURES
Except as specifically described, the following disclosures apply to all of the accounts:
1. Rate Information. The Interest Rate and Annual Percentage Yield on your accounts are set forth above. The Interest Rate and Annual Percentage Yield may change periodically as set forth above for each account, as determined by Management and/or Board of Directors. The Interest Rates and Annual Percentage Yields applicable to each account depends on the balance ranges set forth above. Once a balance range is met, the highest Interest Rate and Annual Percentage Yield for that range will apply to the entire balance in your account.
2. Compounding and Crediting. Interest will be compounded and credited as set forth above.
3. Accrual of Interest. Interest begins to accrue on cash deposits on the business day you make the deposit to your account. Interest will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account.
4. Balance Information. The minimum balance required to open each account is set forth above. For all saving, the minimum balance required to obtain the stated Annual Percentage Yield is set forth above. If the minimum daily balance is not met, you will not earn the stated Annual Percentage Yield. For all accounts, interest is calculated by the average daily balance method which applies 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.
5. Account Limitations. The account limitations for each account are set forth above. For Money Market Accounts, transaction limitations will apply. No more than six (6) preauthorized, automatic, telephone transfers or transfer by check may be made from this account to another account of yours or to a third party in any month. If you exceed these limitations, your accounts may be subject to an excessive transaction fee. For additional information please see the Member Information Brochure.
6. Membership Account. Your Membership Account is a share account and earns dividends rather than interest. With respect to the Membership Account, all references in this Rate and Fee Schedule to "interest" or "interest rate" shall mean "dividends" or "dividend rate". Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The Dividend Rate and Annual Percentage Yield set forth above for your Membership Account are the prospective rates Management and/or the Board anticipates paying for the applicable dividend period.
7. Money Market Account. Limit one account per tax-id number. Dividends are paid at the stated dividend rate for each tier on the portion of the balance within the specified tier. Total dividends paid are based on the amount calculated in each tier.
The rates appearing in this Schedule are accurate and effective for Savings Accounts as of the Effective Date indicated above. If you have any questions or require current rate information on your accounts, please call the Credit Union at 541-928-4536 or at 1-800-950-4536.
| Checking Account Fees | |
|---|---|
| Inactive Checking Account (No Activity for 6 Months, Balance $250 or Less) | $10.00 |
| Inactive Membership Account (No Activity for 12 Months, Balance $100 or Less) | $10.00 |
| ID Theft Recovery Services | $2.00 |
| Related Account Fees | |
| Automatic Overdraft Transfer ‐ Per Occurrence | $4.00 |
| Excessive Transaction Fee‐ Per Transaction over Limitations (Money Market Accounts) | $10.00 |
| Honored Overdraft/ Courtesy Pay ‐ Per Occurrence | $30.00 |
| Non‐Sufficient Funds/ Returned Item (Authorized/ Written By Member) ‐ Per Occurrence | $30.00 |
| Returned Deposited Item (Written to Member) ‐ Per Occurrence | $15.00 |
| Foreign Return Deposited Item (Written to Member) ‐ Per Occurrence | $25.00 |
| Automated Teller Machines (ATM) | |
| CWCU & CO‐OP Network ATMs | Free |
| All Other ATMs | $1.50 |
| Checks | |
| Check Copy ‐ In Branch | $5.00 |
| Check Copy – Mail or Faxed | $10.00 |
| Check Printing | Varies by Style |
| Counter (Temporary) Checks – Per Page of Four | $1.00 |
| Official CU Check – Per Check | $5.00 |
| Debit/ Credit Cards | |
| Plastic Card Replacement – Per Card | $5.00 |
| Card Rush – Per Card | $40.00 |
| VISA Debit/ ATM International Transaction Fee – Originated Outside US | 1% |
| VISA Credit/ Debit Draft Copy | $12.00 |
| Online Bill Payments | |
| Non‐Sufficient Funds | $30.00 |
| Stop Payment | $30.00 |
| Expedited Payment (Check) | $25.00 |
| Expedited Payment (ACH) | $5.00 |
| Miscellaneous Fees | |
| Account Research ‐ Per Hour (Minimum One Hour Charge) | $25.00 |
| Address Locator Fee | $5.00 |
| Black Zipper Bags | $10.00 |
| Collection Fee | Cost + $15.00 |
| Garnishment/ Tax Levy Processing Fee – Per Item | $50.00 |
| IRA Early Closure Fee (Within 180 Days of Opening) | $50.00 |
| Phone Payment (Non‐CWCU Check, Account or Card) | $10.00 |
| Statement Copy Fee | $5.00 |
| Subpoena Fee ‐ Per Hour (Minimum One Hour Charge) | $25.00 |
| Tax Statement Copy Fee | $2.00 |
| Stop Payment ‐ ACH, Official CU Checks and Member Checks (Item or Sequence) | $25.00 |
| Safe Deposit Box Fees | |
| 3” X 5” Annual Rent | $35.00 |
| 5” X 5” Annual Rent | $45.00 |
| 3” X 10” Annual Rent | $50.00 |
| 5” X 10” Annual Rent | $65.00 |
| Drilling Box | Cost + $20.00 |
| Key Replacement | $25.00 |
| Wire Transfers | |
| Incoming | $15.00 |
| Outgoing | $25.00 |
Fees
Each account holder agrees to the terms set forth on this Rate and Fee Schedule and acknowledges that it is a part of the Membership and Account Agreement. This Rate and Fee Schedule sets forth current conditions, rates, fees and charges applicable to your Checking Accounts at Central Willamette Community 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. Fees may reduce earnings.
Except as specifically described, the following disclosures apply to all of the accounts:
*20.00 maximum of your Nationwide ATM fee refunds if requirements are met each cycle that were charged to the Rewards Account. ATM fee reimbursements will be credited to your account on the last day of your statement cycle. **1.40% Annual Percentage Yield (APY) paid on balances up to $15,000 and .25% APY paid on all amounts above $15,000 each cycle the minimum requirements are met. The APY range assumes a minimum balance of $25,000.01 and a maximum balance of $50,000.00. If at any time the account is closed during the cycle period, the Requirements Not Met .05% APY will apply. If you do not meet the requirements during a given cycle, you will earn the Dividend Rate of 0.05%. APY Rates as of November 1, 2017. We may change the Dividend Rate and APY at any time after the account is opened. No minimum balance required. Available to personal accounts only. No monthly service charge. If you do not meet the requirements per cycle, your account will still function as a free checking account earning the Dividend Rate, however it will not receive ATM Refunds for that time period. Please contact us for further information regarding terms and conditions.
** EFT – Electronic Funds Transfer
1.Rate Information. The Interest Rate and Annual Percentage Yield on your accounts are set forth above. The Interest Rate and Annual Percentage Yield may change monthly. The Interest Rates and Annual Percentage Yields applicable to each account depends on the balance ranges set forth above. Once a balance range is met, the highest Interest Rate and Annual Percentage Yield for that range will apply to the entire balance in your account.
2. Compounding and Crediting. Interest will be compounded and credited as set forth above.
3. Accrual of Interest. Interest begins to accrue on cash deposits on the business day you make the deposit to your account. Interest will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit to your account.
4. The minimum balance required to open each account is set forth above. For all savings, the minimum balance required to obtain the stated Annual Percentage Yield is set forth above. If the minimum daily balance is not met, you will not earn the stated Annual Percentage Yield. For all accounts, interest is calculated by the average daily balance method which applies 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. nbsp;
5. Account Limitations. The account limitations for each account are set forth above.
The rates appearing in this Schedule are accurate and effective for Checking Accounts as of the Effective Date indicated above. If you have any questions or require current rate information on your accounts, please call the Credit Union at 541-928-4536 or at 1-800-950-4536.