| Dividends are earned from day of deposit to day of
withdrawal on full amount in the account at the end of each day.
Dividends compound monthly and are credited the first day of the following
month. Rates are subject to change without notice. To obtain
further information, call or write for a copy of the appropriate initial
account disclosure or click on the "Disclosures" link below.
VARIABLE RATE ACCOUNT
The dividend rate and APY for the Indexed
Advantage Money Market Account is a variable rate and the dividend
rate and APY can change as a result.
The APY is based on an index. The index is the most recent available
3-month Constant Maturity Treasury Bill rate. This Index and the APY
may change weekly To determine the APY, we multiply the index by a
percentage between 80% and 110% which is determined on a weekly
basis by the Credit Union. For example if the 3-Month Constant
Maturity Treasury Bill
Yield is 5.00%, and the Credit Union has elected to pay dividends at
90 percent of this yield, the APY would be 4.50%, rounded down to
the nearest 0.01%.
The 3-month Constant Maturity Treasury Bill rate is published each Tuesday in
the Wall Street Journal, West Coast Edition. If Tuesday is a Holiday
and the Wall Street Journal is not published, or if due to a
holiday, the Federal Reserve does not release the rate to allow the
Wall Street Journal to publish the rate on Tuesday, the Credit Union will
use the next 3-month Constant Maturity Treasury Bill rate published in the Wall Street Journal.
Ask us for the current 3-Month Constant Maturity Treasury Bill rate and APY.
Applicable rate information used to calculate the monthly dividends
will be provided on your account statement. |
