Personal Savings & Youth Account Savings
Money Market Savings & Checking
Once a particular range is met, the dividend rate and annual percentage yield for that balance range will apply to the full balance of your account.
Subject to Reg CC (see below)
Subject to Reg CC (see below)
To earn the Choice Checking Tier 1 APY on balances up to and including $20,000, and Tier 2 APY on balances over $20,000, you must meet requirements each Choice Checking cycle (see below).
Your Credit Union Membership Share is $5.00. This is a deposit to establish membership and not a fee.
Rate Information: The Dividend Rate and Annual Percentage Yield on your accounts are set forth above. For Personal Savings, Youth Account Savings, Personal Checking, Choice Checking, Business Basic Checking, Business Plus Checking, Money Market Savings, Money Market Checking and IRA Savings, the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Board of Directors.
Nature of Dividends: For Personal Savings, Youth Account Savings, Personal Checking, Choice Checking, Business Basic Checking, Business Plus Checking, Money Market Savings, Money Market Checking and IRA Savings, dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. The Dividend Rate and Annual Percentage Yield set forth above are the rates and yields for the last dividend period.
Compounding and Crediting: Dividends will be compounded and credited as set forth above. For dividend bearing accounts, 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: Dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your accounts. If you close your account before accrued dividends are credited, accrued dividends will not be paid.
Balance Information: The minimum balance required to open each account and earn the stated Annual Percentage Yield is set forth above. If you do not maintain the minimum balance, you will not earn the stated Annual Percentage Yield. For Personal Savings, Youth Account Savings, Money Market Savings, Money Market Checking, Choice Checking, and IRA Savings dividend bearing accounts, dividends are calculated by using a Daily Balance method. Dividends are calculated by applying a periodic rate to the balance in the account each day. For Checking dividend bearing accounts, the dividend is based on the average daily balance. For Business Checking dividend bearing accounts, the dividend is based on the low balance during the month. The account must maintain a minimum of $1,000 to earn dividends. For Business Plus Checking dividend bearing accounts, the dividend is based on the minimum balance during the day.
Certain fees may lower the Annual Percentage Yield when assessed to the accounts.
Regulation CC (Funds Availability): The entire balance in your account may not be available for withdrawal, transfer, or paying a check, draft, or item. The availability of funds in your account may be delayed as described in our Funds Availability Policy Disclosure.
The following applies to all checking accounts:
Checking accounts must remain open all month to earn dividends for the month. If the stated minimum balance is not met for a day, dividends will not be earned for that day. Business Plus Checking accounts must remain open all month to earn dividends for the month. If the stated minimum balance is not met for the day, dividends will not be earned for the month.
Each multiple account owner is jointly and severally liable to the credit union for any returned item, overdraft, or unpaid amount regardless of who benefited from the transaction. Account holders agree that any overdraft will be subject to conditions of the Uniform Commercial Code and applicable state law.
Any questions or objections concerning any item shown on a periodic statement shall be waived unless made in writing to the credit union on or before the twentieth day following the day the statement is mailed. Your right to dispute a forged item drawn on your account and paid by the credit union is waived if there is any negligence on your part in the handling of access devices related to the account.
To earn the Choice Checking Tier 1 APY on balances up to and including $20,000, and Tier 2 APY on balances over $20,000, you must meet the following requirements each Choice Checking Cycle, which is from the 25th of month to the day before the last day of the following month: 1) Enroll and receive E-Statements; 2) Have at least 12 debit card transactions of at least $5.00 each post and clear per Choice Checking Cycle; 3) Have at least one direct deposit or automatic electronic payment (ACH) post and clear per Choice Checking cycle, or have one credit card purchase post per Choice Checking Cycle. In addition to earning the Choice Checking rate when all requirements are met, you will receive automatic refunds on ATM surcharge fees nationwide up to $25 plus all ATM fees assessed by Fibre Federal Credit Union. If requirements are not met, you will not earn Tier 1 or Tier 2 APY on your checking balance and ATM fees are not refunded. If your daily balance is greater than $20,000 your APY will be that disclosed for Tier 2, depending on the balance of your account. The APY range for Tier 2 assumes a minimum balance of $20,000.01. By the 1st business day of each month, you will be sent an email notice advising if your Choice Checking Account has met Tier 1 and/or Tier 2, if applicable, requirements. A Choice Checking Account is limited to two per membership. Business Accounts are not eligible.