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Members Advantage
Federal Credit Union
7590 W 49th Avenue, Wheat Ridge, CO, 80033
Phone: (303) 431-5970
24 Hour Dial-A-Teller: (303) 431-6117
Rate Schedule for Share & Share Certificate
Accounts
Rates Effective As Of: July 1, 2008 |
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Share Account
These are variable rate accounts and may be changed
at any time, in any amount, at the sole discretion of Members
Advantage Federal Credit Union. The dividend rate and APY are
the prospective rates and yields that the credit union anticipates
paying for the applicable dividend period. |
| Type of Account |
APY* |
Dividend
Rate |
Minimum
Opening Balance |
Minimum
Required Balance |
Early
Withdrawal Penalty |
Compounding
Frequency |
| Primary Share |
0.50% |
0.50% |
$25.00 |
$25.00 |
None |
Quarterly |
| Special Savings |
0.50% |
0.50% |
None |
None |
None |
Quarterly |
| Personal Business |
0.50% |
0.50% |
None |
None |
None |
Quarterly |
| Christmas Club |
0.50% |
0.50% |
$5.00 |
None |
None |
Quarterly |
| IRA Share Account |
0.50% |
0.50% |
$25.00 |
$25.00 |
None |
Quarterly |
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Money Market Account
No more than six withdrawals per month. For each withdrawal
after the first three, there is a $10.00 charge and must be
made in person. If the account balance is reduced below $2500.00
on any day the entire remaining amount will be transferred to
your Share account and your money market will be closed. |
| Type of Account |
APY* |
Dividend Rate |
Minimum Opening
Balance |
Minimum Required
Balance |
Early Withdrawal
Penalty |
Compounding
Frequency |
| Money Market |
1.70% |
1.69% |
$2,500 |
$2,500 |
Limited to six withdrawals per month |
Monthly |
| Jumbo Money Market |
1.95% |
1.93% |
$100,000 |
$100,000 |
NONE |
Monthly |
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Share certificate and IRA Share Certificates
If share certificate funds other than dividends are withdrawn
prior to maturity, a penalty will be imposed. |
| Type of Account |
APY* |
Dividend Rate |
Minimum Opening
Balance |
Minimum Required
Balance |
Early Withdrawal
Penalty |
Compounding
Frequency |
| 6 Months |
2.75% |
2.72% |
$500.00 |
$500.00 |
90 day dividend |
Monthly |
| 12 Months |
3.00% |
2.96% |
$500.00 |
$500.00 |
180 day dividend |
Monthly |
| 24 Months |
3.25% |
3.20% |
$500.00 |
$500.00 |
180 day dividend |
Monthly |
| 36 Months |
3.30% |
3.25% |
$500.00 |
$500.00 |
180 day dividend |
Monthly |
| 48 Months |
3.30% |
3.25% |
$500.00 |
$500.00 |
180 day dividend |
Monthly |
| 60 Months |
3.40% |
3.35% |
$500.00 |
$500.00 |
180 day dividend |
Monthly |
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| *APY
is the Annual Percentage Yield
The dividend rates and yields set forth above are accurate
as of the effective indicated above. If you wish to obtain
current rates information, please call the credit union. The
Annual Percentage Yield is a percentage rate reflecting the
total amount of dividends paid on an account, based on dividend
rate and the frequency of compounding for a 365 day period.
Normally, no notice of intent to withdrawal shares is required.
However, the Bylaws of Members Advantage Federal Credit Union
give the credit union the authority to require notice of up
to sixty days(60) days for withdrawal of shares. NOTICE: See
member guide and account agreement for additional Truth-in-savings
disclosures and account information. |
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