Minimum Balance to open a Money Market Account is $2,000. A service charge will be imposed each month if the balance in the account falls below $2,000 on any day of that monthly dividend cycle. Service charge is $10.00. Fees could reduce earnings.
Minimum Balance to earn the APY is $.01.
*1. Rates. ANNUAL PERCENTAGE YIELD (APY) 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. The Dividend Rate and Annual Percentage Yield are variable and may change at any time after an account is opened at the discretion of the Credit Union. Rates are accurate as of the date above.
2. Compounding and Crediting. Dividends will be compounded and credited monthly. If you closed your Account before accrued dividends are credited, accrued dividends will not be paid.
3. Balance Computation Method. Dividends are calculated by the Daily Balance Method, which applies a daily periodic rate to the balance in your account each day. Dividends will begin to accrue on both cash and noncash deposits (e.g., checks) on the business day you deposit such items to your account.
4. Contact Seven Seventeen for more information about current rates, terms and fees. Return to top