Deposit Rates

¹ These accounts bear a variable dividend rate. The dividend rate and APY (Annual Percentage Yield) may change quarterly (monthly in the case of Checking Plus) after the account is opened. 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 the APY are the prospective rates and yields that TFCU anticipates paying for the applicable dividend period. Dividends are calculated by applying a daily periodic rate to the principal in the account each day the minimum balance is maintained.

² If you withdraw any principal before the maturity date, a penalty equal to 90 days dividend on the funds withdrawn [earned or not] will be assessed. TFCU uses the daily balance method to calculate dividends on your account. This method applies a daily periodic rate to the principal in the account each day.

³ APY means a percentage rate reflecting the total amount of dividends that will be paid on an account, based on the dividend rate and frequency of compounding for a 365-day period. The APY is based on the assumption that dividends will remain on deposit. A withdrawal will reduce earnings.

⁴ The minimum additional deposits to the Add-On Certificate account is $500.00. You may exercise this option at any time.

⁵ If your balance falls below $1,000.00 anytime during the month, your account will be assessed a service charge of $10 for that month.

Dividends begin to accrue on the business day you make your deposit as long as the minimum balance to obtain the APY is met. Dividends are compounded and credited quarterly on the last day of March, June, September, December, and at maturity, as in the case of Certificates; [and on the last day of the month on Checking Plus]

Service Charges and other conditions can reduce the earnings on your account. Dividend rates and APY are accurate as of the date stated on this Rate Sheet. Ask an employee or call us at 748-7704 for further information about applicable service charges, current rates, account conditions or to receive a particular account disclosure and/or accounts agreement.

Member accounts are federally insured up to $100,000 by the National Credit Union Share Insurance Fund. IRA accounts are insured up to $250,000.