Savings Accounts
Regular Share Account
When you join HCCCU, you will begin with a regular share account. This account will earn dividends based on the daily balance maintained in your account during the dividend period. You will then be eligible to take advantage of the many services offered at the Credit Union.
- Dividends are paid from current income and available earnings after required transfer to reserves at the end of a dividend period.
- Rates may vary depending on the type of savings account.
- See Savings Rates & Fees for further information.
Visit the 5 Star Community Credit Union office today to become a member!
Share Draft (Checking) Account
A share draft account gives you the ability to write checks or swipe your debit card to make purchases and pay bills.
- No minimum balance requirement
- Duplicate checks only (checks will not be returned)
- Dividends are calculated on the daily balance in your account during the dividend period (see rates and fees for further information)
- Overdraft protection - automatic transfer from your regular share account (up to your available balance)
- ATM access worldwide
- Debit Card
- Online access with Internet Branch
Open a Share Draft Account today!
Christmas Club Account
A Christmas Club Account provides an excellent way to save during the year to meet those holiday shopping purchases.
- No minimum opening deposit
- No monthly service fee *
- Deposits may be made anytime
- We recommend a systematic method of deposit by payroll deduction
- Dividends are calculated daily and paid into the account quarterly
It's never too late to start saving for the Holidays!
* Account withdrawal limitations apply.
Vacation Club Account
A Vacation Club Account provides an excellent way to save during the year for that special family vacation.
- No minimum opening deposit
- No monthly service fee *
- Deposits may be made anytime
- We recommend a systematic method of deposit by payroll
- Dividends are calculated daily and paid into the account quarterly
Start saving for your vacation today!
* Account withdrawal limitations apply.
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Share Certificates
The rates, fees, and terms applicable
to your account at the Credit Union are provided in this
Truth-In-Savings Disclosure. The Credit Union may offer other rates for these
accounts from time to time.
SHARE CERTIFICATE RATES (As Of March 2, 2012)
|
Type of Certificate |
Minimum
Amount |
Term |
Annual
Rate |
Annual Percentage Yield |
|
3 Month Share Certificate |
$500 |
3 Month |
0.10% |
0.10% |
|
6 Month Share Certificate |
$500 |
6 Month |
0.10% |
0.10% |
|
12 Month Share Certificate |
$500 |
12 Month |
0.20% |
0.20% |
|
18 Month Share Certificate |
$500 |
18 Month |
0.30% |
0.30% |
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Any Rate Above May Change
At Any Time. |
RATE SCHEDULE
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Certificate Accounts |
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|
Minimum Opening Deposit |
$500.00 |
|
Dividends Compounded |
At Maturity |
|
Dividends Credited |
At Maturity |
|
Dividend Period |
Account's Term |
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|
Annual
Percentage Yield
(%) |
Dividend Rate
(%) |
|
TERM
3 Month
9 Month
12 Month
18 Month |
Fixed |
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Additional Deposits: |
Allowed-$100,000 Maximum/deposit |
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Withdrawals: |
Penalty may be imposed for early
withdrawal |
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Renewable: |
Automatic |
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TRUTH-IN-SAVINGS ACCOUNT DISCLOSURES
Except as specifically described, the following disclosures apply
to all of the accounts.
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Rate
Information. The Annual Percentage Yield 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. For all accounts, the Dividend Rate
and Annual Percentage Yield are fixed and will be in effect for
the initial term of the account. For accounts subject to
dividend compounding, the Annual Percentage Yield is based on an
assumption that dividends will remain on deposit
until maturity. A withdrawal of dividends will reduce
earnings.
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Dividend Period. For
each account the dividend period is the account's term.
The dividend period begins on the first day of the term and ends
on the maturity date.
-
Dividend
Compounding and Crediting. The compounding and crediting
frequency of dividends are stated in the Rate Schedule.
-
Balance
Information. The minimum balance requirements applicable
to each account are set forth in the Rate Schedule. To
open any account you must deposit or already have on deposit at
least the par value of one full share in any account. The
par value amount is stated in the Fee Schedule. Some
accounts may have additional minimum opening deposit
requirements. For Certificate accounts, dividends are
calculated by the Average Daily Balance method, which calculates
dividends by applying a periodic rate to the Average Daily
Balance in the account for the dividend period. The
Average Daily Balance is calculated by adding the balance in the
account for each day of the period and dividing that figure by
the number of days in the period.
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Accrual of
Dividends. For Certificate accounts, dividends will begin to accrue on
non-cash deposits (e.g. checks) on the business day you make the
deposit to your account. For Certificate accounts, if you close
your account before accrued dividends are credited, accrued
dividends will not be paid.
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Transaction
Limitations. For Certificate accounts, a penalty may be
imposed for early withdrawal.
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Maturity.
Your account will mature as stated on this Truth-In-Savings
Disclosure or on your Account Receipt or Renewal Notice.
Renewal Policy.
The renewal policy for your accounts is stated in the Rate
Schedule. For Certificate accounts, your account will
automatically renew for another term upon maturity. For
Certificate accounts, you have a grace period of ten (10) days
after maturity in which to withdraw funds in the account without
being charged an early withdrawal penalty.
Nontransferable/Nonnegotiable.
Your account is nontransferable and nonnegotiable.
Fee Schedule
Share Value
The rates and fees appearing in this
Schedule are accurate as of the Effective Date indicated on this
Truth-In-Savings Disclosure. If you have any questions or
require current rate and fee information on our accounts, please
call the Credit Union.
Certificate Accounts
5 Star Community Credit Union
100 South Cherry Street
Mt. Pleasant, IA 52641-0029
(319) 385-4914
Copyright CUNA Mutual Group, 1993, 2004
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Links to other services and web sites are provided for information only.
5 Star Community Credit Union is not responsible or liable for the content or availability of these sites.
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