Frequently asked questions
What does my estimated, annualized savings amount reflect?
Your savings amount is an estimate and is for illustration purposes only. This estimate illustrates projected savings for an entire year, regardless of when your account was opened.
Financial institutions with comparable rate tiers and pricing structures were used to determine an average rate within each product type. Individual savings were then estimated by determining the difference between current Advantis rates and the average rates, and then applying this differential to your Advantis rates.
In some instances, there may be an account that there is not an exact match for, so we will make the best comparison possible. For example, an HSA account would likely be compared to a regular savings to calculate the savings variance. Rates are subject to change at any time without notice.
The savings amount for all loan relationships, including credit cards, was determined based on balances as of 01/31/2021. If your balance is not carried over month to month, your savings amount would be less.
What fees are included in calculating my savings?
Fees were also taken into consideration when calculating the benefit associated with certain account relationships, using the average fees charged by competitors for that particular account, compared with the fees charged at Advantis. We’re proud to have very few regular account maintenance fees, especially compared to national banks.
Where did you get the data?
The research and all rates, fees, average and collective savings information provided by Marquis from Informa Research Services, Inc., Calabasas, CA, www.informars.com was conducted using bank market rates based on financial data from 01/23/2021 through 02/12/2021. Although the information provided by Informa has been obtained from the financial institutions themselves, neither Marquis nor Advantis Credit Union can guarantee absolute accuracy as rates can change without notice.
How did you determine average and collective member savings?
The average savings amount was determined by comparing the rates and fees at Advantis Credit Union with the average rates and applicable fees of leading financial institutions in the local market, as reported by Informa Research Services, Inc., Calabasas, CA, www.informars.com.
Individual savings amounts were determined by comparing the rates and fees at Advantis Credit Union with the average rates and applicable fees of leading financial institutions in the local market, as reported by Informa Research Services, Inc., Calabasas, CA, www.informars.com. The individual results were then added to establish a total savings figure.
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