Advantis Logo and phone number 1-800-547-5532, www.advantiscu.org

 

Truth-In-Savings Disclosure

Effective Date: 5/01/19

The rates, fees and terms applicable to your account at the Credit Union are provided with this Truth-in-Savings Disclosure. The Credit Union may offer other rates for these accounts from time to time.

RATE SCHEDULE


ACCOUNT TYPE

INTEREST

BALANCE REQUIREMENTS


ACCOUNT LIMITATIONS

Interest Rate/ Annual Percentage Yield

(APY)


Interest Compounded


Interest Credited

Minimum Opening Deposit

Minimum Balance to Avoid a Service Fee

Minimum Balance to Earn the

Stated APY

Balance Method to Calculate

Interest


High-Growth Money Market

$0.00 to $24,999.99 0.10%/0.10%

$25,000.00 to $99,999.99 0.65%/0.65%

$100,000.00 to $249,999.99 0.75%/0.75%

$250,000.00 or greater

0.85%/0.85%


Monthly


Monthly


$2,500.00


-


-


Daily Balance


Account transfer and withdrawal limitations apply.


Money Market Special

$0.00 to $24,999.99 0.10%/0.10%

$25,000.00 to $99,999.99 1.00%/0.83%

$100,000.00 to $249,999.99 1.00%/0.88%

$2500,000.00 or greater

1.00%/0.93%


Monthly


Monthly


$25,000.00


-


-


Daily Balance


Account transfer and withdrawal limitations apply.


ACCOUNT DISCLOSURES

Except as specifically described, the following disclosures apply to all of the accounts.

  1. RATE INFORMATION - The annual percentage yield is a percentage rate that reflects the total amount of interest to be paid on an account based on the interest rate and frequency of compounding for an annual period. For High- Growth Money Market and Money Market Special accounts, the interest rate and annual percentage yield may change at any time as determined by the Credit Union's Board of Directors. High-Growth Money Market and Money Market Special accounts are tiered rate accounts. The balance ranges and corresponding interest rates and annual percentage yields applicable to each tier are disclosed in the Rate Schedule. For tiered accounts, once a particular range is met, the interest rate and annual percentage yield for that balance range will apply to the full balance of your account. For Money Market Special accounts, the rate will be in effect

    for a period of six (6) months, after that six (6) month period the account will be converted to a High-Growth Money Market account.


  2. INTEREST COMPOUNDING AND CREDITING - The compounding and crediting frequency applicable to each account is set forth in the Rate Schedule.


  3. ACCRUAL OF INTEREST - For all earning accounts, interest will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account.


  4. BALANCE INFORMATION To open any account, you must deposit or already have on deposit the minimum required share(s) in a Regular Savings account. Some accounts may have additional minimum opening deposit requirements. The minimum balance requirements

    applicable to each account are set forth in the Rate Schedule. For accounts using the daily balance method as stated in the Rate Schedule, interest is calculated by applying a daily periodic rate to the principal in the account each day.


  5. ACCOUNT LIMITATIONS For High-Growth Money Market and Money Market Special accounts, you may make no more than six (6) transfers and withdrawals from your account to another account of yours or to a third party in any month by means of a preauthorized, automatic, or Internet transfer, by telephonic order or instruction, or by check, draft, debit card or similar order. If you exceed these limitations, your account may be subject to a fee or be closed. For Money Market Special accounts, the account must be opened with new money. New money is defined as money that is not currently on deposit with Advantis Credit Union. For Money Market Special accounts, on the first day of the month following six (6) months after account opening the account will be converted to a High-Growth Money Market account at the prevailing rates.


  6. FEES FOR OVERDRAWING ACCOUNTS Fees for overdrawing your account may be imposed on each check, draft, item, ATM transaction and one-time debit card transaction (if member has consented to overdraft protection plan for ATM and one-time debit card transactions), preauthorized automatic debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance. The entire balance in your account may not be available for withdrawal, transfer or paying a check, draft or item. You may consult the Funds Availability Policy Disclosure for information regarding the availability of funds in your account. Fees for overdrawing your account may be imposed for each overdraft, regardless of whether we pay or return the draft, item or transaction. If we have approved an overdraft protection limit for your account, such fees may reduce your approved limit. Please refer to the Fee Schedule for current fee information.


    For ATM and one-time debit card transactions, you must consent to the Credit Unions overdraft protection plan in order for the transaction amount to be covered under the plan. Without your consent, the Credit Union may not authorize and pay an overdraft resulting from these types of transactions. Services and fees for overdrafts are shown in the document the credit union uses to capture the members opt-in choice for overdraft protection and the Schedule of Fees and Charges.


  7. MEMBERSHIP As a condition of membership, you must purchase and maintain the minimum required share(s) as set forth below.

    Par Value of One Share $5.00 Number of Shares Required 1

  8. RATES The rates appearing with 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 information on your accounts, please call the Credit Union.

  9. FEES See separate fee schedule for a listing of fees and charges applicable to your account(s).

NCUA Logo