For full Membership Agreements and Disclosures, please click here.
Rate Information: The dividend rate and annual percentage yield (APY) on your term share account will be determined on the date that the account renews. You can contact the Credit Union on the maturity date listed above to find out this information. Please call 614.235.2395 or 800.282.6420 option 4. Compounding and Crediting Frequency: Unless otherwise paid, the dividend period is monthly, and dividends will be compounded daily and credited to your account monthly. If you close your account before dividends are paid, you will not receive the accrued dividends.
Minimum balance requirements: The minimum balance required to open this account is $500.
Daily balance computation method: Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day.
Transaction limitations: After the account is opened, you may not make additional deposits to it. You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to the early withdrawal penalty.
Rate bump: subject to one rate bump in its 24-month lifetime per member request, additional funds may not be deposited. Member must make request for the rate bump during the term of their Certificate, rate bumps are not automatic. APY will change immediately upon request and revert back to the first day of the month its requested. After one-time rate bump, Certificate will remain at stated APY at the time of the request for the remainder of the term.