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interest-bearing checking from Highway FCU...
 For
your convenience, we offer a "Share Draft" account
that provides members with the ability to write an unlimited number of
"Share Drafts" (checks) from their account. Members may also request a Visa Debit Card
that can be used for purchases
and cash advances from this account. You
may use your Visa Debit Card to make purchases or withdraw cash at any
merchant or ATM anywhere that the "Visa Debit" logo is displayed.
Direct Deposit and ACH transactions are also available with this account.
There is no no
minimum balance requirement to open a share draft account. Unlike
many banks, there is no minimum balance requirement in order to avoid a
service charge on this account.
Dividends
(interest) on your Share Draft account are compounded and credited
quarterly on your average daily balance. Members may reorder share
drafts directly from Liberty Check Printers.
To reorder checks, simply
click on the Check Reorders link.
Truth-In-Savings
Disclosure Information
Share
Draft Account
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Annual
Percentage Yield
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0.25 % APY
|
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Dividends
Compounded
|
Quarterly
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Dividends
Credited
|
Quarterly
|
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Dividend
Period
|
Calendar
Quarter
|
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Minimum
Opening Deposit
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None
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Minimum
Balance to Avoid Service Charge
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None
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Minimum
Balance to earn the Stated APY
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$50.00
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Balance
Method
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Average
Daily Balance
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Overdraft
fee from savings acct
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$5.00
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NSF Items
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$25.00
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Check
Photocopy
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$3.00
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Stop Payment
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$5.00
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Statement
Copy
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$1.00
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Stop
check series
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$10.00
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Certified
Checks
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$2.00
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The
dividend rate and annual percentage yield for Share Draft Accounts may
change at any time, as determined by the credit union board of directors.
Dividends
will be compounded and credited to your account every calendar quarter.
Dividends are calculated by the daily balance method which applies a daily
periodic rate to the balance in the account each day. Dividends will
begin to accrue on the business day you place non-cash items (for example,
checks) to your account.
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