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Highway
FCU is the place to save...
Share
Savings Account
Members
are required to open and maintain a share savings account with an opening
balance requirement of $5.00. Your dividends are credited and compounded
quarterly on your average daily
balance.
Average
Daily Balance
|
Annual
Percentage Yield
|
Under $50.00
| 0.00%
|
$50.00 and over
| 0.25%
APY
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$25,000
and over
| 0.40%
APY
|
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Dividends Compounded
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Quarterly
|
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Share
Draft APY
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0.10%
|
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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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$5.00
|
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Minimum Balance to Avoid Service Charge
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N/A
|
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Minimum Balance to earn the Stated APY
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$50.00
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Balance Method
|
Average Daily Balance
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Certificates
of Deposit
A
Certificate of Deposit is a great way to invest for the future.
Dividends are credited and compounded quarterly on your average daily
balance. Rates are subject to change. Check with the credit
union for current rates.
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Term
|
Minimum Balance to open and earn the stated APY
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Annual Percentage Yield
(APY)
|
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3 Months
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$1,000
|
.35%
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6 Months
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$1,000
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.40%
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One
Year
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$1,000
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.50%
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Two
Year
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$1,000
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.75%
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Three
Year
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$1,000
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1.00%
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Four
Year
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$1,000
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1.25%
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Five
Year
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$1,000
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1.50%
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Club Accounts
A
Club Account is a great way to save for holiday expenses or any special occasion.
You may open a Club Account at anytime during the year with no minimum
balance requirement. Make regular deposits throughout the year. Your dividends are compounded
and credited quarterly on your average daily balance. After the final credit of dividends to your account, we'll
distribute the account balance to either your Share or Share
Draft account. You also have the option to receive a check through the
mail. There is a $25.00 early withdrawal fee associated with
club accounts.
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Annual Percentage Yield
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0.20 % APY
|
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Dividends Compounded
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Quarterly
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Dividends Credited
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Quarterly
|
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Dividend Period
|
Calendar Quarter
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Minimum Opening Deposit
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N/A
|
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Minimum Balance to Avoid Service Charge
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N/A
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Minimum Balance to earn the Stated APY
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$50.00
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Balance Method
|
Average Daily Balance
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IRA
Accounts
 We
offer Individual Retirement Accounts (IRAs) that can provide you with a
comfortable nest egg when you retire. Rules for deposits and
withdrawals are subject to federal regulations. There is no minimum
balance to open this type of account, and automatic deposits are
available. Your dividends are compounded and credited quarterly on your average daily
balance.
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Annual Percentage Yield
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1.00 %
APY
|
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Dividends Compounded
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Quarterly
|
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Dividends Credited
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Quarterly
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Dividend Period
|
Calendar Quarter
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Minimum Opening Deposit
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$0.00
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Minimum Balance to Avoid Service Charge
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N/A
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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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Yearly
maintenance fee
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$10.00
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Closed
account fee
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$10.00
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Additional
Truth-In-Savings
Disclosure Information
Share Accounts
The
dividend rate and annual percentage yield for Share Accounts, Club
Accounts, and IRA 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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