Premium Money Market Account
Watch your Savings Grow!
Opening a Premium Money Market Account at Service One gives you the best of both worlds—competitive interest rates and easy access to your funds. With higher earning potential and the security of NCUA insurance, this account is designed to help your savings grow while offering the flexibility you need for your financial goals.
This account has tiered interest rates as follows:
| Balance | APY |
|---|---|
| $0.01 to $99,999.99 | 0.25% |
| $100,0000.00 to $249,999.99 | 1.50% |
| $250,000.00 to $399,999.99 | 3.00% |
| $400,000.00 and up | 4.00% |
Disclosures:
*Terms and Conditions. APY = Annual Percentage Yield. The Premium Money Market Account has a Tiered Variable Interest Rate and is subject to change at any time.Tiers are as follows:
· 0.25% for $0.01 to $99,999.99
· 1.50% for $100,000.00 to $249,999.99
· 3.00% for $250,000.00 to $399,999.99
· 4.00% for $400,000.00 and greater
Minimum Balance Requirements: In order to obtain the disclosed annual percentage yield, You must maintain a minimum balance of $0.01.
Compounding and Crediting: For all dividend bearing Accounts, dividends will be earned daily for each day Your balance exceeds the minimum daily balance requirement for Your Account. For all dividend- bearing Accounts the dividend period is Monthly, will be compounded and credited to Your Account Monthly. You will not be paid any accrued but uncredited dividends at the time You close Your Account.
Balance Computation Method: For all dividend-bearing Accounts, dividends are calculated by the daily balance method which applies a daily periodic rate to the entire principal balance in Your Account for each day
Transaction Limitations: During any calendar month, You may not make more than six withdrawals from or transfers to another Credit Union Account of Yours or to a third party by means of a pre-authorized or automatic transfer or telephonic order or instruction, or by check, draft, debit card, if applicable, or similar order to a third party. If You exceed these limitations, Your Account may be subject to closure by the Credit Union.
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