Minimum balance requirements:  The minimum balance required to open this account is $2,500.00 ($25,000.00 for Money Market Yield Account) in your account to avoid a minimum balance fee.  If, during any monthly statement cycle, your average daily balance is below the required minimum, your account will be subject to a minimum balance fee of $15.00 once during the statement cycle. 

Average daily balance computation method:  Interest is calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period.  The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.  The period we use is the monthly statement cycle.

Accrual of interest on noncash deposits:  Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.

Transaction limitations:  During any month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a perauthorized, automatic, or computer transfer or telphonic order or instruction.  No more than three of the six transfers may be made by check, draft or similar order to a third party.  If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union. 

Fees and charges: An annual fee of $20.00 will be charged each year.  This fee will apply if your average annual daily balance is below $2,500.00 ($25,000.00 for Money Market Yield Account).  An over transaction volume limit fee of $9.00 will be charged for each debit transaction (withdrawal, draft or check paid, automatic transfer or payment out of this account) in excess of the above transaction limitations.