Truth In Savings Disclosure - Share Certificate Special


Rate Information - The dividend rate on your term share account is _______% with an annual percentage yield of _______%. You will be paid this rate until first maturity.

Compounding frequency - Unless otherwise paid, dividends will be compounded every


Crediting frequency - Dividends will be credited to your account every __________________.

Minimum balance requirements:

The minimum balance required to open this account is $___________. You must maintain a minimum daily balance of $_______ in your account each day to obtain the disclosed annual percentage yield.

Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the principal balance in the account each day.

Accrual of dividends on noncash deposits - Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

After the account is opened, you may not make additions into the account until the maturity date stated on the account. You may make withdrawals of principal and/or dividends, on an exception basis, from your account before maturity only if we agree at the time you request the withdrawal. Principal and/or dividends withdrawn before maturity is included in the amount subject to early withdrawal penalty. Withdrawal of dividends prior to maturity is not allowed and subject to early withdrawal penalties. Time requirements - Your account will mature

Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity)- The penalty imposed will be as follows: The penalty is forfeiture of all dividends earned and paid to the account at time of early withdrawal.

There are certain circumstances, such as death or incompetence of an owner, where we may waive or reduce this penalty. On IRA accounts, see your plan disclosure for other possible penalties that may apply. The annual percentage yield is based on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings.

Automatically renewable account - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, your deposit will be placed in a dividend-bearing account.

Each renewal term will be in a term equal to or less than the original term, beginning on the maturity date. The dividend rate will be the same we offer on new term share accounts on the maturity date which have the same term, minimum balance (if any) and other features as the original term share account. You will have a grace period of ten calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty.

Nature of Dividends -

Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

NCUAEqual Housing LenderESIDigital Insight, an Intuit company
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