* Tiers to earn Annual Percentage Yield (APY) effective as of 6/1/19: $0-$9,999.99=.30% APY; $10,000-$24,999.99=.35% APY; $25,000-$49,999.99=.45% APY; $50,000+=1.50% APY. TruStone membership required. Minimum opening deposit of $2,500. Fees could reduce the earnings on the dividend bearing accounts. Federally insured by NCUA.
Balance computation method — Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on non-cash deposits — Dividends will begin to accrue on the business day you deposit non-cash items (e.g. checks) to your account. Nature of dividends — Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period. Compounding and frequency - Dividends will be compounded monthly and credited to your account on every monthly statement or at the end of the calendar quarter. Effects of account closing — If you close your account before dividends are paid, you will receive the accrued dividends. These are prospective dividend rates and anticipated Annual Percentage Yields (APY) for the current dividend period and may change at any time without limitations as determined by the TruStone Board of Directors. To confirm the current rates, call 763.591.4949 or 800.343.8328
TRANSACTION LIMITATIONS FOR ALL SAVINGS ACCOUNTS:
Regulation D requires that during any calendar month you may not make more than six withdrawals or transfers from your savings account to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction. Transactions governed by Regulation D include, but are not limited to: automatic transfers from savings to checking for overdraft protection, automatic transfers from savings to any other account, telephone transfers from savings to any other account (including transfers made using Phone Banking and the fax machine,) preauthorized payments from savings, transfers from savings to any other account using Home Banking. Regulation D allows unlimited transfers to withdrawals from a savings account when made by mail, messenger, ATM, or in person, or when such withdrawals are made by telephone, provided a check is mailed to the member. Transfers to repay loans at the credit union and to pay safe deposit box rent are also unlimited.
For these account types, the dividend period is monthly; for example, the first dividend period of the calendar year is January 1 through January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the ending date of a dividend period: for example, January 31.
YOUR SAVINGS INSURED UP TO $250,000 YOUR SAVINGS ARE FEDERALLY INSURED TO AT LEAST $250,000 and backed by the full faith and credit of the United States Government.