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Deposit
Rates
Rates Effective: February 1, 2012
|
Basic Savings Accounts |
Dividend |
APY* |
| Regular Savings ($5 minimum to open) |
0.10% |
0.10% |
| Business Savings ($5 minimum to open) |
0.10% |
0.10% |
| Bean Sprout Savers ($5 minimum to open) |
0.10% |
0.10% |
| iSave Club Savings ($5 minimum to open) |
0.10% |
0.10% |
| Club Accounts ($5 minimum to open) |
0.10% |
0.10% |
| Holiday Savings** ($5 minimum to open) |
0.10% |
0.10% |
Automatic Savings
Account ($10 minimum to open)
(earn more when you save automatically through direct
deposit, payroll deduction, ACH or automatic transfer between
your Heartland accounts.) |
0.30% |
0.30% |
- Dividends are compounded and paid monthly.
- Dividends calculated by the daily balance method which applies
a daily periodic rate to the balance in the account each day.
Dividends will accrue on the business day your deposits are
posted to your account.
- Automatic Savings Account - Minimum automatic deposit of $10
per month is required. Lump sum deposits of $500 or more are
allowed at anytime. Refer to the
fee schedule for account details. |
|
IRA Savings |
Dividend |
APY* |
| $0.01 - $2,499.99 |
0.10% |
0.10% |
| $2,500 - $9,999.99 |
0.10% |
0.10% |
| $10,000 + |
0.10% |
0.10% |
- Dividends are compounded and
paid monthly.
- Dividends calculated by the daily balance method which applies
a daily periodic rate to the balance in the account each day.
Dividends will accrue on the business day your deposits are
posted to your account. |
Money
Maker Account/Business Money Market Account
$2,500 minimum to open |
Dividend |
APY* |
| Up to $2,499.99*** |
0.10% |
0.10% |
| $2,500 - $9,999.99 |
0.10% |
0.10% |
| $10,000 - $24,999.99 |
0.20% |
0.20% |
| $25,000 - $49,999.99 |
0.20% |
0.20% |
| $50,000 - $74,999.99 |
0.30% |
0.30% |
| $75,000 - $99,999.99 |
0.30% |
0.30% |
| $100,000 + |
0.30% |
0.30% |
- Dividends are compounded and
paid monthly.
- Dividends calculated by the daily balance method which applies
a daily periodic rate to the balance in the account each day.
Dividends will accrue on the business day your deposits are
posted to your account.
-Three (3) withdrawals and or transfers are free per month
without incurring a fee. Additional withdrawals will incur a fee
per the current
fee schedule. |
Free
55 Checking+
$25 minimum to open |
Dividend |
APY* |
| $0.01-$2,499.99 |
0.10% |
0.10% |
| $2,500 + |
0.10% |
0.10% |
Business Checking+
$25 minimum to open |
Dividend |
APY* |
| $0.01-$2,499.99 |
0.10% |
0.10% |
| $2,500 + |
0.10% |
0.10% |
| ($5,000 avg. daily balance to
avoid fee. Refer to
fee schedule) |
Rewards
Checking+
$1,000 minimum to open |
Dividend |
APY* |
| $0.01-$2,499.99 |
0.10% |
0.10% |
| $2,500 + |
0.10% |
0.10% |
| ($1,000 min. daily balance to
avoid fee. Refer to
fee schedule) |
|
Certificate of Deposit & IRAs |
Dividend |
APY* |
| 6 months |
|
|
| $100 minimum for Bean Sprout or iSave CD |
0.15% |
0.15% |
| $1,000 minimum |
0.15% |
0.15% |
| $10,000 minimum |
0.20% |
0.20% |
| |
|
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| 12 months |
|
|
| $100 minimum for Bean Sprout or iSave CD |
0.25% |
0.25% |
| $1,000 minimum |
0.25% |
0.25% |
| $10,000 minimum |
0.30% |
0.30% |
| |
|
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| 18 months |
|
|
| $100 minimum for Bean Sprout or iSave CD |
0.35% |
0.35% |
| $1,000 minimum |
0.35% |
0.35% |
| $10,000 minimum |
0.40% |
0.40% |
| |
|
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| 24 months |
|
|
| $100 minimum for Bean Sprout or iSave CD |
0.45% |
0.45% |
| $1,000 minimum |
0.45% |
0.45% |
| $10,000 minimum |
0.50% |
0.50% |
| |
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| 36 months |
|
|
| $100 minimum for Bean Sprout or iSave CD |
0.70% |
0.70% |
| $1,000 minimum |
0.70% |
0.70% |
| $10,000 minimum |
0.80% |
0.80% |
| |
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| 48 months |
|
|
| $100 minimum for Bean Sprout or iSave CD |
1.00% |
1.00% |
| $1,000 minimum |
1.00% |
1.00% |
| $10,000 minimum |
1.19% |
1.20% |
| |
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| 60 months |
|
|
| $100 minimum for Bean Sprout or iSave CD |
1.29% |
1.30% |
| $1,000 minimum |
1.29% |
1.30% |
| $10,000 minimum |
1.49% |
1.50% |
Compounding Frequency. For all
term share certificates offered, the dividends will be
compounded and credited to your account every quarter and at
maturity. Alternatively, you may choose to have dividends paid
to you or to another account quarterly and at maturity rather
than credited to this account.
Daily Balance Computation Method. Dividends are calculated by
the daily balance method, which applies a daily periodic rate to
your balance each day.
Withdrawal of Dividends Prior to Maturity. The annual percentage
yield is based on an assumption that dividends will remain in
the account until maturity. A withdrawal may reduce earnings.
Marketwatcher option allows you to increase your rate during the
term one time to the current rate by notifying us and adding
$1,000 to your certificate or $100 to your youth certificate.
Your maturity date will remain the same and you will earn the
higher rate for the remaining certificate term.
You will have a grace period of ten calendar days after maturity
to withdrawal the fund without being charged an early withdrawal
penalty. |
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*APY is annual percentage yield. Rates quoted are in
effect 2/1/2012 and are subject to change. If interest is paid to
another account, APY may vary. Any early withdrawal penalty may reduce
earnings on certificates. For current rates call any Heartland Credit
Union office. **Anticipated dividend (interest).
*** Balances under $2,500 will incur a fee. Refer to
fee
schedule.
+ Checking Accounts: Dividends are compounded and paid monthly.
Dividends calculated by the daily balance method which applies a daily
periodic rate to the balance in the account each day. Dividends will
accrue on the business day your deposits are posted to your account. |
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