Money Market Rates

RELATIONSHIP MONEY MARKET DISCLOSURES:

Minimum Balance to open a Relationship Money Market Account is $10,000. Minimum Balance to earn the APY is $10,000. There are no fees associated with this account.

*1. Rates. ANNUAL PERCENTAGE YIELD (APY) is a percentage rate that reflects the total amount of dividends to be paid on an account based on the Dividend Rate and frequency of compounding for an annual period. The Dividend Rate and Annual Percentage Yield are variable and may change at any time after an account is opened at the discretion of the Credit Union. Rates are accurate as of the date above.

2. Compounding and Crediting. Dividends will be compounded and credited monthly. If you closed your Account before accrued dividends are credited, accrued dividends will not be paid.

3. Balance Computation Method. Dividends are calculated by the Daily Balance Method, which applies a daily periodic rate to the balance in your account each day. Dividends will begin to accrue on both cash and noncash deposits (e.g., checks) on the business day you deposit such items to your account.

4. Contact Seven Seventeen for more information about current rates, terms and fees.

**Monthly account requirements: Must be enrolled in eStatements. Must have an active checking account – defined as ten or more monetary transactions per month posted to your checking account by the end of the month. Monetary transactions can include, but are not limited to deposits, transfers, cash withdrawals, cleared checks, online or mobile bill payments, and ACH payments; balance inquiries and fees are not counted as a transaction.

HIGH YIELD AND BUSINESS MONEY MARKET DISCLOSURES:

Minimum Balance to open a Money Market Account is $2,000.  A $10.00 service charge will be imposed each month if the balance in the account falls below $2,000 on any day of that monthly dividend cycle.  Fees could reduce earnings.

Minimum Balance to earn the APY is $.01.

*1. Rates. ANNUAL PERCENTAGE YIELD (APY) is a percentage rate that reflects the total amount of dividends to be paid on an account based on the Dividend Rate and frequency of compounding for an annual period. Introductory Rate:  The introductory (“intro”) dividend rate and APY are fixed and apply only to new Money Market Accounts.  Any previous or existing 7 17 Credit Union High Yield or Business Money Market Account must be closed for a minimum of 30 days before a new introductory rate Money Market can be opened.  The Introductory Rate is payable to the end of the dividend period following the 12 month anniversary of the account opening date. Non-Introductory Rates:  The dividend rates and APY after the introductory rate expires (or when it does not apply) for the above accounts are variable and may change at any time at the discretion of the Credit Union. Rates are accurate as of the effective date above.  

2. Compounding and Crediting.  Dividends will be compounded and credited monthly. If you closed your Account before accrued dividends are credited, accrued dividends will not be paid. 

3. Balance Computation Method.  Dividends are calculated by the Daily Balance Method, which applies a daily periodic rate to the balance in your account each day.  Dividends will begin to accrue on both cash and noncash deposits (e.g., checks) on the business day you deposit such items to your account.

4. Contact Seven Seventeen for more information about current rates, terms and fees.