Savings Rates
This rate and fee schedule for all accounts sets forth certain
conditions, rates, fees, and charges applicable to your accounts at Central Credit Union
Of Illinois as of 8/27/08. Please press 'Reload' for the most current rates.
Savings Accounts
These are the prospective dividend rates on your accounts and the
anticipated annual percentage yields (APY) for the current dividend period. The dividend
rates and annual percentage yields may change every quarter (for My Club
Jan/July, My Club May and My Club July they may change monthly) as determined by the Credit Union Board of Directors.
| Account
Type |
Rate |
APY |
| Share
Savings Account |
0.40% |
0.40% |
| You
must maintain a $25 minimum daily balance to keep this account open and to earn the stated
APY. You must maintain a $200 minimum daily balance in your account to avoid a service fee
unless you are under 18, over 65 or if you maintain a credit union certificate, money
market account, $200 or more in a credit union IRA or if you have a loan account with the
credit union. Dividends on this account are compounded and paid quarterly. |
|
My Club Holiday/My Club October |
0.40% |
0.40% |
| Dividends
on this account are compounded and paid quarterly. Due to the nature of this account,
dividends will also be paid on October 31 before the Christmas Club Account/My
Club October checks are
sent out. Checks will be issued in November for the entire account balance at that time.
If funds are withdrawn at any other time, the account will be closed. |
|
My Club January/July |
0.40% |
0.40% |
| Dividends
on this account are compounded and paid monthly. In January and July, earned
dividends for the first of the month through the last business day of the
month will be paid prior to the balance disbursement. During those
months, dividends will also be paid on the last day of the month for
dividends earned between the disbursement date and the last day of the
month. If funds are withdrawn at any time other than the disbursement
date, a $10 fee will be charged for each withdrawal. |
|
My Club
May |
0.40% |
0.40% |
| Dividends
on this account are compounded and paid monthly. In May, earned dividends
for the first of the month through the last business day of the month will
be paid prior to the balance disbursement. During that month,
dividends will also be paid on the last day of the month for dividends
earned between the disbursement date and the last day of the month. If
funds are withdrawn at any time other than the disbursement date, a $10 fee
will be charged for each withdrawal. |
|
My Club
July |
0.40% |
0.40% |
| Dividends
on this account are compounded and paid monthly. In July, earned dividends
for the first of the month through the last business day of the month will
be paid prior to the balance disbursement. During that month,
dividends will also be paid on the last day of the month for dividends
earned between the disbursement date and the last day of the month. If
funds are withdrawn at any time other than the disbursement date, a $10 fee
will be charged for each withdrawal. |
Checking
Accounts
These are the prospective dividend rates on your accounts and the
anticipated annual percentage yields (APY) for the current dividend period. The dividend
rate and annual percentage yields may change every month as determined by the Credit Union Board of Directors.
| Checking Plus Account |
0.40% |
0.40% |
| Dividends on
this account will be compounded daily and credited monthly. You must maintain a $1,000
minimum daily balance to earn the stated APY. |
Money Market Accounts
These are the prospective dividend rates on your accounts and the
anticipated annual percentage yields (APY) for the current dividend period. The dividend
rate and annual percentage yields may change every month as determined by the Credit Union Board of Directors.
| Money
Market Account |
1.04% |
1.05% |
| You must
maintain a $1,000 minimum daily balance to earn the stated APY. Dividends on this account
are compounded daily and credited monthly. |
| Market Rate IRA |
1.04% |
1.05% |
| Dividends on
this account are compounded daily and credited monthly. Withdrawals from this
account are governed by Internal Revenue Service (IRS) regulations. Market Rate IRAs may
be opened as traditional, Roth or Coverdell Education Savings Accounts. |
| Smart-Saver Money
Market |
1.83% |
1.85% |
| You must
maintain a $10,000 minimum daily balance to earn the stated APY. Dividends on these
accounts are compounded daily and credited monthly. |
| Smart-Saver Money
Market IRA |
1.83% |
1.85% |
| You must
maintain a $10,000 minimum daily balance to earn the stated APY. Dividends on these
accounts are compounded daily and credited monthly. Withdrawals from the Smart-Saver Money
Market IRA are governed by Internal Revenue Service (IRS) regulations. Smart-Saver Money
Market IRAs may be opened as traditional or Roth IRAs. |
| Investor's
Choice Account |
2.47% |
2.50% |
| You must
maintain a $25,000 minimum daily balance to earn the stated APY. Dividends on these
accounts are compounded daily and credited monthly. |
| Investor's
Choice IRA Account |
2.47% |
2.50% |
| You must
maintain a $25,000 minimum daily balance to earn the stated APY. Dividends on these
accounts are compounded daily and credited monthly. Withdrawals from
the Investor's Choice IRA Account are governed by Internal Revenue Service
(IRS) regulations. Investor's Choice IRA Accounts may be opened as
traditional or Roth IRAs. |
Share Certificates
Earn 4.00%
APY with our special 11-month certificate offer.
Click here for details.
These are dividend rates and annual percentage yields. (For
purposes of this disclosure, these rates and APYs are offered through 9/2/08.
Please call (708) 649-6450 to obtain current rate information.) You will be paid
these rates for the terms specified below.
|
Account
Type |
Rate |
APY |
| 6
Month Certificate/IRA Certificate |
2.44% |
2.47% |
| 12
Month Certificate/IRA Certificate |
3.04% |
3.08% |
| 30
Month Certificate/IRA Certificate |
3.10% |
3.14% |
| 60
Month Certificate/IRA Certificate |
3.94% |
4.01% |
| You
must maintain a $1,000 minimum daily balance to earn the stated APY. Early withdrawals are
subject to a dividend penalty. Dividends on certificates are compounded and paid
monthly. All certificates may also be opened as traditional or Roth
IRAs or
Coverdell Education Savings Accounts. |
Fees
Minimum Balance Fees
| Share
(Savings) Account |
Monthly charge for not
maintaining $200 |
$5* |
| Basic
Checking Account |
Monthly charge for not
maintaining $200 |
$5* |
| Checking
Plus Account |
Monthly charge for not
maintaining $1,000 |
$7* |
| Regular
Money Market Account |
Monthly charge for not
maintaining $1,000 |
$5* |
| *Members who
maintain a minimum balance of $5,000 or more in combined Credit Union accounts (must be in
the same member number) are exempt from these fees. |
Share (Savings) Account Fee
| Excess withdrawal fee - (for
each withdrawal over 5 per quarter) |
$5 |
| Non-CALL 24
check withdrawal fee for phone withdrawals less than $250 |
$10 |
My Club Account Fee
Checking Account Fees
| Returned check
fee (NSF or uncollected funds) |
$25 |
| Electronic
funds transfer return fee (NSF or uncollected funds) |
$25 |
| Paid overdraft
fee |
$25 |
| Check handling
fee |
$5 |
| Copy of check |
$2 |
| Temporary
checks (5) |
$1* |
| Stop payment |
$25* |
| Stop payment
(2 or more) |
$35* |
| *Members who
maintain a minimum balance of $5,000 or more in combined Credit Union accounts (must be in
the same member number) are exempt from these fees. |
Cash Card Fees
| Excess withdrawal
fee (for
each ATM withdrawal over 5 per month) |
$1 |
| Monthly service charge
(Waived with Checking Plus and Direct Checking) |
$1 |
| Replacement
card |
$10 |
Collection Item Fees
| Incoming |
$10 |
| Outgoing |
Actual
cost |
Miscellaneous Fees
| Early exit fee
- (closing account within six months of opening) |
$20 |
| Check
processing fee on closed accounts |
$20 |
| Levies, liens,
judgments, subpoenas and other legal documents |
$25 |
| NSF deposit |
$25 |
| Wire transfer |
$15 |
| International
wire transfer |
$40 |
| Western Union
fee |
$20 |
| Research fee
(per hour) |
$20 |
| Account
reconciliation (per hour) |
$20 |
| Copy of
statement |
$3* |
| Printout of
account history |
$3* |
| Cashier's
check |
$3* |
| Money order |
$1* |
| Traveler's
checks (per $100) |
$1* |
| *Members who
maintain a minimum balance of $5,000 or more in combined Credit Union accounts (must be in
the same member number) are exempt from these fees. |
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