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HFFRC 4C  

Share Rates                                       Truth in Savings Disclosure   

Fee Schedule

The rates applicable to your account at Maine Education Credit Union are provided below. The Annual Percentage Yield listed below is accurate as of January 1, 2013.  Rates are subject to change at any time without notice.

Share and Checking Rates


 

Account Type Min. Balance Dividend Rate APY*
Regular Shares $5.00 .10% .10%
Clubs $5.00 .10% .10%
IRA Shares $5.00 .20% .20%
Checking n/a n/a n/a

*Annual Percentage Yield. Dividends are based on the Average Daily Balance Method. Dividends are Compounded and Credited monthly. A $5.00 Minimum Balance is required to obtain the Annual Percentage Yield for the monthly dividend period. The Minimum required Opening Balance is $5.00 for Regular Share, IRA, and Club accounts; $25.00 for Checking accounts.


High Yield Accounts


 

Account Type Min. Balance/Range Dividend Rate APY*
High Yield Shares $2,000 - 24,999   .15%   .15%
$25,000 - 49,999   .20%   .20%
$50,000 - 99,999   .20%   .20%
$100,000 & Over   .25%   .25%

*Annual Percentage Yield. Dividends are based on the Average Daily Balance Method. Dividends are Compounded and Credited monthly. A $2,000 Minimum Balance is required to obtain the Annual Percentage Yield for the monthly dividend period. The Minimum required Opening Balance is $2,000. Hi Yield Accounts are limited to 6 withdrawals per month. Accounts balances falling below $2,000 will be closed and the balance transferred to a regular share account.


Certificate Accounts


 

Share and IRA Certificates
 

Term Min. Balance Penalty Dividend Rate APY*
6 Months $2,000 90 days .40% .40%
12 Months $2,000 180 days .50% .50%
24 Months $2,000 180 days .75% .75%
36 Months $2,000 180 days 1.00% 1.01%
48 Months $2,000 180 days 1.40% 1.41%
60 Months $2,000 180 days 1.75% 1.77%

Share Certificate “Special”
 

Term Min. Balance Penalty Dividend Rate APY*
15 Months $2,000 180 days .55% .55%


 

Super Saver Share Certificates
 

Term Min. Balance Penalty Dividend Rate APY*
6 Months $500 90 Days  .20% .20%
12 Months $500 180 Days .30% .30%
24 Months $500 180 Days .50% .50%
36 Months $500 180 Days .75% .75%

 

*Annual Percentage Yield. Dividends are based on the average daily balance method. Dividends are compounded daily and credited monthly. The minimum balance stated above is required to obtain the Annual Percentage Yield for the monthly dividend period as well as to establish the certificate account.

This credit union is federally-insured by the National Credit Union Administration.. PRIVACY STATEMENT We do Business in Accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.. FreeDigitalPhotos.net