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Osborne Office
SHARE CERTIFICATES
Effective Date: March 20, 2008
| SHARE CERTIFICATES |
RATE & APY |
INT. PAID AT MATURITY |
| 90 DAY CERTIFICATE |
2.00% |
2.00% |
| 6 MONTH CERTIFICATE |
2.25% |
2.25% |
| 12 MONTH CERTIFICATE |
2.50% |
2.53% |
| 18 MONTH CERTIFICATE |
2.50% |
2.54% |
| 30 MONTH CERTIFICATE |
2.75% |
2.83% |
| 48 MONTH CERTIFICATE |
3.00% |
3.17% |
- The Dividend Rate and Annual Percentage Yield (APY) are listed in the above
chart. The Annual Percentage Yield 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 subject to change quarterly, as
determined by the Credit Union Board of Directors.
- Dividends are paid from current income and available earnings after
required transfers to reserves at the end of the dividend period. The
Dividend Rate and APY are the prospective rates and yields that the Credit
Union anticipates paying for the applicable dividend period.
- The Dividend periods, with examples, are listed above. Subsequent
dividend periods will follow the same pattern of beginning and ending dates.
The Dividend Declaration Date is the last of the Dividend Period.
- Dividends will begin to accrue on cash and non-cash items on the business
day you make the deposit.
- If you close your account before the dividends are credited, you will not
receive the accrued dividends for that period.
- Dividends are calculated by the daily balance method, which applies a
periodic rate to the principal in the account each day.
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