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 TBACU Rates - Effective 2/1/08
Rate Schedule: Business Services
The rates and fees contained in this schedule are accurate as of February 1, 2008. For current information, call the Credit Union at 713-336-5500 or 800-577-3164. This Rate and Fee Schedule for all accounts sets forth certain conditions, rates, fees, and charges applicable to your accounts at Texas Bay Area Credit Union, and is incorporated as part of your Account Agreement with us.
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Account Type
|
Amount
|
Dividend Rate
|
Annual % Yield APY*
|
Minimum Balance Requirements
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| SHARE ACCOUNTS (Business Savings) (1) |
Up to $4,999.99 |
.50% |
.50% |
$25 to open; $250 ea. day to obtain disclosed APY;
compounds monthly on a daily ending balance |
|
$5K to $19,999.99 |
.60% |
.60% |
|
|
$20K to $49,999.99 |
.75% |
.75% |
|
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$50K to $99,999.99 |
1.15% |
1.16% |
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|
$100,000 and up |
1.50% |
1.51% |
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| BUSINESS SHARE DRAFTS (Business Checking) (1) |
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Business Select Checking
|
Up to $4,999.99 |
0.25% |
0.25% |
$50 to open; $1,000 ea. day to obtain disclosed APY;
compounds monthly on a daily ending balance
|
|
$5K to $19,999.99 |
0.30% |
0.30% |
|
|
$20K to $49,999.99 |
0.40% |
0.40% |
|
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$50K to $99,999.99 |
0.45% |
0.45% |
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|
$100,000 & up |
0.50% |
0.50% |
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| Business Elite Checking |
Up to $4,999.99 |
0.30% |
0.30% |
$100 to open; $1,500 ea. day to obtain disclosed APY;
compounds monthly on a daily ending balance |
|
$5K to $19,999.99 |
0.35% |
0.35% |
|
|
$20K to $49,999.99 |
0.45% |
0.45% |
|
|
$50K to $99,999.99 |
0.55% |
0.55% |
|
|
$100,000 & up |
0.60% |
0.60% |
|
| Business Elite Plus Checking |
Up to $4,999.99 |
0.40% |
0.40% |
$500 to open; $2,500 ea. day to obtain disclosed APY;
compounds monthly on a daily ending balance |
|
$5K to $19,999.99 |
0.45% |
0.45% |
|
|
$20K to $49,999.99 |
0.55% |
0.55% |
|
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$50K to $99,999.99 |
0.60% |
0.60% |
|
|
$100,000 & up |
0.65% |
0.65% |
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| BUSINESS MONEY FUND (1) |
$500 to $4,999.99 |
1.50% |
1.51% |
$500 to open; $150 minimum withdrawal. Compounds monthly on a daily ending balance. |
|
$5K to $19,999.99 |
1.60% |
1.61% |
|
|
$20K to $49,999.99 |
1.70% |
1.71% |
|
|
$50K to $99,999.99 |
1.90% |
1.92% |
|
|
$100,000 & up |
2.25% |
2.27% |
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APY=Annual Precentage Yield
| Fees can reduce the earnings of deposit accounts. |
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Penalaty may apply for early withdrawl of CD deposits
Rates may change after account is opened.
Please note:
Minimum average daily balance of $100.00 is required to earn any dividends for share accounts.
Minimum average daily balance of $1,000.00 is required to earn any dividends for Business Select Checking - share draft accounts.
Minimum average daily balance of $1,500.00 is required to earn any dividends for Business Elite Checking - share draft accounts.
Minimum average daily balance of $2,500.00 is required to earn any dividends for Business Elite Plus Checking - share draft accounts.
Minimum average daily balance of $500.00 is required to earn any dividends for bonus money fund accounts.
(1) Share and Share Draft Dividends are earned on the average daily balance and paid monthly. Share and Share Draft Dividend rates and APY are subject to change monthly without notice at the discretion of the Board of Directors.
* APY or ANNUAL PERCENTAGE YIELD assumes dividends remain in the account until maturity. Withdrawals or fees reduce earnings. Dividends are paid at the end of the period from current income and available earnings after required transfers to reserves. All accounts must remain open through the end of the dividend period or the maturity date to be paid the accrued dividends.
Texas Bay Area Credit Union is federally insured by the National Credit Union Share Insurance Funds, which is backed by the full faith and credit of the U.S. Government.  |
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