Personal Account Rate Schedule |
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Accurate as of: 9/9/2010 | Print Version
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| Standard Accounts |
| Account |
Div Rate |
APY* |
| Regular Savings |
0.15% |
0.15% |
| Achievers Club (18 or younger) |
0.15% |
0.15% |
| Holiday Club |
0.15% |
0.15% |
| Income Checking |
0.10% |
0.10% |
| Bonus Checking |
This account does not pay dividends |
| Free For All Checking |
This account does not pay dividends |
| RewardsPLUS Checking (Age 50+) |
This account does not pay dividends |
| Community Club |
This account does not pay dividends |
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| Accounts with dividends tiered by balance |
Account |
Average Daily Balance
$0 - $4,999 |
Average Daily Balance
$5,000 - $9,999 |
Average Daily Balance
$10,000 - $24,999 |
Average Daily Balance
$25,000 - $49,999 |
Average Daily Balance
$50,000 - $99,999 |
Average Daily Balance
$100,000 + |
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| Money Market Account† |
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Money Market Account
w/ Bonus Dividend Plan‡ |
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Account |
Average Daily Balance
$0 - $4,999 |
Average Daily Balance
$5,000 - $24,999 |
Average Daily Balance
$25,000 - $49,999 |
Average Daily Balance
$50,000 + |
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| IRA Savings |
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*APY = Annual Percentage Yield
† When Bonus Dividend Plan is not
enrolled, or when requirements are not met.
‡ When enrolled in the Bonus
Dividend Plan and all requirements are met.
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| Account Characteristics |
| Regular Savings* |
Holiday Club Savings* |
- Minimum to open: $5
- No dividend with average daily balance below $100
- Two withdrawals per month (combined total) from any savings under same account; $.50 thereafter
- No monthly fee if:
- under age 19 or
- addt'l deposit or loan under same account or
- minimum balance of $300; otherwise, $3
- Free online banking and e-statements
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- Minimum to open: $1
- No dividend with average daily balance below $50
- Withdrawals can be made with our branch or call center staff
- No monthly fee
- Annually, balance automatically transferred to designated savings or checking on Nov. 1
- Free online banking and e-statements
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| Achievers Club Savings (Under Age 19)** |
IRA Savings |
- Minimum to open: $1
- Dividends paid on average daily balance to $0
- Six withdrawals per month (combined total) from any savings under same account; $.50 thereafter
- No monthly fee
- No Columbia ATM fee on Achievers Club savings withdrawals from anywhere
- Automatically converts to Regular Savings account characteristics on 19th birthday.
- Free first 150 Columbia Custom checks
- Checking requires a qualified adult signer when member is under age 18
- Achievers 12-month certificate: $100 minimum to open; allows deposits of $50 or more any time
- Free online banking and e-statements
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Columbia offers three IRA programs: Traditional, Roth and Coverdell Education Savings Account
- Minimum to open: $5
- Dividends paid on average daily balance to $0
- No monthly fee
- Contributions are flexible and can be made anytime throughout the year up to your contribution limit
- Make regular contributions using payroll deduction and/or automatic transfers up to your contribution limit
- Tax-deferred or tax-free earning may apply
There are eligibility requirements and contribution limits. You must be eligible to make a contribution. Please see a branch representative or your tax advisor regarding these details.
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| Money Market Account* |
Income Checking* |
- Minimum to open: $1,500
- Tiered yields. Dividends paid on average daily balance to $0
- No monthly fee with $1500 minimum balance otherwise, $8 per month
- Subject to Transaction Limitations below
- See Bonus Dividend Plan below
- Free online banking and e-statements
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- Minimum to open: $1
- Dividends paid on average daily balance to $0
- No monthly fee with direct deposit or $500 minimum balance otherwise, $7 per month
- Unlimited withdrawals
- Free online banking, bill pay and e-statements
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| Free For All Checking* |
Bonus Checking* |
- Minimum to open: $1
- No dividends paid
- No monthly fee
- No minimum balance
- Unlimited withdrawals
- Free online banking, bill pay and e-statements
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- Minimum to open: $1
- No dividends paid
- $10 monthly fee
- No minimum balance
- Unlimited withdrawals
- Free Columbia Custom checks and money orders
- No Columbia ATM fee on checking withdrawals from anywhere
- Free online banking, bill pay and e-statements
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| RewardsPLUS Checking (Age 50+)** |
Community Club Checking |
- Minimum to open: $1
- No dividends paid
- No monthly fee
- No minimum balance
- Unlimited withdrawals
- Free Columbia Custom checks and money orders
- No Columbia ATM fee on checking withdrawals from anywhere
- 25% discount on safe deposit box rental
- Free Entertainment Book with money market account
- Free online banking, bill pay and e-statements
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A checking for our members' community activities with limited transactions
- Minimum to open: $1
- No dividends paid
- No monthly fee
- No minimum balance
- 10 withdrawals per month; $0.25 thereafter
- ATM and Visa Debit access not available
- Free online banking, bill pay and e-statements
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* Proprietary, Non-Columbia ATM or Point-of-Sale transaction fees may be imposed.
** Proprietary or Point-of-Sale transaction fees may be imposed.
Bonus Dividend Plan
Earn a bonus dividend on your money market balance when enrolled in the Bonus Dividend Plan ("Plan")
and meet Plan requirements. Plan requirements: Columbia Credit Union personal checking account ("Checking")
with a minimum balance of $2500 and either a direct deposit into Checking (in the current or previous statement
period) or payment of a CCU loan in current statement period by automatic transfer from Checking. Checking, loan
and money market accounts must be under the same membership number. To enroll in the Plan or to obtain additional
information, visit any Columbia branch, use our secure "Contact Us" webform, online Live Chat, or call member service.
Must enroll in the Plan and meet eligibility requirements by close of business on the last business day of the month
to receive bonus dividend for that statement period. If the money market account is closed before a Plan dividend is
credited, no portion of the accrued dividend will be received. Like regular money market account rates and yields,
the Plan rates and yields are variable and may change without notice.
Federally insured by NCUA
This Rate and Fee Schedule sets forth current conditions, rates, fees and charges applicable to your
Certificate accounts at Columbia Credit Union at this time. The Credit Union may offer other rates and
fees or amend the rates and fees contained in this schedule from time to time. Each account holder
agrees to the terms set forth on the Rate and Fee Schedule and acknowledges that it is a part of the
Membership and Account Agreement.
Truth-In-Savings Disclosures
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Rate Information: The Dividend Rates and Annual Percentage Yields on your accounts are provided on the Rate
Schedule. 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. Regular and IRA Certificates: the Dividend
Rate and Annual Percentage Yield are fixed and will be in effect for the term of the Account unless, as available, the Bump Rate
feature is used. Bump Rate feature: on 14-month regular and IRA certificates opened between 10/1/09 - 10/16/09, you can request
once during the certificate's original term to increase the yield to the then-current, non-promotional, 18-month certificate yield for the remainder of the 14-month certificate term.
Relationship feature: 20-mo regular and IRA and 40-mo regular and IRA certificates require an active checking within the household. Active checking is defined as having at least 10 withdrawals and 2 deposits during the review period April 1, 2010 - May 31, 2010. Household is defined as the address of record listed for the certificate. If an active checking cannot be verified, as of June 1, 2010 and for the remainder of the term, a 20-mo regular and IRA certificate will revert to 1.00%APY and a 40-mo regular and IRA certificate will revert to 2.02%APY.
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Nature of Dividends: Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. The Dividend Rate and Annual Percentage Yield are accurate as of the Effective Date which the Credit Union anticipates paying for the applicable dividend period.
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Compounding and Crediting: Dividends will be compounded and credited as set forth on the Rate Schedule. For regular Certificates, the Dividend Period begins on the first calendar day of the month and ends on the last calendar day of each month. For savings, checking and MMA, dividends are compounded and credited at the end of each month.
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Balance Information: The minimum balances required to open and earn dividends on accounts are on the Rate Schedule. Dividends are calculated by the average daily balance method determined by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period.
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Accrual of Dividends: Dividends begin to accrue on cash and non-cash (checks and electronic) deposits on the business day you make the deposit to your account. If you close your account prior to the dividend period, accrued dividends will be paid upon request other than accrued uncredited dividends under the Bonus Dividend Plan.
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Account Limitations: The account limitations for each account are listed on the Rate Schedule provided at account opening and detailed in the Membership & Account Agreement.
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Transaction Limitations: You may withdraw accrued, uncredited dividends at any time
other than as specified above in Accrual of Dividends. Achiever's Club: Permits additional
deposits of $50 or more at any time. Savings & MMA: No more than six (6) pre-authorized, automatic,
phone or computer transfers may be made from this account to another account of yours or to a third party in
any month. If you exceed these limitations, the transaction may be returned, unpaid, and your accounts may
be subject to a fee or closure.
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Maturity: Your account will mature within the term set on the Rate Schedule provided at
account opening or maturity date on your Certificate Receipt or Maturity Notice.
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Early Withdrawal Penalty: We may impose a penalty if you withdraw any of the principal before the maturity date.
a. Amount of Penalty: The amount of the early withdrawal penalty is based on the term of your account. The penalty schedule is as follows: 365 days or less - 90 days dividends; more than 365 days - 180 days dividends.
b. How the Penalty Works: The penalty is calculated as a forfeiture of part of the dividends that have been or would be earned on the account. It applies whether or not the dividends have been earned. In other words, if the account has not yet earned enough dividends or if dividends have already been paid, the penalty will be deducted from the principle.
c. Exceptions to Early Withdrawal Penalties: At our option, we may pay the account before maturity without imposing an early withdrawal penalty under the following situations:
i. When an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.
ii. When the account is an Individual Retirement Account (IRA) and any portion is paid within seven (7) days after establishment; or where the account is an IRA and the owner attains age 59 1/2 or becomes disabled.
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Renewal Policy: Accounts are automatically renewable accounts. Upon maturity, accounts automatically renew for
the same term unless otherwise noted. 17-mo regular and IRA certificates (available 7/10/08 -11/5/08 and 10/14/08-10/31/08) renew to 18-mo terms.
14-mo regular and IRA certificates (available 10/1/09 – 10/16/09) renew to 18-mo terms.
9-mo regular and IRA certificates (11/13/08 -2/18/09) renew to 6-mo
terms. 20-mo regular and IRA certificates (available 3/1/10 – 3/31/10) renew to 18-mo terms. 40-mo regular and IRA certificates (available 3/1/10 – 3/31/10) renew to 36-mo terms. There is a grace period of ten (10) days after maturity in which to withdraw funds without incurring an early withdrawal penalty.
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Nontransferable/Nonnegotiable: Your account is nontransferable and nonnegotiable. The funds in your accounts (except IRA Certificates) may not be pledged to secure any obligation of an owner, except obligations with Columbia Credit Union.
Except as specifically described, the Truth-In-Savings Disclosures apply to all accounts. If you have questions or require current rate information on your accounts, please contact the Credit Union.
» Personal Account Fee Schedule
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