Columbia Credit Union - IRA Certificate Account Rate Schedule

Accurate as of:  7/24/2008
Certificate Account Rate Schedule
Term
Min. to Open and Earn Dividends
Average Daily Balance
$0 - $9,999
Average Daily Balance
$10,000 - $49,999
Average Daily Balance
$50,000 - $99,999
Average Daily Balance
$100,000 +
 
Div Rate
APY*
Div Rate
APY*
Div Rate
APY*
Div Rate
APY*
3 Month
$ 500
2.18%
2.20%
2.23%
2.25%
2.28%
2.30%
2.33%
2.35%
6 Month
$ 500
2.33%
2.35%
2.37%
2.40%
2.42%
2.45%
2.47%
2.50%
9 Month c
$ 1000
2.96%
3.00%
3.06%
3.10%
3.16%
3.20%
3.25%
3.30%
9 Month cm
$ 1000
3.06%
3.10%
3.16%
3.20%
3.25%
3.30%
3.35%
3.40%
9 Month cml
$ 1000
3.16%
3.20%
3.25%
3.30%
3.35%
3.40%
3.45%
3.50%
12 Month
$ 500
2.47%
2.50%
2.52%
2.55%
2.57%
2.60%
2.62%
2.65%
17 Month
$ 1000
3.69%
3.75%
3.69%
3.75%
3.69%
3.75%
3.69%
3.75%
18 Month
$ 500
2.54%
2.57%
2.59%
2.62%
2.64%
2.67%
2.69%
2.72%
24 Month
$ 500
2.92%
2.96%
2.97%
3.01%
3.02%
3.06%
3.07%
3.11%
30 Month
$ 500
3.01%
3.05%
3.06%
3.10%
3.11%
3.15%
3.16%
3.20%
3 Year
$ 500
3.26%
3.31%
3.31%
3.36%
3.36%
3.41%
3.41%
3.46%
4 Year
$ 500
3.41%
3.46%
3.46%
3.51%
3.50%
3.56%
3.55%
3.61%
5 Year
$ 500
3.60%
3.66%
3.65%
3.71%
3.70%
3.76%
3.75%
3.81%
Achievers Club
12 Month**
$ 100
2.42%
2.45%
2.47%
2.50%
2.52%
2.55%
2.57%
2.60%

*
APY = Annual Percentage Yield
c
Limited time special for households with checking
cm
Limited time special for households with checking and money market
cml
Limited time special for households with checking, money market and loan with balance or open line of credit. Ten or more years membership can replace loan requirement.
**
Upon reaching the age of 19, renewal will no longer be at Achievers Club terms.

Accounts insured to $100,000 and Individual Retirement Accounts to $250,000 by the National Credit Union Administration, an agency of the Federal Government

Accounts with dividends tiered by balance
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 +
Div Rate
APY*
Div Rate
APY*
Div Rate
APY*
Div Rate
APY*
IRA Savings (SI)
1.49%
1.50%
1.74%
1.75%
1.98%
2.00%
2.23%
2.25%
*APY = Annual Percentage Yield

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
  1. 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. Relationship feature: If a required relationship is not maintained the certificate may be adjusted to a) the correct corresponding relationship rate or b) called due, accrued dividends posted, and the balance transferred to the disclosed auto-renew term at the then-current rates and terms.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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. Additionally, for MMAs, no more than three (3) of those six transfers may be check or debit card purchases. If you exceed these limitations, the transaction may be returned, unpaid, and your accounts may be subject to a fee or closure.
    Add On feature: 7-mo regular and IRA Certificates (available 12/5/07-12/31/07) permit additional deposits of $1 or more during the original term.
  8. 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.
  9. 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.
  10. 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 until offer expiration) renew to 18-mo terms. 15-mo IRA Certificates (available 2/12/08 – 5/4/08) renew to 12-mo terms. 5-mo regular and IRA Certificates (4/21/08 - 5/4/08), 9-mo regular and IRA Certificates (available 3/20/08 until offer expiration), 7-mo regular and IRA Certificates available 12/5/07-12/31/07 and 3/13/08-3/19/08), renew to 6-mo terms. 4-mo regular and IRA Certificates (available 1/18/08-5/11/08) renew to 3-mo terms. There is a grace period of ten (10) days after maturity in which to withdraw funds without incurring an early withdrawal penalty.
  11. 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.