Savings Checking

AccountRateAPY*
Regular Savings 0.03% 0.03%
Achievers Club (under age 19) 0.03% 0.03%
Holiday Club 0.03% 0.03%
Income Checking 0.03% 0.03%
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  

* APY = Annual Percentage Yield

Federally insured by NCUA

This Rate and Fee Schedule sets forth current conditions, rates, fees and charges applicable to your 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.

Personal Fee Schedule

Truth-in-Savings Disclosure

Account Characteristics

Regular Savings Holiday Club Savings
  • Minimum to open: $5
  • Two free withdrawals; $0.50 thereafter
  • Monthly Maintenance Fee
    • No monthly fee if
      1. Under age 19 OR
      2. Additional deposit or loan under same tax ID OR
      3. Minimum balance of $300; otherwise $3
  • Dividends paid on daily balance to $0
  • Free mobile banking, online banking an e-statements
  • Minimum to open: $1
  • No dividend with 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 mobile banking, online banking and e-statements
Achievers Club Savings (Under Age 19) IRA Savings
  • Minimum to open: $5
  • Dividends paid on daily balance to $0
  • Six free withdrawals; $0.50 thereafter
  • No monthly fee
  • No Columbia ATM fee on 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 anytime
  • Free mobile banking, online banking and e-statements
Columbia offers three IRA programs: Traditional, Roth and Coverdell Education Savings Account

  • Minimum to open: $5
  • Dividends paid on 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.

Money Market Account Income Checking
  • Minimum to open: $1,500
  • Tiered yields. Dividends paid on daily balance to $0
  • No monthly fee with $1500 minimum balance; otherwise $8 per month
  • Subject to transaction limitations as described in the membership and account agreement.
  • See Bonus Dividend Plan on rate and fee schedule.
  • Free mobile banking, online banking and e-statements
  • Minimum to open: $1
  • Dividends paid on daily balance to $0
  • No monthly fee with direct deposit or $500 minimum balance otherwise, $7 per month
  • Unlimited withdrawals
  • Free mobile banking, online banking, bill pay and e-statements
Free For All Checking Bonus Checking
  • Minimum to open: $1
  • No dividends paid
  • No monthly fee
  • No minimum balance
  • Unlimited withdrawals
  • Free mobile banking, online banking, bill pay and e-statements
  • 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 mobile banking, online banking, bill pay and e-statements
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 mobile banking, online banking, bill pay and e-statements
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 mobile banking, online banking, bill pay and e-statements


Important Account Information

  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. The Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce the stated APY.  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. 
  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 daily balance method. Dividends are calculated daily based on the ending balance. On the last calendar day of the month, accrued dividends are totaled and then credited to the account.
  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. If you exceed these limitations, the transaction may be returned, unpaid, and your accounts may be subject to a fee or closure.
  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 principal.
    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: Regular and IRA Certificates are automatically renewable accounts. Upon maturity, accounts automatically renew for the same term unless otherwise noted. 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 account owner, except obligations with Columbia Credit Union.
  12. Fees for Overdrawing Accounts Fees may be imposed on each check, draft, item, ATM withdrawal, debit card point of sale purchase, preauthorized automatic debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance. The entire balance in your account may not be available for withdrawal, transfer or paying a check, draft or item. You may consult the Funds Availability Policy for information regarding the availability of funds in your account. Fees for overdrawing your account may be imposed for each overdraft, regardless of whether we pay or return the draft, item or transaction. If we have approved an overdraft protection limit for your account, such fees may reduce your approved limit. Please refer to the Fee Schedule for current fee information.

Except as specifically described, the Important Account Information apply to all accounts. If you have questions or require current rate information on your accounts, please contact the Credit Union.