![]() All accounts are subject to approval.ġAPR = Annual Percentage Rate. A $50 minimum deposit is required to open a University Checking Account. ![]() To establish a UCU Membership, you must deposit at least $5 to a Regular (Share) Savings Account. Rate subject to change after account opening and may vary based on qualifications met at month end. Fees could reduce the earnings on the account. APY is accurate as of the last dividend declaration date. Dividends are disbursed monthly into the active University Checking Account. Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account at the end of each day. Secondary University Checking Accounts not eligible to earn APY. If the requirements are not met, then no dividend is earned. Qualifying University Checking Accounts are defined as having at least 25 transactions per month (includes transactions made with both debit and credit cards) and enrollment in eStatements. Balances above $25,000 will be paid at the regular checking rate. Qualifying University Checking Accounts will earn 1.00% APY in dividends on balances up to $25,000. Multiple loans in the same category count for only 1.00% APY in dividends. All accounts must be in good standing with no delinquency or bankruptcy pending. Account does not earn dividends if there is a $0 balance in a HELOC at the end of the month. Credit card must be active, have at least one monthly transaction (excludes balance transfers and cash advances), and be enrolled in credit card eStatements to qualify for the extra 1.00% APY in dividends. *APY = Annual Percentage Yield. To earn up to 5.00% APY, member must have a qualifying University Checking Account.
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