GLATCO CU
53 S. Main St
Spring Grove, PA
(717) 225-4548
Share Accounts
Glatco Credit Union offers several types of share savings accounts for different needs.
Share Savings Account
Members are required to open and maintain a share savings account with an opening balance requirement of $20. Your dividends are credited and compounded quarterly on your daily balance. All rates effective as of July 1, 2010.
| Annual Percentage Yield | 0.30% APY |
| Dividends Compounded | Quarterly |
| Dividends Credited | Quarterly |
| Dividend Period | Calendar Quarter |
| Minimum Opening Deposit | $20.00 |
| Minimum Balance to Avoid Service Charge | N/A |
| Minimum Balance to earn the Stated APY | N/A |
| Balance Method | Daily Balance |
Certificates of Deposit
A Certificate of Deposit is a great way to invest for the future. Dividends are credited and compounded quarterly on your daily balance. Rates are subject to change. Check with the credit union for current rates.
| Term | Minimum Balance to open and earn stated APY |
Annual Percentage Yield (APY) |
| 6 Months | $2,500 | 0.50 % |
| 12 Month | $500 | 0.85 % |
| 12 Month Special | $10,000 | 0.85 % |
| 24 Month | $500 | 1.30% |
| 36 Month | $500 | 1.75 % |
Christmas Club Accounts
A Christmas Club Account is a great way to save for holiday expenses. You may open a Christmas Club at anytime during the year with no minimum balance requirement. Make regular deposits to your Christmas club as a way to save for holiday expenses. Your dividends are compounded and credited quarterly on your daily balance. In October, after the final credit of dividends to your account, we'll distribute the account balance to either your Glatco CU Share or Share Draft account. You also have the option to receive a check through the mail.
| Annual Percentage Yield | 0.30% APY |
| Dividends Compounded | Quarterly |
| Dividends Credited | Quarterly |
| Dividend Period | Calendar Quarter |
| Minimum Opening Deposit | N/A |
| Minimum Balance to Avoid Service Charge | N/A |
| Minimum Balance to earn the Stated APY | N/A |
| Balance Method | Daily Balance |
Vacation Club Accounts
A
Vacation Club Account is a great way to save for that trip of a lifetime.
You may open a Vacation Club at anytime during the year with no minimum
balance requirement. Make regular deposits to your Vacation Club
throughout the year. Your dividends are compounded and credited
quarterly on your daily balance. You tell us when you'd like to
receive the funds and how much you'd like to receive and we'll distribute
that amount to your Glatco CU Share or Share Draft account or mail you
a check directly to you.
| Annual Percentage Yield | 0.30% APY |
| Dividends Compounded | Quarterly |
| Dividends Credited | Quarterly |
| Dividend Period | Calendar Quarter |
| Minimum Opening Deposit | N/A |
| Minimum Balance to Avoid Service Charge | N/A |
| Minimum Balance to earn the Stated APY | N/A |
| Balance Method | Daily Balance |
IRA Accounts
We
offer Individual Retirement Accounts (IRAs) that can provide you with
a comfortable nest egg when you retire. Rules for deposits and
withdrawals are subject to federal regulations. There is no minimum
balance to open this type of account, and automatic deposits are available.
Your dividends are compounded and credited quarterly on your daily balance.
| Annual Percentage Yield |
1.508% APY |
| Dividends Compounded | Quarterly |
| Dividends Credited | Quarterly |
| Dividend Period | Calendar Quarter |
| Minimum Opening Deposit | $25.00 |
| Minimum Balance to Avoid Service Charge | N/A |
| Minimum Balance to earn the Stated APY | $25.00 |
| Balance Method | Daily Balance |
Additional Truth-In-Savings Disclosure Information
Share Accounts
The dividend rate and annual percentage yield for Share Accounts, Club Accounts, and IRA Accounts may change at any time, as determined by the credit union board of directors.
Dividends will be compounded and credited to your account every calendar quarter. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Dividends will begin to accrue on the business day you place non-cash items (for example, checks) to your account.
For a complete disclosure of all terms and conditions associated with a deposit account, please request a copy of "Important Account Information for Our Members".
|
|
|
|
