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F E E S S C H E D U L E
Please refer to your Tech Credit Union
account disclosures for complete account service fee information. Fees may change without notice.
Money Market Savings Account Fees
| Effective: March 1, 2005 |
| Excessive withdrawals (after 3 per month) |
$2.00 each |
| Account Reopen (within 6 mo. of close) |
$20.00 |
| Dormant Account |
$5.00 year |
| Inactive Account (no transactions in 2 yrs, less than $100 balance, 23 years or older, no other services) |
$2.00 month |
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Checking Account Fees
| Effective: March 1, 2005 |
| Overdraft fee-transfer (per day) |
$2.00 |
| Check copy - cleared within 90 days |
$2.00 each |
| Check copy - cleared 90 days + |
$5.00 each |
| NSF item returned/honored |
$25.00 |
| Stop payment |
$20.00 |
| Check purchases |
Per design & quantity |
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Bill Pay Service Fees
| Effective: January 1, 2007 |
| Service fee (if 1 or more payments are made during month) |
FREE |
| Inactivity fee (if no payments are made during month) |
$4.25 month |
| NSF item returned (credit union charge) |
$25.00 |
| NSF (payment processor) |
$25.00 |
| Stop Pay |
$25.00 |
| Copy Cleared Check |
$2.50 each |
Scanned Bills (when available) |
$1.00 each |
Year-end CD (when available) |
$25.00 plus shipping |
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Debit & ATM Card Fees
| Effective: March 1, 2005 |
| Withdrawal / Transfer (non-Tech ATM) |
$.75 |
| Replacement Debit / ATM card |
$2.00 |
| Replacement PIN |
$2.00 |
Foreign Currency Conversion (Debit card) |
1.0% of transaction |
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IRA Account Fees
| Effective: March 1, 2005 |
| Initial set-up |
$8.00 |
| Annual maintenance |
$5.00 |
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Safe Deposit Box Annual Rental (Crown Point & East Chicago)
| Effective: March 1, 2005 |
| 3x5 |
$18.00 |
| 3x10 |
$22.00 |
| 5x10 |
$30.00 |
| 10x10 |
$45.00 |
| Key deposit |
$5.00 |
| Box drilling |
$100.00 |
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Miscellaneous Fees
| Effective: March 1, 2005 |
| Tech CU ID Card replacement |
$2.00 |
| NSF Item returned/honored |
$25.00 |
| EFT/ACH stop payment |
$20.00 |
| Account reconciliation |
$20.00 per hour |
| Statement copy |
$.50 per pg / $2.00 min. |
| Wire transfer (out) |
$15.00 |
International Wire transfer (out) |
$50.00 |
| Money order |
$1.50 |
| Travelers Cheques |
$1.00 per $100 |
| Travelers Cheques for two |
$1.50 per $100 |
| Visa Gift Card set-up |
$4.00 each |
| Deposited item returned |
$10.00 |
| Garnishment |
$25.00 |
Check cashing* |
$2.00 |
Service Center Transaction** |
$2.00 each |
Coin Counter (self service) |
2% of total counted |
*Check cashing fee applied at time of check cashing if combined deposit and loan balances are less than $500.00 during the month.
**Fee per transaction conducted at a Credit Union Center located within 3 miles of a Tech CU branch during the hours that branch is open.
NOTE: Fees may reduce earnings. Substantial penalty for early withdrawal on certificates. "APY" refers to Annual Percentage Yield. There is a minimum balance of $1000.00 for certificate of deposits.
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Deposit Account Dividend Rates
| Individual Retirement Account, Education Savings Account and Premier Money Market rates are as of September 3, 2008. "APY" refers to Annual Percentage Yield. Money Market Savings & Health Savings Account: dividends paid are determined by the amount of deposit balance within each rate tier. Dividends are calculated by the daily balance method and are compounded and credited monthly. The Board of Directors declare dividend rates at their regular monthly meeting. Premier Money Market: entire account balance earns the dividend rate associated with the balance tier level attained. Dividends are calculated by the daily balance method and are compounded and credited monthly. Rates may change weekly.
|
| TYPE |
Amount |
Dividend Rate |
APY |
| Money Market Savings |
$0.00 - $24.99 |
0.00% |
0.00% |
|
$25 - $999.99 |
0.125% |
0.125% |
|
$1,000 - $4,999.99 |
0.25% |
0.25% |
|
$5,000 - $9,999.99 |
0.50% |
0.50% |
|
$10,000 - $24,999.99 |
0.75% |
0.75% |
|
$25,000 - $49,999.99 |
1.00% |
1.00% |
|
$50,000 & Over |
1.25% |
1.26% |
| Premier Money Market |
$0.00 - $9,999.99 |
0.00% |
0.00% |
|
$10,000 - $24,999.99 |
1.15% |
1.16% |
|
$25,000 - $49,999.99 |
1.30% |
1.31% |
|
$50,000 - $99,999.99 |
1.50% |
1.51% |
|
$100,000 & Over |
1.75% |
1.76% |
| Health Savings Account |
$0.00 - $24.99 |
0.00% |
0.00% |
|
$25 - $999.99 |
0.125% |
0.125% |
|
$1,000 - $4,999.99 |
0.25% |
0.25% |
|
$5,000 - $9,999.99 |
0.50% |
0.50% |
|
$10,000 - $24,999.99 |
0.75% |
0.75% |
|
$25,000 - $49,999.99 |
1.00% |
1.00% |
|
$50,000 & Over |
1.25% |
1.26% |
| Individual Retirement Account
|
|
3.00% |
3.04% |
| Individual Retirement Account - 36 Month Certificate
|
|
3.35% |
3.40% |
| Education Savings Account
|
|
3.00% |
3.04% |
| Christmas Club
|
|
1.25% |
1.26% |
| Special Savings
|
|
1.25% |
1.26% |
| Preference Savings
|
|
1.25% |
1.26% |
| Checking
|
|
0.00% |
0.00% |
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Certificate of Deposit (CD) Dividend Rates
| Dividend rates as of September 3, 2008. “APY” refers to Annual Percentage Yield. Dividends are calculated by daily balance method and are credited monthly. Penalty imposed for early withdrawal. CDs with “bump rate” option provide one rate adjustment to current rate being paid; new rate is earned from date of rate change to original maturity. CDs available as “compound” CDs provide greater earnings by compounding dividends until maturity. Interest Advance CD requires $10,000 minimum deposit (collected funds) to open and pays dividend earnings at time of opening. Regular & Premium CDs require a $1,000 minimum deposit. Jumbo CDs require $100,000 minimum deposit. |
| TYPE |
Term |
Dividend Rate |
APY |
Compound
CD APY |
| Regular |
91 day |
1.75% |
1.75% |
1.76% |
|
26 week |
2.75% |
2.75% |
2.78% |
|
12 month |
3.00% |
3.00% |
3.04% |
|
12 month Interest Advance |
3.00% |
3.00% |
N/A |
|
18 month |
3.15% |
3.15% |
3.20% |
|
36 month |
3.35% |
3.35% |
3.40% |
|
48 month bump rate |
3.45% |
3.45% |
3.51% |
| Premium* |
91 day |
2.00% |
2.00% |
2.02% |
|
26 week |
3.00% |
3.00% |
3.04% |
|
12 month |
3.25% |
3.25% |
3.30% |
|
18 month |
3.40% |
3.40% |
3.45% |
|
36 month |
3.60% |
3.60% |
3.66% |
|
48 month bump rate |
3.70% |
3.70% |
3.76% |
| Jumbo |
91 day |
2.00% |
2.00% |
2.02% |
|
26 week |
3.00% |
3.00% |
3.04% |
|
12 month |
3.25% |
3.25% |
3.30% |
|
48 month bump rate |
3.70% |
3.70% |
3.76% |
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* Premium CD rates are available to members who have combined deposit
and loan service balances of $25,000 or more (excluding Premium CDs); or to members who are 60 years or older and maintain a $5,000 balance in Money
Market Savings.
Tech Credit Union
is prohibited from paying dividends in excess of earnings. Dividends are paid
from current income and available earnings, after required transfers to reserves
at the end of a dividend period.
Call us toll-free
at 1-800-276-8324 for Truth-in-Savings account disclosure information, or if you
have questions regarding Tech Credit Union accounts.
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