ConocoPhillips Credit Union
Business Dividend Rates
Effective February 24, 2010
| TYPE/TERM |
ANNUAL PERCENTAGE YIELD |
DIVIDEND RATE |
MINIMUM BALANCE |
DIVIDEND COMPOUNDED |
| Share (Savings) |
.50% |
.75% |
$25.00 |
MONTHLY |
| Advantage Checking |
0.00% |
0.00% |
$0.00 - $4,999 |
MONTHLY |
| .50% |
.50% |
$5,000 - $9,999 |
MONTHLY |
| .75% |
.75% |
$10,000 - $24,999 |
MONTHLY |
| 1.00% |
1.00% |
$25,000+ |
MONTHLY |
| Performance Fund (Money Market) |
$1,000.00 |
MONTHLY |
| $0 - $999 |
0.20% |
0.20% |
|
|
| $1,000 - $4,999 |
0.50% |
0.50% |
|
|
| $5,000 - $9,999 |
0.60% |
0.60% |
|
|
| $10,000 - $24,999 |
0.70% |
0.70% |
|
|
| $25,000 - $49,999 |
0.80% |
0.80% |
|
|
| $50,000 - $74,999 |
0.90% |
0.90% |
|
|
| $75,000+ |
1.00% |
1.00% |
|
|
| Performance Plus (Money Market) |
$1,000.00 |
MONTHLY |
| $0 - $999 |
0.20% |
0.20% |
|
|
| $1,000 - $2,499 |
0.50% |
0.50% |
|
|
| $2,500 - $9,999 |
0.65% |
0.60% |
|
|
| $10,000 - $24,999 |
0.80% |
0.80% |
|
|
| $25,000 - $49,999 |
0.90% |
0.90% |
|
|
| $50,000 - $99,999 |
1.00% |
1.00% |
|
|
| $100,000+ |
1.10% |
1.09% |
|
|
| Advantage Money Market |
$0-$49,999 |
Monthly |
| $0 - $49,999 |
0.50% |
0.50% |
|
|
| $50,000 - $99,999 |
1.06% |
1.05% |
|
|
| $100,000 - $199,999 |
1.15% |
1.14% |
|
|
| $200,000+ |
1.20% |
1.19% |
|
|
| Share Certificates |
| *91 Days |
0.90% |
0.90% |
$500.00 |
QUARTERLY |
| 182 Days |
1.15% |
1.15% |
$500.00 |
QUARTERLY |
| 12 Months |
1.30% |
1.29% |
$500.00 |
QUARTERLY |
*91 Days not available for IRAs
This rate and fee schedule is accurate as of this today. Rates and fees are subject to change. If you have questions regarding the rate and fee information, please contact the Credit Union at (800) 897-6991.
|
DIVIDEND INFORMATION |
Savings & Money
Market Accounts |
Dividends
Compounded |
Dividends
Credited |
Dividends
Period |
| Business Savings |
Monthly |
Monthly |
Calendar
Month |
| Business Sub Savings |
Monthly |
Monthly |
Calendar
Month |
| Business Performance Fund |
Monthly |
Monthly |
Calendar
Month |
| Business Performance Plus |
Monthly |
Monthly |
Calendar
Month |
Advantage Business Money Market
(Advantage Business Checking Required) |
Monthly |
Monthly |
Calendar
Month |
|
BALANCE REQUIREMENTS |
|
Minimum
Opening
Deposit |
Minimum
to Avoid
Service Fee |
Minimum
to Earn
Stated APY |
| Business Savings |
$25.00 |
$25.00 |
$0.00 |
| Business Sub Savings |
$0.00 |
$0.00 |
$0.00 |
| Business Performance Fund |
$1,000.00 |
$0.00 |
Tiered |
| Business Performance Plus |
$1,000.00 |
$1,000.00 |
Tiered |
Advantage Business Money Market
(Advantage Business Checking Required) |
$10,000.00 |
$10,000.00 |
Tiered |
* Christmas Club Account funds are available from November 1 – December 31. Early withdrawals will be charged a fee of $10.00.
|
DIVIDEND INFORMATION |
| Checking Accounts |
Dividends
Compounded |
Dividends
Credited |
Dividends
Period |
| Small Business |
N/A |
N/A |
Calendar
Month |
| Traditional Business |
N/A |
N/A |
Calendar
Month |
| Advantage Business |
Monthly |
Monthly |
Calendar
Month |
|
BALANCE REQUIREMENTS |
|
Minimum
Opening
Deposit |
Minimum
to Avoid
Service Fee |
Minimum
to Earn
Stated APY |
| Small Business |
$100.00 |
$0.00 |
N/A |
| Traditional Business |
$100.00 |
$1,000.00 |
N/A |
| Advantage Business |
$5,000.00 |
$5,000.00 |
Tiered |
|
ACCOUNT FEATURES |
|
Number of
FREE drafts
per month* |
Number of
FREE deposits
per month* |
| Small Business |
75 |
25 |
| Traditional Business |
150 |
50 |
| Advantage Business |
200 |
100 |
* The cost per item over the limit is $0.25.
| dividend tiers |
| Advantage Business Checking, Business Performance Fund, Business Performance Plus and Advantage Business Money Market accounts earn dividends according to the following tiers: |
| advantage business checking |
advantage business
money market |
$0.00 – $4,999
$5,000 – $9,999
$10,000 – $24,999
$25,000+ |
$0.00 – $49,999
$50,000 – $99,999
$100,000 – $199,999
$200,000+ |
|
| business performance fund |
business performance plus |
$0.00 – $999
$1,000 – $4,999
$5,000 – $9,999
$10,000 – $24,999
$25,000 – $49,999
$50,000 – $74,999
$75,000+ |
$0.00 – $999
$1,000 – $2,499
$2,500 – $9,999
$10,000 – $24,999
$25,000 – $49,999
$50,000 – $99,999
$100,000+ |
|
| FEE SCHEDULE |
| SAVINGS ACCOUNT FEES |
| Service charge fee |
$2.00 per month if minimum balance is not maintained |
| Savings account closing fee |
$10.00 if account closing fee is opened less than six months |
| MONEY MARKET ACCOUNT FEES |
| Performance Plus service charge |
$10.00 per month if average daily balance is below $1,000.00 |
| Excessive draft fee |
$10.00 per draft after three drafts per month |
| Performance fund drafts |
Prices vary for pre-printed drafts |
| CHECKING ACCOUNT FEES |
| Check printing |
Prices vary depending on style |
Traditional Business
account service charge |
$10.00 per month if average daily balance is below $1,000.00. |
Advantage Business
account service charge |
$8.00 per month if service charge average daily balance is below $5,000.00 |
| Debit card replacement |
First replacement card is free, $10.00 for each subsequent card |
| Temporary checks |
$2.00 per book |
| OTHER SERVICE FEES (Apply to all accounts) |
Online banking:
eBranch, ePay
& eStatements |
FREE |
| Mobile banking |
FREE |
| Account reconciliation |
$20.00 per hour |
| Account research |
$20.00 per hour |
| Statement copy |
$3.00 per copy |
| Canceled check copy fee |
$1.00 per copy |
| Deposited item return |
$3.00 per item |
| Domestic wire transfer |
$17.00 per transfer |
| International wire transfer |
$40.00 per transfer |
| Service wire |
$5.00 per wire |
| Cashier's check |
$3.00 per check |
| ATM card |
$3.00 per month |
| ATM balance inquiry |
$1.00 per inquiry |
| ATM surcharge |
$1.00 per transaction for savings-only holders |
| Insufficient funds fee |
$25.00 per item |
| Courtesy Pay Fee |
$25.00 per item |
| Stop payment fee |
$25.00 per item |
| Overdraft transfer fee |
$1.00 per transaction |
| Garnishments/tax levy |
$20.00 per item |
| Incoming collection items |
$10.00 per item |
| Collection items |
$10.00 per item |
| Dormant account* |
$2.00 per month |
| Check-by-Phone |
$10.00 per check |
| Verification of deposit |
$10.00 per item |
| Undeliverable mail fee |
$10.00 after return of second statement |
| Money orders |
$2.00 per money order |
* Less than $100 and no activity for 12 months. Non-minor accounts only.
Balance method on Business Savings, Business Sub Savings, and Business Checking accounts is the average daily balance method. The average daily balance method applies a periodic rate to the average balance in the account for the dividend period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number
of days in the period.
Balance method on the Business Performance Fund, Business Performance Plus and the Advantage Business Money Market is the daily balance method. The daily balance method applies a daily periodic rate to the balance each day.
Limitations apply to the Business Savings, Business Sub Savings, Business Performance Fund, Business Performance Plus, and Advan-tage Business Money Market accounts. No more than six preauthorized, automatic or telephone transfers may be made from these accounts to another account of yours or to a third party in any month. No more than three of the six transfers may be made by draft to a third party.
The dividend rate and annual percentage yield may change at any time as determined by the Credit Union’s board of directors.
Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The dividend rates and annual percentage yield are the prospective rates and yield that the Credit Union anticipates paying for the applicable dividend period. Dividends begin to accrue on noncash items (i.e. checks) on the business day you make the deposit to your account. If you close your account before dividends are credited, accrued dividends will not be paid.
Share certificates are available with various terms. Minimum to open is $500.
Credit Union membership savings (Share) par value is $5.00.
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Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.