Access Credit Union Header
Disclosure Header

Truth-In-Savings Disclosure


Savings Account

Rate Information:
The dividend rate and annual percentage yield may change every month. We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and crediting - Dividends will be compounded every month. Dividends will be credited to your account every month.

Dividend period - For this account type, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31 All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of the dividend period, and for the example above is January 31.

Minimum balance requirements:
The minimum required to open this account is the purchase of a share in the credit union.  Please see the bylaw requirements in the Common Features section for additional information

You must maintain a minimum daily balance of $100.00 in your account to avoid a minimum balance fee If, during any monthly statement cycle, your daily balance is below the required minimum, your account will be subject to a minimum balance fee of $10.00 once during the monthly statement cycle This fee will not apply during the first 90 days your account is open. This fee will not apply if you are 18 years of age or younger. You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yield.

Daily balance computation method - Dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day.

Accrual of dividends on non-cash deposits - Dividends will begin to accrue on the business day you place non-cash items (for example, checks) to your account.

Transaction limitations:
During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card (if applicable), or similar order to a third party If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union.

Par value of a share:
The par value of a share in this account is $5.00.

Fees and charges:
An excess withdrawal fee of $1.00 will be charged for each withdrawal in excess of three during a calendar month.

Resource Center
Home Banking
About Us
Surcharge Free ATM's
Apply for a Loan Online
Auto Center
Hours and Locations
VISA Card Access
Access at Work Resource Center
Access Credit Union Home Link