Eagle Federal Offers a Variety of Savings Accounts
This page is provided to give our members a brief summary of services. For complete information about these accounts, please contact our member service department.
Dividend Rates as of March 27, 2008
Min. to earn Dividend
1.25%
0.75%
quarterly
quarterly
25,000.00
7,500.00
100.00
100.00
0.50%
monthly
5,000.00
1,000.00
DEPOSITS:*APY is Annual Percentage Yield. **APR is Annual Percentage Rate. Rates are subject to change without notice. Not all rates and terms are shown. Contact us for current rates and terms of other conditions or limitations. Dividends compound if allowed to remain in account.
Share, IRA & Club Account Dividends are declared quarterly at the end of the quarter. Rates quoted are for the previous quarter.
Dividends compounded and credited quarterly
Payroll deduction or direct deposit availability
Earn a competitive dividend on average daily balances of $100 or more
Funds can be used to secure a loan at reduced rates
CLUB ACCOUNTS
Design your own CLUB ACCOUNT. Club type savings accounts allow members to set aside money in separate savings accounts usually for special annual expenses such as Taxes, Back-to-School, and Vacations. Contact us for complete information. Features include:
Members can establish up to five designer club accounts to fit their own personal needs.
Disbursement of funds can be tailored to members specific needs
Each account is allowed one free disbursement per calendar year. Additional disbursements are assessed a $5.00 fee.
Dividends are compounded quarterly and paid quarterly calculated using the average daily balance method. There is no minimum balance required to earn a dividend.
PREMIUM ACCOUNTS
Combine our regular share accounts with a checking account, and you have the Premium Account. Call us for complete details. Features include:
First 16 printed checks are free when checks are ordered through Eagle Federal and ordered at the time the account is opened.
Dividend earning checking account
Dividends compounded and paid monthly
No monthly service charge unless average daily balance falls below $1,000, then a $5.00 service charge is assessed.
Minimum average daily balance to earn dividend $1,000
Overdraft protection from share account or VISA
No limit on number of checks written
Option to receive canceled checks for $2.50 monthly fee.
Savings Disclosure Information
Nature of Dividends
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Dividend rates are declared periodically and are subject to change.
Average Daily Balance Computation Method
Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use to make this calculation is monthly.
Effect of Closing an Account
If you close your account before dividends are paid, you will not receive the accrued dividends.
Fees and Other conditions may reduce the earnings on Savings, Premium, and Certificate accounts.
Certificate and Club Account Penalty
Penalty may be imposed for early withdrawals.
Other terms and limitations may apply to these accounts. You may obtain a current copy of the "Terms and Conditions" brochure by contacting the credit union office.
Need a copy of the "Terms and Conditions" brochure ? E-mail us a request.
Your savings federally insured to at least $100,000 and backed by
the full faith and credit of the United States Government. National
Credit Union Administration, a U.S. Government Agency.