Wellby Savings Plus

ACCRUAL OF DIVIDENDS. For all dividend earning accounts, interest will begin to accrue on the business day that non-cash items (i.e., checks) are deposited to the account. If you close your account before interest is paid, you will not receive the accrued interest.

BONUS RATE: To qualify for the double-the-rate Bonus APY on your Wellby Savings Plus account, you must have an active Wellby Secure Spending (checking) account and complete eight (8) combined eligible debit and/or credit card Point-of-Sale (POS) transactions of $1.00 or more that post during the applicable qualification period. A transaction is considered a POS transaction when you use your debit or credit card online, or physically at a POS register via tap, swipe, or insert. The qualification period is effective from the first day through the last day of the following calendar month and is recalculated monthly based on the prior month’s qualifying transactions.

*APY = Annual Percentage Yield.

BONUS RATE: To qualify for the double-the-rate Bonus APY on your Wellby Savings Plus account, you must have an active Wellby Secure Spending (checking) account and complete eight (8) combined eligible debit and/or credit card Point-of-Sale (POS) transactions of $1.00 or more that post during the applicable qualification period. A transaction is considered a POS transaction when you use your debit or credit card online, or physically at a POS register via tap, swipe, or insert. The qualification period is effective from the first day through the last day of the following calendar month and is recalculated monthly based on the prior month’s qualifying transactions.

ACCRUAL OF DIVIDENDS. For all dividend earning accounts, interest will begin to accrue on the business day that non-cash items (i.e., checks) are deposited to the account. If you close your account before interest is paid, you will not receive the accrued interest.

MINIMUM BALANCE REQUIREMENTS. The minimum balance requirements may include a minimum opening deposit, the minimum balance you must maintain in the account to avoid service fees, and the minimum balance that you must maintain each day to earn the stated Annual Percentage Yield (APY) for that account. The Par value of a share in this credit union is disclosed in the Fee Schedule.

BALANCE COMPUTATION METHOD. We use the Daily Balance to calculate interest on your account. The Daily Balance Method applies a daily periodic rate to the full amount of principle in the account each day.