| SFCU |
May 8,
2008 |
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VARIABLE RATE SHARE ACCOUNTS |
| Sidney
Federal Credit Union |
Rates and APYs are
effective as of the date above |
| 42 Union Street |
All rates
are reviewed weekly and could change at anytime at the Credit Union
discretion. |
| Sidney, NY 13838 |
(Last
change for shares 3/01/08) |
| 607-967-7101 / 877-642-SFCU |
Type of Account |
Minimum |
Suffix |
Average
Daily Balance |
Dividend |
Annual |
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|
Balance |
|
required to obtain the |
Rate |
Percentage |
| With Branch Offices In: |
|
to Open |
|
Annual
Percentage Yield |
(APR) |
Yield (APY) |
|
Main Share |
$6.00 |
0 |
$100.00 |
0.50% |
0.50% |
| Bainbridge |
Par Value of Shares |
|
|
$500.00 |
0.50% |
0.50% |
| 16 South Main St |
for membership |
|
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$5,000.00
|
0.75% |
0.75% |
| Bainbridge, NY 13733 |
Escrow |
None |
1 |
None |
0.50% |
0.50% |
|
Christmas Club |
None |
2 |
None |
0.50% |
0.50% |
|
Money Management |
$2,500.00 |
3 |
$2,500.00
|
1.00% |
1.00% |
| Greene |
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$5,000.00
|
1.25% |
1.26% |
| 65 Genesee St |
|
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$10,000.00
|
1.50% |
1.51% |
| Greene, NY 13778 |
Insurance |
None |
4 |
None |
0.00% |
0.00% |
|
Vacation Club |
None |
5 |
None |
0.50% |
0.50% |
|
Tax Club |
None |
6 |
None |
0.50% |
0.50% |
| Hancock |
Extra Christmas Club |
None |
7 |
None |
0.50% |
0.50% |
| 494 West Main St |
Share Draft Checking |
None |
9 |
None |
0.00% |
0.00% |
| Hancock, NY 13783 |
Par Value
of Shares: Minimum required to open any account is the
purchase of a $5.00 par value of share in the Credit Union. |
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Fees: There is a $1.00 non-refundable membership fee when a main
share account is opened. |
| Norwich |
REGULAR
TERM SHARE CERTIFICATES |
| East River Rd & Rt 23 |
| Norwich, NY 13815 |
Last change
for certificates (5/8/08) |
|
Type of Certificate |
Type Code |
Term |
Minimum
Balance |
Dividend |
Annual |
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required to open and obtain |
Rate |
Percentage |
| Oneonta |
|
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the Annual Percentage Yield |
(APR) |
Yield (APY) |
| 75 Oneida Street |
Regular Fixed Rate |
91A |
91 Day |
$1,000.00
|
2.20% |
2.22% |
| Oneonta, NY 13820 |
|
6A |
6 Month |
$1,000.00
|
2.50% |
2.53% |
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9A |
9 Month |
$1,000.00
|
2.50% |
2.53% |
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12A |
12 Month |
$500.00 |
2.60% |
2.63% |
| Oneonta |
|
18A |
18 Month |
$500.00 |
2.60% |
2.63% |
| 53 Market Street |
|
24A |
24 Month |
$500.00 |
2.80% |
2.84% |
| Oneonta, NY 13820 |
|
30A |
30 Month |
$500.00 |
2.80% |
2.84% |
|
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36A |
36 Month |
$500.00 |
3.00% |
3.04% |
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48A |
48 Month |
$500.00 |
3.25% |
3.30% |
| Walton |
Variable Rate Adjustable |
12C |
12 Month |
$10,000.00
|
2.60% |
2.63% |
| Big M Plaza |
|
24C |
24 Month |
$10,000.00
|
2.80% |
2.84% |
| 3 Liberty St |
|
36C |
36 Month |
$10,000.00
|
3.00% |
3.04% |
| Walton, NY 13856 |
Once
a Variable Rate Adjustable certificate is opened, the rate will only change
upon your written request. These will |
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not
automatically renew at maturity and the balance will be transferred to the
share suffix you selected when opened. |
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The 12
month will allow for 1 change and the 24 or 36 month will allow for 2
changes. |
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The APY is
based on an assumption that dividends will remain on deposit until maturity. |
| Website: |
Dividends
are calculated by the average daily balance method. A penalty will be imposed
if a |
| www.sfcuonline.org |
withdrawal
is done prior to the maturity date. The penalty could result in a deduction
of principal. |
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All term
share certificates are subject to the following dividend penalties. |
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Terms of 91
days, 6 months, 9 months and 12 months are subject to a 30 day penalty of
dividends. |
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Terms of 18
months and 24 months are subject to a 90 day penalty of dividends. |
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Terms of 30
months, 36 months and 48 months are subject to a 180 day penalty of
dividends. |
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When opening a term share certificate certain
restrictions apply, see Par Value of Share and Fees above. |
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Ask About "Special" Rates for deposits of
$100,000.00 or more. |
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IRA Term
Share Certificates |
|
Last change
for IRA's (3/27/08) |
|
TYPE |
Type Code |
Term |
Minimum Balance |
Dividend |
Annual |
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required to open and obtain |
Rate |
Percentage |
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the Annual Percentage Yield |
(APR) |
Yield (APY) |
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TRADITIONAL IRA |
OII |
1 Month |
$5.00 |
0.50% |
0.50% |
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Fixed Rate |
91I |
91 Day |
$1,000.00 |
2.20% |
2.22% |
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6I |
6 Month |
$1,000.00 |
2.50% |
2.53% |
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9I |
9 Month |
$1,000.00 |
2.50% |
2.53% |
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12I |
12 Month |
$500.00 |
2.60% |
2.63% |
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18I |
18 Month |
$500.00 |
2.60% |
2.63% |
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24I |
24 Month |
$500.00 |
2.80% |
2.84% |
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30I |
30 Month |
$500.00 |
2.80% |
2.84% |
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36I |
36 Month |
$500.00 |
3.00% |
3.04% |
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48I |
48 Month |
$500.00 |
3.25% |
3.30% |
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ROTH IRA |
1R |
1 Month |
$5.00 |
0.50% |
0.50% |
|
Fixed Rate |
91R |
91 Day |
$1,000.00 |
2.20% |
2.22% |
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6R |
6 Month |
$1,000.00 |
2.50% |
2.53% |
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9R |
9 Month |
$1,000.00 |
2.50% |
2.53% |
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12R |
12 Month |
$500.00 |
2.60% |
2.63% |
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18R |
18 Month |
$500.00 |
2.60% |
2.63% |
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24R |
24 Month |
$500.00 |
2.80% |
2.84% |
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30R |
30 Month |
$500.00 |
2.80% |
2.84% |
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36R |
36 Month |
$500.00 |
3.00% |
3.04% |
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48R |
48 Month |
$500.00 |
3.25% |
3.30% |
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ROTH CONVERSION IRA |
1RC |
1 Month |
$5.00 |
0.50% |
0.50% |
|
Fixed Rate |
91RC |
91 Day |
$1,000.00
|
2.20% |
2.22% |
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6RC |
6 Month |
$1,000.00
|
2.50% |
2.53% |
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9RC |
9 Month |
$1,000.00
|
2.50% |
2.53% |
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12RC |
12 Month |
$500.00 |
2.60% |
2.63% |
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18RC |
18 Month |
$500.00 |
2.60% |
2.63% |
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24RC |
24 Month |
$500.00 |
2.80% |
2.84% |
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30RC |
30 Month |
$500.00 |
2.80% |
2.84% |
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36RC |
36 Month |
$500.00 |
3.00% |
3.04% |
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48RC |
48 Month |
$500.00 |
3.25% |
3.30% |
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Payroll Deduction available on 1 month term / No
set up fee or maintenance fees. |
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We accept Rollovers, Direct Rollovers from
Qualified Retirement Plans and Direct Transfer Contributions. |
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There will be no dividend penalty on IRA
Certificates if the IRA owner is 59 1/2 years of age or older. |
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There are no dividend penalties on the 1 month
certificate. |
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Coverdell
Education Savings Account |
|
Fixed Rate |
1ED |
1 Month |
$5.00 |
0.50% |
0.50% |
|
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91ED |
91 Day |
$500.00 |
2.20% |
2.22% |
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6ED |
6 Month |
$500.00 |
2.50% |
2.53% |
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9ED |
9 Month |
$500.00 |
2.50% |
2.53% |
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12ED |
12 Month |
$500.00 |
2.60% |
2.63% |
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18ED |
18 Month |
$500.00 |
2.60% |
2.63% |
|
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24ED |
24 Month |
$500.00 |
2.80% |
2.84% |
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30ED |
30 Month |
$500.00 |
2.80% |
2.84% |
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36ED |
36 Month |
$500.00 |
3.00% |
3.04% |
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48ED |
48 Month |
$500.00 |
3.25% |
3.30% |
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There are no dividend penalties on the 1 month
certificate. |
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See the Regular Term Share Certificate information
on the reverse side for dividend penalties. |
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Health
Savings Account |
|
Type of Account |
Minimum |
Suffix |
Average Daily Balance |
Dividend |
Annual |
|
|
Balance |
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required to obtain the |
Rate |
Percentage |
|
|
to Open |
|
Annual
Percentage Yield |
(APR) |
Yield (APY) |
|
Checking |
$5.00 |
8 |
$100.00 |
1.00% |
1.00% |
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$500.00 |
2.50% |
2.53% |
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$5,000.00 |
3.00% |
3.04% |
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