Rates   [Liberty Online Member Ordering]

• In credit unions, checking accounts are called �Share Draft Accounts�, but work just like a checking account anywhere else. The difference is the low fees charged and the interest bearing account.
• The minimum deposit to open a CHECKING account is $25.
• The service fee is only $4 per month, if the balance drops below $500 on any day of the month.
• The NSF fee is only $25.
• The Classic account is interest bearing and is paid on the average daily balance each month, if the balance stays above $500.
• Duplicate checks are used by our account holders. This helps keep track of who the checks are written to and the amount.
• Monthly statements are provided that lists the number and amount of each check, as well as any fees and debit card transaction identification.
• For those times when mistakes are made on a Share Draft account, OVERDRAFT PROTECTION is available from a transfer from savings and/or a pre-arranged loan for this purpose.

Regular Shares - Rates

• In Credit Unions, the savings account is called the Regular Shares account. In other financial institutions, this account may be referred to as a �passbook� or �statement� account.
• The minimum deposit of $5 is all it takes to open your membership account at HHCU. Interest (Dividends) are paid on the daily balance method and compounded quarterly. A minimum balance of $25 is required to earn dividends. Your money earns "from day in to day out".
• These shares can be deposited in person, by mail, or direct deposit from your paycheck (if your employer offers this service).
• These shares can be used as collateral to secure loans at a more favorable rate than other types of loans. And the shares continue to earn dividends while the loan is being repaid.
• These shares can be used as a source for overdraft protection for a HHCU share draft (checking) account. These funds can also be moved to any other account you have to fund loan payments or to be added to the share draft account.

Christmas Club - Rates

• This is a special account that can be accumulated for a year and be used for any special purpose, such as holiday expenses or vacation, or to make a special purchase. No withdrawals can be made during the year. If necessary, the account can be closed during the year, or simply add no further deposits that year. Checks for the balance are distributed on November 1st of each year. Balances can be left on deposit, if desired.

Certificate Of Deposit - Rates

• Youth Starter CD. This is a 12 month Certificate of Deposit (CD), minimum $1000, for members 18 years of age and younger, with a promotional rate of 1.90% APR. This rate applies only to new CD�s. We may change this promotional rate at any time without prior notice.
• The minimum deposit to open a Certificate of Deposit (CD) is $2500. The interest (Dividends) are paid and compounded quarterly. The terms currently offered are Six Months, Twelve Months, Fifteen Months, Eighteen Months, Twenty-Four Months and Thirty-Six Months.
• The rate at which the CD is issued will be paid the entire term of the CD. However, the rates being offered for new CD�s can be changed at any time by the Board of Directors. There is a penalty for early withdrawal.

IRA Deposit - Rates

• These accounts earn at a tax deferred rate of interest. The interest is paid on the daily balance method and is paid and compounded quarterly. The deposits to these accounts may be tax deductible or may be after tax deposits. Both types of deposits earn at the tax deferred rate. There have been recent tax law changes that allow more deposits for some families. Withdrawals are controlled by IRS rules pertaining to IRA�s.
• These accounts are not placed in a certificate of deposit, but usually earn HHCU�s one year certificate rate of interest on a day-in to day-out basis, paid and compounded quarterly.
• IRS rules stipulate a penalty in withdrawals are made before age 59 1/2 . Mandatory withdrawals must begin by age 70 1/2.
• We have both ROTH and traditional IRAs available.

Share Draft (Checking) Accounts rates are calculated on average daily balance, paid and compounded monthly. All other deposit accounts are calculated on the actual daily balance, paid and compounded quarterly. Rates are subject to change at any time by the Board of Directors.