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Deposit Accounts:
Your savings federally insured
to at least $250,000 and backed by the full faith and credit of the
United States Government.
|
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Checking |
Savings |
CD |
IRA |
| Minimum Opening
Balance |
$0 |
$100 |
$5,000 |
$100 |
|
Dividend Bearing Account |
Yes |
Yes |
Yes |
Yes |
| Minimum Balance for
Dividends to be Paid |
$500 |
$100 |
$5,000 |
$100 |
| Dividends Paid
Frequency |
Monthly |
Quarterly |
Quarterly (1) |
Quarterly |
| Fixed Rate Account |
No |
No |
Yes |
No |
| Number of
Withdrawals Per Month |
Unlimited |
6 |
N/A |
N/A |
| Overdraft Protection
(2) |
Yes |
N/A |
N/A |
N/A |
| ATM Access Worldwide |
Yes |
Yes |
N/A |
N/A |
| No-Fee ATM Access
(3) |
Yes |
Yes |
N/A |
N/A |
| VISA Debit Card
Access |
Yes |
N/A |
N/A |
N/A |
| Free Home Banking
Access |
Yes |
Yes |
Yes |
N/A |
| Free Bill Payer
Service (4) |
Yes |
N/A |
N/A |
N/A |
| Free 24-hour
Telephone Teller Access |
Yes |
Yes |
Yes |
N/A |
| Service Fees |
No Fees |
No Fees |
No Fees |
$20 (5) |
| Account Statement
Frequency |
Monthly |
Quarterly |
Quarterly |
Quarterly |
(1) Dividends paid monthly upon request for
accounts over $90,000
(2) Overdraft protection available on approved
credit
(3) No transaction fees at any Bank of the West
ATM locations
(4) Bill Payer service is provided at no charge
for individual accounts. Business accounts are $15/month for
unlimited use.
(5) Annual maintenance fee of $20 waived for accounts with balances
of $10,000 or more and an active checking account.
Certificates of Deposit:
Deposits in the amount of $5,000 or greater can
be placed in a certificate for 6, 12, 18, 24 or 36 months. Dividends
are not compounded.
Please call for current rates as they change every Tuesday.
Click here for branch locations
and contact information >>>
IRA Accounts:
Individual Retirement Accounts offer income tax
deferred savings and come in the form of regular savings and time
certificates.
Fixed Rate
IRA Investment:
Recommended for lump-sum depositors or investors who want fixed rates
guaranteed until maturity.
- Fixed rate, dividends are not compounded
- The minimum opening deposit is $5,000
- Maximum annual contribution cannot exceed
$5,000 or $6,000 for members over 50 years of age.
- Quarterly account statements
- Maturity: up to three years
- Early withdrawal penalties may apply
Variable Rate IRA Investment:
Recommended for first-time IRA investors,
rollover IRA investors or depositors who prefer to make smaller
installments.
- Variable rate, compounded daily
- The minimum opening deposit is $100
- Additional deposits are $50 minimum
- Automatic deposit option available
- Maximum annual contribution cannot exceed $5,000
or $6,000 for members over 50 years of age.
- Quarterly account statements
- No maturity
Member accounts are insured up to $250,000 by
the National Credit Union Administration.
Click
here for more details>>>
USA Patriot Act:
You Can Help Us in the War on Terror
The USA Patriot Act requires credit unions to
take extra security precautions to help the government fight the
funding of terrorism and money laundering activities. Federal law
requires all financial institutions to obtain, verify, and record
information that identifies each person who opens an account. These
new procedures are designed to prevent crimes, such as identity theft
and account fraud that terrorists commit to finance their operations
against the U.S. and it's citizens.
Your Understanding and Cooperation Are
Appreciated.
When an account is opened or changed, you will
be asked for your name, address, date of birth, and other information
that will allow us to identify you. We may also ask to see your
driver’s license or other identifying government issued documents.
The definition of an account covers a broad range of regular
financial transactions such as deposit, transaction, asset, or credit
accounts or other extension of credit. The required verification may
be inconvenient for some, but a strong deterrent for terrorists and
other criminals.
You can rest assured that we that we will only
request the information required by the law and that we will use the
information only for purposes of complying with the law. Your privacy
is our top concern, and we will respect and protect it as always,
consistent with the law’s requirements.
Thank you for your understanding and help in this
critical effort. The war on terrorism will be fought on many fronts,
and this is one of them. |
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