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 Routing Number: 323276524
About your Checking Account
Account #:
Routing/ABA #: 323-276-524

Checking Accounts Rate Schedule and Disclosures

This Rate Schedule sets forth current conditions, and rates, applicable to your Checking Accounts at Northwest Community Credit Union at this time. The Credit Union may offer other rates or amend the rates contained in this Schedule from time to time.  Each account holder agrees to the terms set forth on this Rate Schedule and acknowledges that it is a part of the Membership and Account Agreement.
 

Checking rates Effective Since: September 26, 2017

AccountBalanceInterest RateAnnual Percentage Yield
  Northwest CheckingQualification met*0.30%0.30%
Qualification not met*0.00%0.00%
  Essential CheckingN/A0.000%0.00%
   Northwest Passage Checking$0 to $999.990.000%0.00%

*To meet the qualifications to earn interest on the Northwest Checking Account, you must meet all monthly qualifications: 1) Five (5) settled debit card transactions; 2) One (1) Direct Deposit or ACH Deposit; 3) One (1) login to Internet Banking OR Mobile Banking; and 4) active enrollment in eStatements.

Business Checking Current rates Effective Since: July 10, 2017

AccountBalanceInterest RateAnnual Percentage Yield
   Business Launch Checking$0.01 +0.000%0.00%
   Small Business Checking$0.01 to $999.990.000%0.00%
$1,000 to $9,999.990.100%0.10%
$10,000 +0.250%0.25%
   Regular Business Checking$0.01 to $2,499.990.100%0.10%
$2,500 to $9,999.990.120%0.12%
$10,000 to $24,999.990.220%0.22%
$25,000 to $49,999.990.270%0.27%
$50,000 to $99,999.990.320%0.32%
$100,000+0.369%0.37%

Truth-In-Savings Disclosures

Except as specifically described, the following disclosures apply to all checking accounts:

1.        Rate Information. The Interest Rate and Annual Percentage Yield on your Checking accounts are set forth above. The Annual Percentage Yield is a percentage rate that reflects the total amount of interest to be paid on an account based on the Interest Rate and frequency of compounding for an annual period. The Interest Rate for a particular tier will apply to the entire account balance if the account balance is within the balance range for that tier.  For interest bearing accounts, the Interest Rate may change monthly at the discretion of the credit union.

2.       Compounding and Crediting. For interest-bearing accounts, interest will be compounded and credited monthly. The Interest Period for all interest-bearing accounts begins on the first calendar day of the month and ends on the last calendar day of the month.

3.       Accrual of Interest. Interest will begin to accrue on cash deposits and non-cash deposits (e.g. checks) on the business day you make the deposit to your account. You will not be paid accrued interest if you close your account before interest is credited. Fees may reduce earnings.

4.       Balance Information. Please see the schedule of Fees and Charges for the minimum opening balance required and the minimum monthly balance required to avoid a service fee for each account set forth above. For interest bearing accounts, interest is calculated by the daily balance method that applies a daily periodic rate to the daily principal in the account.

5.        National Credit Union Administration (NCUA) Federal Deposit Insurance.  Balances are insured up to $250,000 through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government as administered by the National Credit Union Administration (NCUA).The rates appearing in this Schedule are accurate and effective as of the Effective Date indicated above.  If you have any questions, please call the Credit Union at 1-800-452-9515. Balances are insured up to $250,000 through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government as administered by the National Credit Union Administration (NCUA).