![]() The dividend rates and Annual Percentage Yields may change at any time at the discretion of the Ardent Federal Credit Union Board of Directors. Any fee imposed may reduce the earnings on your account. The penalty is equal to the smaller of the following two amounts: interest since the date of issuance or renewal or an amount equal to 180 days of interest on the amount withdrawn. ![]() A SUBSTANTIAL PENALTY IS IMPOSED if certificate funds other than interest are withdrawn before the maturity date. Premature withdrawal will reduce earnings. The Annual Percentage Yield is based on the assumption that dividends will remain on deposit until maturity. All Certificate interest rates are fixed for the term of the Certificate. ![]() Interest is compounded and credited monthly. Government Agency. CD interest is calculated by the daily balance method, which applies a daily periodic rate to the principal in the account each day. If your balance is $7,500.00 for the last 15 days of the month, you will earn the interest rate for tier 1 on the entire balance in the account for 15 days.ĢDeposits at Ardent are Federally Insured to $250,000 by NCUA (National Credit Union Administration) a U.S. For example, if your balance is $15,500.00 for the first 15 days in the month, you will earn the interest rate for tier 2 on the entire balance in the account, for 15 days. Money Market interest is calculated monthly on your entire balance in the tier your balance falls in for that month. There is no minimum balance required to open or start earning interest on an Ardent Money Market Account. If you exceed these limitations, your account may be subject to a fee or be closed. Any checks drawn on your Money Market Account must be for an amount of $250 or more. Although you can make transfers to your Money Market Account in eBanking, account access is not available through ATMs or through Ardent's Bill Pay service. Fees could reduce the earnings on the account.ģSome restrictions do apply to the Ardent Money Market Account. If you make in excess of 6 transactions per month (writing checks, transfers) or you draw checks in an amount less than $250, your account will be subject to fees. Membership eligibility and requirements apply. Fees may reduce earnings.ĢUp to six (6) preauthorized, automatic, telephone transfers or withdrawals may be made from each Money Market Account to another account or to a third party in any month, and no more than six (6) transfers may be made by check, draft, or debit card to a third party. 1Rates are subject to change at any time without notice.
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