Checking ACCOUNTS

Which checking account works for you?

*APY: Annual Percentage Yield. Fees could reduce the earnings on the dividend bearing accounts.

**IDProtect benefits are available to personal checking account owner(s), and their joint account owners subject to the terms and conditions set forth in the Guide to Benefit and/or insurance documents for the applicable benefits. Benefits are not available to a “signer” on the account who I not an account owner or to businesses, clubs, trusts, organizations and/or churches and their members or schools and their employees/students.  Insurance Products are not insured by the NUCA or any Federal Government Agency; not a deposit of or guaranteed by the credit union or any credit union affiliate.
 

DIVIDEND INFORMATION:

Balance computation method — Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Accrual of dividends on non-cash deposits — Dividends will begin to accrue on the business day you deposit non-cash items (e.g. checks) to your account. Nature of dividends — Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period. Compounding and frequency - Dividends will be compounded monthly and credited to your account on every monthly statement or at the end of the calendar quarter. Effects of account closing — If you close your account before dividends are paid, you will receive the accrued dividends. These are prospective dividend rates and anticipated Annual Percentage Yields (APY) for the current dividend period and may change at any time without limitations as determined by the TruStone Board of Directors. To confirm the current rates, call 763.591.4949 or 800.343.8328

¹ For one-time debit card transactions, you must have previously opted-in for Overdraft Privilege or the transaction will be declined. Payment by the credit union is a discretionary courtesy and not a right of the member or an obligation of the credit union. This privilege for consumer share draft accounts will be limited to a maximum amount of $800 overdraft (negative) balance. Transaction types that are eligible for Overdraft Privilege include, and are limited to: ACH transactions, debit card transactions, drafts and On-Us checks at the teller counter. You must bring your account balance positive within every 30-day period for a minimum period of 24 hours. The credit union, at its discretion, can cancel this protection and cease paying overdrafts at any time without prior notice of reason or cause.

²For these account types, the dividend period is monthly; for example, the first dividend period of the calendar year is January 1 through January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the ending date of a dividend period: for example, January 31.

³TruRate Checking: Annual Percentage Yield (APY) effective 1/1/2021. Rates subject to change including after account opening. Fees may reduce earnings. TruRate Checking APY Tiers: Balances up to $20,000 earn 2.02% APY if requirements are met and the balance portion over $20,000 earns 0.10% APY. To earn the highest yield, member must maintain active TruStone Visa credit and debit cards with 12 combined transactions per month, enroll in eStatements and maintain a minimum daily balance of $2,000. If any of the requirements are not met in a given month, the APY drops to 0.10% APY on all balances. A $20 monthly fee will be assessed if the daily balance falls below $2,000. Minimum open deposit of $2,000. For complete details of this checking account, speak with a TruStone Financial banker.

⁴Benefits are available to personal checking account owner(s), and their joint account owners subject to the terms and conditions set forth in the Guide to Benefit and/or insurance documents for the applicable Benefits. Benefits are not available to a “signer” on the account who is not an account owner or to businesses, clubs, trusts organizations and/or churches and their members, or schools and their employees/students. Some benefits require registration and activation. For complete details of this checking account, speak with a TruStone Financial banker. TruStone membership required. Federally insured by NCUA.