KaiPerm Savings, Checking & Certificate Dividend Rates

Effective September 1, 2014

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

Follow these links to view:

Interest rates for CD shares, IRAs, and Roth IRAs
Interest rates for Share Savings
Truth-in-Savings Disclosure

Interest Rates for CD Shares, IRAs, and Roth IRAs

Account TypeDividend RateAnnual APY*Minimum Opening BalanceDividends Compounded & CreatedDividend Period
3-Month Share / IRA Certificate 0.15% 0.15%
$1,000.00 At Maturity 3 months
6-Month Share / IRA Certificate 0.25% 0.25%
$1,000.00 At Maturity 6 months
1-Year Share / IRA Certificate 0.35% 0.35%
$1,000.00 At Maturity 1 year
2-Year Share / IRA Certificate 0.55% 0.55%
$1,000.00 Annually Annually

* APY stands for Annual Percentage Yield

Interest Rates for Share Savings

Account TypeDividend RateAnnual APY*Minimum Opening BalanceMinimum Balance (No Fee)Minimum Balance to Earn DividendsDividends Payable
Regular Shares and Special Shares 0.10 0.10
$5.00 $100.00 $100.00 Monthly
Youth & Johnny Appleseed 0.10 0.10
$5.00 $50.00 $50.00 Monthly
IRA Share Account: Traditional & Roth 0.20 0.20
$5.00 $0.00 $5.00 Monthly
Money Market Account 0.10 0.10
$2,500.00 $0.00 $2,500.00 Monthly
Direct Advantage Money Market Account 0.15 0.15
$2,500.00 $0.00 $2,500.00 Monthly
High Yield Money Market Account 0.20 0.20
$15,000.00 $0.00 $15,000.00 Monthly
Direct Advantage High Yield Money Market Account 0.25 0.25
$15,000.00 $0.00 $15,000.00 Monthly
Direct Advantage Checking 6.00 on first $500
.11 on > $500
6.17 / .11
$25.00 $0.00 $1.00 / $500.01 Monthly
Dividend Checking 0.10 0.10
$25.00 $500.00 $500.00 Monthly
Holiday Club Account 0.10 0.10
$5.00 $0.00 $5.00 Annually
Direct Advantage Holiday Club Account 0.20 0.20
$5.00 $0.00 $5.00 Annually
VISA Share Account 0.10 0.10
$0.00 $100.00 $100.00 Monthly

* APY stands for Annual Percentage Yield

Your savings are federally insured up to $250,000 by the National Credit Union Administration, a U.S. government agency.

Truth-in-Savings Disclosure

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

  1. Rate Information

    The Dividend Rate and Annual Percentage Yield (APY) on your Share and IRA Certificates are set forth above. The annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the Dividend Rate and frequency of compounding for an annual period. The Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.

  2. Compounding and Crediting

    Dividends will be compounded and credited as set forth above. The Dividend Period begins on the first calendar day of the Dividend Period and ends on the last calendar day of the Dividend Period as set forth above.

  3. Accrual of Dividends

    Dividends will begin to accrue on cash deposits and noncash deposits (e.g. checks) on the business day you make the deposit to your account.

  4. Balance Information

    The minimum opening balance required for each account is set forth above. Dividends are calculated by the daily balance method which applies a daily periodic rate to the principle in the account each day.

  5. Transaction Limitations

    After your account is opened you may not make additional deposits to or withdrawals of dividends from your account.

  6. Maturity

    Your account will mature within the term set forth above of a maturity date set forth on your aCcount REceipt of Renewal Notice.

  7. Early Withdrawal Penalty

    We may impose a penalty if you withdraw any of the principle before the maturity date.

    • a. Amount of Penalty

    • The amount of the earlty withdrawal penalty is based on the term of your account. The penalty schedule is as follows: 365 days or less, minus 31 days dividends; more than 365 days, minus 90 days dividends.

    • b. How the Penalty Works

    • The penalty is calculated as a forfeiture of part of all of the dividends that have been earned on the account.

    • c. Exceptions to Early Withdrawal Penalties

    • At our option, we may pay the account before maturity without imposing an early withdrawal penalty when an account owner dies or is determined legally incompetent by a court or other body of competent jurisdiction.

  8. Renewal Policy

    Your accounts are automatically renewable accounts unless you elect a single term account. Your account will automatically renew upon maturity for the same term; however, you do not have a grace period after maturity in which to withdraw funds in the account without being charged an early withdrawal penalty. For single term accounts, dividends will not be paid after maturity, and the account balances will be transferred to another of your accounts, if open.

  9. Nontransferable/Nonnegotiable

    Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner, except obligations with the Credit Union.

The rates appearing on this Schedule are accurate and effective for share Savings and Checking Accounts as of the Effective Date indicated above. If you have any questions, please contact the Credit Union.

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