REQUIREMENTS
Only one PNCU Perks Savings Account is allowed per Tax ID. To obtain the rates listed below you must have a PNCU Perks Checking account, if you do not have a PNCU Perks Checking account at the time interest is credited, your interest will be calculated using our Statement Savings account rate for that month.
FEES & CHARGES
Fees and charges may reduce the earnings on your account. See schedule of fees and charges for all fees and charges associated with this account.
RATE INFORMATION
The interest rate and annual percentage yield may change at any time, as determined by the credit union. You will earn a higher rate of interest on the first tier $0.00- $1,000.00, second tier $1,000.01- $2,000.00, and third tier $2,000.01-$3,000.00 in your account balance. For balances over $3,000.01 a lower interest rate is paid on that portion. See our rate schedule.
RATE SCHEDULE
Balances
Balances up to $1,000.00
Balances up to $1,000.01 to $2,000.00
Balances up to $2,000.01 to $3,000.00
Balances $3,000.01 and higher
Interest Rate
0.98%
0.49%
0.25%
0.10%
Annual Percentage Yield (APY) on your total account balance
1.00%
1.00%-0.75%
0.75%-0.58%
0.58%-0.10%
COMPOUNDING AND
CREDITING
Interest will be compounded every day. Interest will be credited to your account every month.
EFFECT OF CLOSING
AN ACCOUNT
If you close your account before interest is paid, you will not receive the accrued interest.
MINIMUM BALANCE REQUIREMENTS
The minimum balance required to open this account is $25.00. You must maintain a minimum daily balance of $10.00 in your account each day to obtain the disclosed annual percentage yield for balances between $0.01 to $3,000.00. You must maintain a minimum daily balance of $3,000.01 in your account each day to obtain the disclosed annual percentage yield for balances over $3,000.00.
DAILY BALANCE COMPUTATION
METHOD
Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
ACCRUAL OF INTEREST
ON NONCASH DEPOSITS
Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
TRANSACTION
LIMITATIONS
During any month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized, automatic, or computer transfer, telephonic order or instruction, or by check, draft, or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.