Disclosure of Account Information - The Golden 1 Credit Union
Disclosure of Account Information - The Golden 1 Credit Union
Disclosure of Account Information - The Golden 1 Credit Union
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GOLDEN 1 FREEDOM CHECKING SM ACCOUNT<br />
(Converts to Free Checking at Age 18)<br />
<strong>Golden</strong> 1 Freedom Checking introduces responsible<br />
high school students age 16 and 17 with a “B” average or<br />
higher to the advantage <strong>of</strong> owning a checking account<br />
as a part <strong>of</strong> their financial education. It’s an easy-to-use<br />
product designed exclusively for the special financial<br />
needs <strong>of</strong> teens. <strong>The</strong> account features encourage teens to<br />
learn how to manage cash conscientiously.<br />
• Withdrawals or deposits to the account do not<br />
require a parent or legal guardian to be present<br />
• No monthly service charges<br />
• Free first box <strong>of</strong> Variety 50-Pack Checks<br />
• Free Telephone Teller SM<br />
• Free <strong>Golden</strong> 1 Debit Card<br />
• Free Mobile and Text Banking<br />
• Free Online Statements<br />
• Free Bill Payment Service<br />
• Free account access 24 hours, 7 days a week with<br />
<strong>Golden</strong> 1 Online SM<br />
• Cash anytime from <strong>Golden</strong> 1, STAR®, Cirrus® and<br />
CO-OP Network ATMs<br />
Students work hard for success at school, and <strong>The</strong><br />
<strong>Golden</strong> 1 <strong>Credit</strong> <strong>Union</strong> encourages them to successfully<br />
manage their finances as well.<br />
Additional limitations - <strong>The</strong> total dollar limit <strong>of</strong><br />
withdrawals allowed per day at ATMs in combination<br />
with Point <strong>of</strong> Sale (POS) purchases is $250.00. We allow a<br />
maximum cash withdrawal <strong>of</strong> $100.00 leaving $150.00 for<br />
POS purchases, or a total POS limit <strong>of</strong> $250.00.<br />
TERM-SAVINGS CERTIFICATE ACCOUNT<br />
Rate <strong>Information</strong> - <strong>The</strong> dividend rate and Annual<br />
Percentage Yield (APY) for Term-Savings Certificates will<br />
remain in effect until the maturity date for the certificate.<br />
Minimum balance requirements - <strong>The</strong> minimum<br />
balance required to open this account is $1,000.00. No<br />
minimum daily balance requirements apply to this<br />
account to obtain the disclosed APY.<br />
Compounding and <strong>Credit</strong>ing - Dividends will be<br />
compounded monthly and credited to your account<br />
every month. Alternatively, you may choose to have<br />
dividends paid to you or to another account every month<br />
rather than credited to this account.<br />
Dividend period - For this account type, the dividend<br />
period is monthly.<br />
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