1. APY = Annual Percentage Yield
2. No Monthly or Annual Fees! Replacement fee applies.
3. Applies to Prime Share, Business Share, My Account Share, Fresh Start Share & Individual Retirement Account Share.
4. Active accounts in good standing.
5. Federally regulated and limited to six transfers/withdrawals per month by means of: automatic transfer; telephone or on-line instruction; check draft, or similar.
6. Credit Union checking accounts are also known as share draft accounts.
7. Must be the age 55 or better to qualify, other restrictions may apply.
8. Individual Retirement Accounts, also known as IRAs have limitations and regulations set and imposed by the Internal Revenue Service. Please refer to your account agreement or tax advisor for any additional information. Coloramo team members do not provide tax, legal or accounting advice. Any account documents prepared regarding IRAs are provided by a 3rd party partner and Coloramo is not liable for any errors.
9. For all dividend-bearing fixed rate accounts, the annual percentage yield and dividend rate are determined at account opening. The annual percentage yield and dividend rate will not change for the designated period of time that is determined at account opening. Maturity date is date the account is will mature after the term indicated at account opening. There will be a penalty imposed for any account that withdrawals funds before the set maturity date. If the term account term is shorter than 13 months, the amount of the penalty will be 90 days' dividends. For terms equal or greater than 13 months, the amount of the penalty will be 180 days' dividends. Your account will automatically renew at maturity at the same term chosen at account opening with the exception of certificate specials which will state the renewable term. You will have 10 calendar days following the maturity date to make deposits or withdrawals with no penalty. All certificate promotions will have the same conditions as the Share Certificate. Promotion terms, rates and fees will be set based upon the determination of the Credit Union and will be disclosed before the account is opened. Promotional Certificates are a limited time offer and can be revoked at any time by the Credit Union.
10.For all dividend-bearing tiered variable rate accounts, the annual percentage yield and dividend rate may change at any time based upon the determination of the Credit Union. The annual percentage yield and dividend rate are determined by the minimum balance to earn stated annual percentage yield for each tier. See Nature of Dividends for dividend calculations.
11. Fresh start accounts are accounts that don't qualify by Coloramo's Credit requirements. These accounts are subject to additional limitations and the fees listed above.
MISCELLANEOUS: With proper notice in a manner as prescribed by law all agreements, disclosures, rates, dividends, transaction limitations, penalties, deposit & minimum balance requirements, Accounts, Fees, and Service Charges for any reason can be changed by Coloramo.