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TRUTH-IN-SAVINGS RATE, SCHEDULE, AND ACCOUNT DISCLOSURES FOR SHARE (SAVINGS), CHECKING, MONEY MARKET AND CERTIFICATES OF DEPOSIT
For current information call the Credit Union at (713) 850-1600. This Rate and Fee Schedule and Account Disclosures sets forth certain conditions, rates, fees and charges applicable to your Business Share (Savings) Accounts, Business Money Market Accounts, Business Checking Accounts, and Business Certificate of Deposit Accounts at Smart Financial Credit Union, and is incorporated as part of your Account Agreement with us.
TRUTH-IN-SAVINGS RATE SCHEDULE
Business
| Business Savings | |||||
| Effective Date: Wednesday, April 24th, 2024 | |||||
| Account | Minimum to Open | Dividend Rate | Interest Rate | APY | Minimum to obtain disclosed APY |
| Business Share (Savings) | $5 | .20% | N/A | 0.20 | $100 |
| Business Checking Accounts | |||||
| Effective Date: Wednesday, April 24th, 2024 | |||||
| Account | Minimum to Open | Minimum Balance | Interest Rate | APY | Minimum to avoid service fee |
| Smart Advantage Business Checking | $500 | $1,000+ | 0.10% | 0.10% | $5,000 average daily balance |
| Smart Business Checking | $100 | N/A | N/A | N/A | $2,500 average daily balance |
| Business Money Market Accounts | ||||
| Effective Date: Wednesday, April 24th, 2024 | ||||
| Account | Minimum to Open | Minimum Balance | Interest Rate | APY |
| Business Money Market | $5,000 | $5,000 - 24,999.99 | 0.748% | 0.75% |
| $25,000 - 49,999.99 | 1.243% | 1.25% | ||
| $50,000+ | 1.490% | 1.50% | ||
| CDs | |||||
| Effective Date: Wednesday, April 24th, 2024 | |||||
| Account | Term | Minimum to Open | Interest Rate | APY | Minimum to obtain disclosed APY |
| Business Certificates of Deposit | 6 Months Tier | $1,000 | 2.862% | 2.90% | $1,000 |
| 12 Months Tier | 3.928% | 4.00% | |||
| 24 Months Tier | 3.445% | 3.50% | |||
| 60 Months Tier | 2.960% | 3.00% | |||
| 6 Months Tier Mini Jumbo | $50,000 | 2.911% | 2.95% | $50,000 | |
| 12 Months Tier Mini Jumbo | 3.977% | 4.05% | |||
| 24 Months Tier Mini Jumbo | 3.494% | 3.55% | |||
| 60 Months Tier Mini Jumbo | 3.008% | 3.05% | |||
| 6 Months Tier Jumbo | $100,000 | 2.960% | 3.00% | $100,000 | |
| 12 Months Tier Jumbo | 4.025% | 4.10% | |||
| 24 Months Tier Jumbo | 3.542% | 3.60% | |||
| 60 Months Tier Jumbo | 3.057% | 3.10% | |||