Savings Rates | Hawaiian Financial Federal Credit Union

Truth-in-Savings Account Disclosures

1. Rate Information

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. For Regular Share (S), Christmas (SC), Kids Club (KIDS), Advantage Savings (ADV), Regular IRA (SI), Money Market (SM), and Preferred Checking (SD) accounts, the Dividend Rate and Annual Percentage Yield may change at any time as determined by the Credit Union's Board of Directors. The Money Market (SM) account is a Tiered Rate Account. If your account has a balance of $5.00 but less than $5,000, you will earn the first Dividend Rate and Annual Percentage Yield listed for this account in the Rate & Fee Schedule. If your balance is $5,000 but less than $50,000, the second Dividend Rate and Annual Percentage Yield listed for this account will apply. If your balance is $50,000 but less than $100,000, the third Dividend Rate and Annual Percentage Yield will apply. If your balance is $100,000+, the fourth Dividend Rate and Annual Percentage Yield will apply. Once a particular balance range is met on a tiered rate account, the Dividend Rate and Annual Percentage Yield for that balance range will apply to the entire balance of that account.

2. Nature of Dividends

Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The Dividend Rates and Annual Percentage Yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.

3. Dividend Compounding and Crediting

The compounding and crediting of dividends and dividend period applicable to each account are set forth in the Rate & Fee Schedule. The Dividend Period is the period of time at the end of which an account earns dividend credit. The Dividend Period begins on the first calendar day of the period.

4. Accrual of Dividends

For all accounts, dividends will begin to accrue on non-cash deposits (e.g. checks) on the business day you make the deposit into your account.

5. Balance Information

The minimum balance requirements applicable to each account are set forth in the Rate & Fee Schedule. For Regular Share (S), Preferred Checking (SD), and Money Market Savings (SM) accounts, there is a minimum average daily balance required to avoid a service fee for the dividend period. If the minimum average daily balance is not met, there will be a service fee as set forth under Savings Account Fees and Checking Account Fees. For Regular Share (S), Christmas (SC), Kids Club (KIDS), Advantage Savings (ADV), Regular IRA (SI), and Preferred Checking (SD) accounts, there is a minimum average daily balance required to obtain the Annual Percentage Yield for the dividend period. If the minimum average daily balance is not met, you will not earn the stated Annual Percentage Yield. For Money Market (SM) accounts, there is a minimum daily balance required to obtain the Annual Percentage Yield for the dividend period. If the minimum daily balance is not met, you will not earn the stated Annual Percentage Yield. For Regular Share (S), Christmas (SC), Regular IRA (SI), Kids Club (KIDS), Advantage Savings (ADV), and Preferred Checking (SD) accounts using an Average Daily Balance method, dividends are calculated by applying a periodic rate to the average daily balance in the account for the period. The average daily balance is determined by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period. For Money Market (SM) accounts using a Daily Balance method, dividends are calculated by applying a daily periodic rate to the principal in the account each day. For Advantage Checking (SDA) and Value Checking (SDF) accounts, there are no balance requirements and no dividends earned.

6. Account Limitations

For Regular Share (S), Christmas (SC), Kids Club (KIDS), Advantage Savings (ADV), Regular IRA (SI), and Money Market (SM) accounts, no more than six (6) preauthorized, automatic, internet banking, or ephone transfers may be made from these accounts to another account of yours or to a third party in any month, and no more than three (3) of these six (6) transfers may be made by check, draft, or debit card to a third party. If you exceed these limitations, your account may be subject to a fee or be closed. For Preferred Checking (SD), Value Checking (SDF), and Advantage Checking (SDA) accounts, no account limitations apply.