Deposits

Rates and Terms:

Regular Savings

Minimum to Open - $5

Minimum Monthly Balance - $5

Minimum to Earn APY - $50

Balance Method - Daily

Compounded / Credited - Monthly

Current Dividend - 0.05%

APY - 0.05%


Smart Start Savings    

(For members 18 or younger)

Minimum to Open - $5

Minimum Monthly Balance - $5

Minimum to Earn APY - $5

Balance Method - Daily

Compounded/Credited - Daily

Tier 1: up to $10,000.00
Current Dividend : 1.04%
APY: 1.05% to 0.05%

Tier 2: $10,000.01 or greater
Current Dividend: 0.05%
APY: 1.05% to 0.05%

Smart Start Savings accounts are tiered rate accounts.   The dividend rate for the first tier will be paid on the first $10,000.00 of the account balance.  The dividend rate for the second tier will be paid on the amount of the balance that exceeds $10,000.00.  


Money Market Savings

Minimum to Open - $1500

Minimum Monthly Balance - $.01

Minimum to Earn APY - $50

Balance Method - Daily

Compounded / Credited - Monthly

Current Dividend - 0.05%

APY - 0.05%

*Monthly balance of $1,500 or more earns 0.10% Dividend & 0.10% APY


Money Market Checking

Minimum to Open - $1500

Minimum Monthly Balance - $.01

Minimum to Earn APY - $50

Balance Method - Daily

Compounded / Credited - Monthly

Current Dividend - 0.05%

APY - 0.05% *Monthly balance of $1,500 or more earns 0.10% Dividend & 0.10% APY


Choice Checking

Minimum to Open - $5

Minimum Monthly Balance - $.01

Minimum to Earn APY - $.01

Balance Method - Daily

Compounded / Credited - Daily

Requirements Met:
Tier 1: up to $20,000.00
Current Dividend: 1.98%
APY - 2.00%

Tier 2: $20,000.01 or greater
Current Dividend: 0.05%
APY: 2.00% to 0.05%.

Requirements Not Met:
Current Dividend: 0.01%
APY - 0.01%

Choice Checking accounts are tiered rate accounts.  If you meet the minimum service requirements  the dividend rate for the first tier will be paid on the first $20,000.00 of the account balance.  The dividend rate for the second tier will be paid on the amount of the balance that exceeds $20,000.00.    If you do not meet the minimum service requirements the third rate and annual percentage yield will apply to the entire account balance.


Business Plus Checking

Minimum to Open - $5

Minimum Monthly Balance - $.01

Minimum to Earn APY - $.01

Balance Method - Min Daily Balance

Compounded / Credited - Monthly

Current Dividend - 0.10%

APY - 0.10%


6 -11 Months Certificates/IRA

Minimum to Open - $500

Minimum Monthly Balance - $500

Minimum to Earn APY - $500

Balance Method - Daily

Compounded / Credited - Monthly

Current Dividend - 0.20%

APY - 0.20%

12-17 Months Certificates/IRA

Minimum to Open - $500

Minimum Monthly Balance - $500

Minimum to Earn APY - $500

Balance Method - Daily

Compounded / Creditend - Monthly

Current Divided - 0.34%

APY - 0.35% 

18-23 Months Certificates/IRA

Minimum to Open - $500

Minimum Monthly Balance - $500

Minimum to Earn APY - $500

Balance Method - Daily

Compounded / Credited - Monthly

Current Dividend - 0.44%

APY - 0.45%

24-35 Months Certificates/IRA

Minimum to Open - $500

Minimum Monthly Balance - $500

Minimum to Earn APY - $500

Balance Method - Daily

Compounded / Credited - Monthly

Current Dividend - 0.59%

APY - 0.60% 

36-47 Months Certificates/IRA   

Minimum to Open - $500

Minimum Monthly Balance - $500

Minimum to Earn APY - $500

Balance Method - Daily

Compounded / Credited - Monthly

Current Dividend - 0.99%

APY - 1.00% 

48-59 Months Certificates/IRA

Minimum to Open - $500

Minimum Monthly Balance - $500

Minimum to Earn APY - $500

Balance Method - Daily

Compounded / Credited - Monthly

Current Dividend - 1.19%

APY - 1.20% 

60 Month Certificates/IRA

Minimum to Open - $500

Minimum Monthly Balance - $500

Minimum to Earn APY - $500

Balance Method - Daily

Compounded / Credited - Monthly

Current Dividend - 1.49%

APY - 1.50% 
 

18 Month Money Builder Certificate

(Add on Certificate)

Minimum to Open - $100

Minimum Monthly Balance - $100

Minimum to Earn APY - $100

Balance Method - Daily

Compounded / Credited - Monthly

Current Dividend - 0.10%

APY - 0.10%

12 Month
Save to Win Certificate

Minimum to Open - $25

Minimum Monthly Balance - $25

Minimum to Earn APY - $25

Balance Method - Daily

Compounded / Credited - At Maturity

Current Dividend - 0.20%

APY - 0.20%

30 Month Bump Up
Certificate/IRA

Minimum to Open - $500

Minimum Monthly Balance - $500

Minimum to Earn APY - $500

Balance Method - Daily

Compounded / Credited - Monthly

Current Dividend - 0.59%

APY - 0.60%

Traditional IRA Savings/Roth IRA Savings

Minimum to Open - $5.00

Minimum Monthly Balance - $5.00

Minimum to Earn APY - $50.00

Balance Method - Daily

Compounded / Credited - Monthly

Current Dividend - 0.30%

APY - 0.30%
* Annual Percentage Yields effective 8/1/16 and subject to change without notice.


Deposit Accounts:

Regular & Smart Start Savings

Subject to Reg D (see below)

Money Market Savings    

Subject to Reg D (see below)

The first rate and yield listed above will apply if balance is between $50 and $1,500. The second rate and yield for each account will apply to the entire balance if the balance is above: $1,500. 

Money Market Checking    

Subject to Reg D & Reg CC (see below)

The first rate and yield listed above will apply if balance is between $50 and $1,500. The second rate and yield for each account will apply to the entire balance if the balance is above: $1,500.

Checking   

Subject to Reg D & Reg CC (see below)

Choice Checking

Subject to Reg D & Reg CC    (see below) 

To earn the Choice Checking Tier 1 APY on balances up to and including $20,000, and Tier 2 APY on balances over $20,000, you must meet requirements each Choice Checking cycle (see below).
Your Credit Union Membership Share is $5.00. This is a deposit to establish membership and not a fee.

Rate Information: The Dividend Rate and Annual Percentage Yield on your accounts are forth above. For Regular Savings, Smart Start Savings, Regular Checking, Business Checking, Business Plus Checking, Money Market Savings, Money Market Checking and IRA Savings, the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Board of Directors.

Nature of Dividends: For Regular Savings, Smart Start Savings, Regular Checking, Choice Checking, Business Checking, Business Plus Checking, Money Market Savings, Money Market Checking and IRA Savings, dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. The Dividend Rate and Annual Percentage Yield set forth above are the rates and yields for the last dividend period as set forth above.

Compounding and Crediting: Dividends will be compounded and credited as set forth above. For dividend bearing accounts, the Dividend Period begins on the first calendar day of the period and ends on the last calendar day of the period.

Accrual of Dividends:  Dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your accounts. If you close your account before accrued dividends are credited, accrued dividends will not be paid.

Balance Information: The minimum balance required to open each account and earn the stated Annual Percentage Yield is set forth above. If you do not maintain the minimum balance, you will not earn the stated Annual Percentage Yield. For Regular Savings, Smart Start Savings, Money Market Savings, Money Market Checking, Choice Checking, and IRA Savings dividend bearing accounts, dividends are calculated by using a Daily Balance method. Dividends are calculated by applying a periodic rate to the balance in the account each day. For Regular Checking dividend bearing accounts, the dividend is based on the average daily balance. For Business Checking dividend bearing accounts, the dividend is based on the low balance during the month. The account must maintain a minimum of $1,000 to earn dividends. For Business Plus Checking dividend bearing accounts, the dividend is based on the minimum balance during the day.

Certain fees may lower the Annual Percentage Yield when assessed to the accounts.

Regulation CC (Funds Availability):  The entire balance in your account may not be available for withdrawal, transfer, or paying a check, draft, or item.   The availability of funds in your account may be delayed as described in our Funds Availability Policy Disclosure.

Regulation D: We are required to limit the following types of transfers from accounts to no more than six transfers per month: All preauthorized transfers to another account or to a third party (excluding transfers for payments or routine allocations of direct payroll deposit to your other accounts or family member accounts); and telephone transfers to another account or third party. If you exceed the transfer limitation your account may be subject to a suspension or closure.

Each multiple account owner is jointly and severally liable to the Credit Union for any returned item, overdraft, or unpaid amount regardless of who benefited from the transaction. Account holders agree that any overdraft will be subject to conditions of the Uniform Commercial Code and applicable state law.

Any questions or objections concerning any item shown on a periodic statement shall be waived unless made in writing to the Credit Union on or before the twentieth day following the day the statement is mailed. Your right to dispute a forged item drawn on your account and paid by the Credit Union is waived if there is any negligence on your part in the handling of access devices related to the account.

Regular Checking accounts must remain open all month to earn dividends for the month. If the stated minimum balance is not met for a day, dividends will not be earned for that day.

Business Checking accounts must remain open all month to earn dividends for the month. If the stated minimum balance is not met for the day, dividends will not be earned for the month.

To earn the Choice Checking Tier 1 APY on balances up to and including $20,000, and Tier 2 APY on balances over $20,000, you must meet the following requirements each Choice Checking Cycle, which is from the 25th of month to the day before the last day of the following month: 1) Enroll and receive e-statements; 2) Have at least 12 debit card transactions post and clear per Choice Checking Cycle; 3) Have at least one direct deposit or automatic electronic payment (ACH) post and clear per Choice Checking cycle, or have one credit card purchase post per Choice Checking Cycle. In addition to earning the Choice Checking rate when all requirements are met, you will receive automatic refunds on ATM surcharge fees nationwide up to $25 plus all ATM fees assessed by Fibre Federal Credit Union. If requirements are not met, you will not earn Tier 1 or Tier 2 APY on your checking balance and ATM fees are not refunded. If your daily balance is greater than $20,000 your APY will be that disclosed for Tier 2, depending on the balance of your account. The APY range for Tier 2 assumes a minimum balance of $20,000.01. By the 1st business day of each month, you will be sent an email notice advising if your Choice Checking Account has met Tier 1 and/or Tier 2, if applicable, requirements. A Choice Checking Account is limited to two per membership. Business Accounts are not eligible. Choice Checking Cycle is from the 25th of the month to the day before the last day of the following month.


Certificates:

All regular certificates and IRA Certificates are subject to a penalty for early withdrawal as follows:

Certificate Term: The forfeiture of dividends is equal to the smaller of the following two amounts

6 - 11 month: Dividends since date of issuance or renewal, or 60 days dividends.

12-17 months: Dividends since date of issuance or renewal, or 120 days dividends.

18-23 months: Dividends since date of issuance or renewal, or 180 days dividends.

24-35 months: Dividends since date of issuance or renewal, or 180 days dividends.

36-47 months: Dividends since date of issuance or renewal, or 180 days dividends.

48-59 months: Dividends since date of issuance or renewal, or 365 days dividends.

60 months: Dividends since date of issuance or renewal, or 365 days dividends.

Funds must remain in the certificate for the full certificate term to obtain the Annual Percentage Yield quoted. The Annual Percentage Yield assumes dividends remain in the certificate until maturity. Early withdrawal will reduce the Annual Percentage Yield.

No penalty is assessed on IRA Certificates if member is 70 1/2 or older and withdrawal is done for purpose of required minimum distribution.

You may request dividends to be paid and transferred monthly to another account of yours. This will reduce the Annual Percentage Yield earned on the certificate.

The dividend rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. Current dividend rates and Annual Percentage Yields offered for new accounts may change weekly as determined by the Board of Directors. The dividend rate and Annual Percentage Yield are the prospective Rate and Yield for the applicable dividend period. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. Dividends begin to accrue on the business day of deposit. The dividend period begins on the first calendar day and ends on the last calendar day each month.

Each certificate has a 10 day grace period from the date of maturity. During the grace period additional deposits can be made to the certificate without penalty. Grace period withdrawals will be completed effective the maturity date of the certificate.

All certificate terms, except Money Builder Certificate, are available for traditional and Roth IRA investments.

The Money Builder Certificate allows unlimited additional deposits of $25.00 or more during the term of the certificate.

The Bump Up Certificate allows you to bump up your rate one time during the term of the Certificate if dividend rates rise.


All Accounts

Notice Under the  U.S.A. Patriot Act
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.  What this means to you:  When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you.  We also may ask to see your driver’s license or other identifying objects.

This Rate schedule outlines the conditions and rates applicable to your accounts at Fibre Federal Credit Union as of the effective date 7/1/16. The Credit Union may offer other accounts, or amend the rates contained in this schedule from time to time. Each account holder agrees to the terms set forth in this schedule and acknowledges that it is part of the Membership Account Agreement. If you have any questions or need current rate or fee information on your accounts, please contact us or call the Credit Union at (360) 423-8750 or write to Fibre Federal Credit Union, PO Box 1234, Longview, WA 98632.

Please refer to the Fibre Federal Account Fees & Terms document in the disclosure section of this site for additional information. Agreeing to this rate schedule constitutes agreement to the Account Fees & Terms document.

This credit union is federally insured to at least $250,000 and backed by the full faith and credit of the National Credit Union Administration, A U.S. Government Agency.

Callouts

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