This disclosure supplements your Business Membership Agreement and Disclosure, Business Account
Application and other applicable disclosures. Please keep these documents together for your records.
TERMS AND CONDITIONS:
The following terms and conditions governing your Share Account constitute a mutually protective service
agreement between you and Travis Credit Union . The Membership Disclosure Statement and the Business
Account Fee Schedule are included by reference. The words “You,” “Your,” and “Yours” mean each and all of
those who sign an account application. The words “We,” “Us,” “Our,” and "Credit Union" mean Travis Credit
Union (TCU). Opening this account is conditioned on maintaining a business membership in the Credit Union. See
the Business Membership Agreement and Disclosure.
TIERED RATES ON BUSINESS SHARE ACCOUNTS:
Your end-of-day balances will earn different daily dividend rates depending on the applicable tier. For example, endof-day
balances within the $100.00 to $5,000.00 tier will earn a different dividend rate than end-of-day balances
within the $10,000.01 or more tier.
DIVIDEND INFORMATION:
Dividends begin to accrue on the business day you make a deposit regardless of whether the deposit is cash or
non-cash, but do not accrue on the date of withdrawal for the amount of the withdrawal. Dividends are paid on a
monthly basis on the first day of each month following the dividend period. For example, the beginning date of the
first dividend period of the year is January 1, and the ending date of the dividend period is January 31. The
dividends would be posted following the end of the dividend period, which for this example would be February 1.
This dividend and the resulting Annual Percentage Yield Earned (APY Earned) in this example would appear on the
February statement. All other dividend periods follow this pattern of dates. Dividends are compounded monthly
using the daily balance method. The dividend rate is divided by 365 to determine the daily periodic rate. The daily
periodic rate is then calculated against the principal balance in the account each day. If you close your account
before dividends are credited, we may credit these accrued dividends at the time you close your account. At our
discretion, we may change the dividend rate and applicable Annual Percentage Yield (APY) on your account at any
time without prior notice. Current dividend rates appear on your statement.
ANNUAL PERCENTAGE YIELD (APY):
The Annual Percentage Yield (APY) is a percentage rate that measures the total amount of dividends paid on an
This disclosure supplements your Business Membership Agreement and Disclosure, Business AccountApplication and other applicable disclosures. Please keep these documents together for your records.TERMS AND CONDITIONS:The following terms and conditions governing your Share Account constitute a mutually protective serviceagreement between you and Travis Credit Union . The Membership Disclosure Statement and the BusinessAccount Fee Schedule are included by reference. The words “You,” “Your,” and “Yours” mean each and all ofthose who sign an account application. The words “We,” “Us,” “Our,” and "Credit Union" mean Travis CreditUnion (TCU). Opening this account is conditioned on maintaining a business membership in the Credit Union. Seethe Business Membership Agreement and Disclosure.TIERED RATES ON BUSINESS SHARE ACCOUNTS:Your end-of-day balances will earn different daily dividend rates depending on the applicable tier. For example, endof-daybalances within the $100.00 to $5,000.00 tier will earn a different dividend rate than end-of-day balanceswithin the $10,000.01 or more tier.DIVIDEND INFORMATION:Dividends begin to accrue on the business day you make a deposit regardless of whether the deposit is cash ornon-cash, but do not accrue on the date of withdrawal for the amount of the withdrawal. Dividends are paid on amonthly basis on the first day of each month following the dividend period. For example, the beginning date of thefirst dividend period of the year is January 1, and the ending date of the dividend period is January 31. The
dividends would be posted following the end of the dividend period, which for this example would be February 1.
This dividend and the resulting Annual Percentage Yield Earned (APY Earned) in this example would appear on the
February statement. All other dividend periods follow this pattern of dates. Dividends are compounded monthly
using the daily balance method. The dividend rate is divided by 365 to determine the daily periodic rate. The daily
periodic rate is then calculated against the principal balance in the account each day. If you close your account
before dividends are credited, we may credit these accrued dividends at the time you close your account. At our
discretion, we may change the dividend rate and applicable Annual Percentage Yield (APY) on your account at any
time without prior notice. Current dividend rates appear on your statement.
ANNUAL PERCENTAGE YIELD (APY):
The Annual Percentage Yield (APY) is a percentage rate that measures the total amount of dividends paid on an
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