Truth-In-Savings Disclosures
FREE CHECKING ACCOUNT
Transaction limitations - No transaction limitations apply to this account unless otherwise stated in the Features Section.
ADVANTAGE BLUE CHECKING ACCOUNT
Minimum balance requirements - minimum balance requirements will be as specified in the Rate Schedules.
Transaction limitations - No transaction limitations apply to this account unless otherwise stated in the Common Features section.
ADVANTAGE GOLD CHECKING ACCOUNT
Rate information - The interest rate and annual percentage yield may change at any time, as determined by the credit union board of directors. Please refer to our ratesheet for current rates.
Compounding and crediting - Interest will be compounded every day. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is paid, you will not receive the accrued interest.
Minimum balance requirements - minimum balance requirements will be as specified in the Rate Schedules.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
Transaction limitations - No transaction limitations apply to this account unless otherwise stated in the Common Features section.
I-CHECKING
Rate information – The interest rate and annual percentage yield may change at any time, as determined by the credit union. Fees may reduce your earnings. When the Eligibility Requirements are met (as defined below): If your daily balance is $.01 or more, the interest rate paid on the balance up to and including $20,000 in your account will be ________% with an annual percentage yield of ________% and the interest rate paid on the balance greater than $20,000 in your account will be _______% with an annual percentage yield of ________%.
When the Eligibility Requirements are NOT met (as defined below): If your daily balance is $.01 or more, the interest rate paid on the balance in your account will be ________% with an annual percentage yield of ________%.
Eligibility Requirements: You must meet the Eligibility Requirements each Qualification cycle. Qualification Cycle means the period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle.
- Maintain a Banking On-Line account (home banking)
- Receive at least one direct deposit during the statement period
- Receive your account statement electronically
- Make at least ten (10) debit card point of sale transactions during the most recent calendar month prior to your statement date
If you meet the Eligibility Requirements for the Qualification Cycle, we will waive our Foreign ATM fee for Your account for that statement cycle. HarborOne reserves the right to transfer this account to a Totally Free Checking account if the Eligibility Requirements are not met for three (3) consecutive months.
Compounding and crediting - Interest will be compounded every month. Interest will be credited to your account every month. Alternately, you may choose to have interest paid to you or to another account every month rather than credited to this account.
Effect of closing an account - If you close your account before interest is paid you will not receive the accrued interest.
Minimum balance requirements - There is no minimum balance required to open this account.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
Transaction limitations – No transaction limitation apply to this account unless otherwise stated. This account is available only for individuals; not for business or commercial purposes.
INVESTOR MONEY MARKET ACCOUNT
Rate information - The interest rate and annual percentage yield may change at any time, as determined by the credit union board of directors. Please refer to our ratesheet for current rates.
Compounding and crediting - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is paid, you will not receive the accrued interest.
Minimum balance requirements - minimum balance requirements will be as specified in the Rate Schedules.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
Transaction limitations - During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card (if applicable), or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union.
ADVANTAGE MONEY MARKET ACCOUNT
Rate information - The interest rate and annual percentage yield may change at any time, as determined by the credit union board of directors. Please refer to our ratesheet for current rates.
Compounding and crediting - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is paid, you will not receive the accrued interest.
Minimum balance requirements - minimum balance requirements will be as specified in the Rate Schedules.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
Transaction limitations - During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, debit card (if applicable), or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union.
SAVINGS ACCOUNT
Member has the option of selecting a statement or passbook account.
Rate information - The interest rate and annual percentage yield may change at any time, as determined by the credit union board of directors. Please refer to our ratesheet for current rates.
Compounding and crediting - Interest will be compounded every day. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is paid, you will not receive the accrued interest.
Minimum balance requirements - minimum balance requirements will be as specified in the Rate Schedules.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
Transaction limitations - During any month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction, or similiar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.
I-SAVINGS ACCOUNT
Rate information - The interest rate and annual percentage yield may change at any time, as determined by the credit union. Fees may reduce your earnings. If your daily balance is $25,000.00 or more, the interest rate paid on the balance in your account will be ________% with an annual percentage yield of %.
Compounding and crediting - Interest will be compounded daily. Interest will be credited to your account every month. Alternately, you may choose to have interest paid to you or to another account every month rather than credited to this account.
Effect of closing an account - If you close your account before interest is paid, you will not receive the accrued interest.
This account must receive eStatements. HarborOne reserves the right to transfer this account to a Statement Savings account if the monthly eStatement for the account has not been active for three (3) consecutive months.
This account is available only for individuals; not for business or commercial purposes.
CLUB ACCOUNTS
Rate information - The interest rate and annual percentage yield may change at any time, as determined by the credit union board of directors. Please refer to our ratesheet for current rates.
Compounding and crediting - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is paid, you will not receive the accrued interest.
Minimum balance requirements - minimum balance requirements will be as specified in the Rate Schedules.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
Transaction limitations - During any month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction, or similar order to a third party. If you exceed the transfer limitations set forth above, your account will be subject to closure by the credit union.
Christmas Clubs - A check will be sent to you in November.
All Purpose Clubs - At account opening, you designate when the account will end. A check will be mailed to you shortly thereafter.
CERTIFICATE OF DEPOSIT
Rate Information - You will be paid the disclosed rate until first maturity. Please refer to our ratesheet for current rates.
Compounding frequency - Unless otherwise paid, interest will be compounded every day.
Crediting frequency - Interest will be credited to your account every month. Alternatively, you may choose to have interest paid to you or to another account every month rather than credited to this account.
Effect of closing an account - If you close your account before interest is paid, you will receive the accrued interest.
Minimum balance requirements - minimum balance requirements will be as specified in the Rate Schedules.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
Transaction limitations - After the account is opened, you may not make deposits into the account until the maturity date stated on the account.
You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty.
You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest anytime during the term of crediting after it is credited to your account.
Early withdrawal penalties - (A penalty will be imposed for withdrawals before maturity) - The penalty we may impose will equal three month's interest for terms of less than one year, or six months' interest for terms of one year or longer.
In certain circumstances, such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. See your plan disclosure if this account is part of an IRA or other tax qualified plan.
Withdrawal of interest prior to maturity - The annual percentage yield is based on an assumption that interest will remain in the account until maturity. A withdrawal will reduce earnings.
Automatically renewable account - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. If you prevent renewal, interest will not accrue after final maturity.
Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time accounts on the maturity date which have the same term, minimum balance(if any) and other features as the original time account.
You will have a grace period of ten calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty.
FEATURES
Bylaw requirements - You must complete payment of one share in your deposit account as a condition of admission to membership.
Transaction limitation - We reserve the right to at any time require not less than 90 days notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined in Regulation D.
National Credit Union Share Insurance Fund and Massachusetts Share Insurance Corporation (MSIC) - Member accounts in this credit union are insured by MSIC and federally insured by the National Credit Union Share Insurance Fund.
Please refer to our separate fee schedule for additional information about charges.
