Checking account holders go to the head of the class with the new A+ Program! HFCU members who have a checking account can now open a special A+ Savings Account which will earn 5.0% APY! To participate in the A+ Program, you must 1) have direct deposit or a minimum of $200 monthly payroll deduction deposited into your checking account and 2) have an automated monthly transfer from checking into your A+ Savings. Participants in the A+ Program also receive .5% discount off their loan rate for loans obtained during their A+ Program participation. (Excluding Share/CD Secured Loans, Overdraft Loans, and Mortgages).
Transfer as little as $5 per month up to a maximum transfer amount of $100 per month or $1200 per year. Funds must remain in the A+ Savings account until your anniversary date, at which time the funds and all dividends are transferred into your regular share account. We’ll tell you what you’re A+ Program account rate will be for the following year, and you can start all over and save for another year. Penalties will apply if funds are withdrawn prior to your anniversary date, however funds may be withdrawn early with no penalty under certain hardship circumstances.
Already have an HFCU Checking Account?... simply sign up for payroll direct deposit or payroll deduction and have at least $5 per month automatically transferred into an A+ Savings account.
Current checking account is with another financial institution? ... just ask for a “switch kit” and we’ll help you get your account switched over to HFCU.
Remember, not only will you be earning 5.0% APY on your A+ Savings, but while participating in the A+ Program you will automatically be eligible for .5% discount off your loan rate. (Excluding Share/CD Secured Loans, Overdraft Loans, and Mortgages).
Call 706-754-3680 or drop by the Credit Union office today to sign up or to receive additional information on this exciting new program! |
Program Description
A+ Program
Saving is Easy with A+ Program
The key to building savings is consistency. Setting aside any amount of money on a regular basis can put you on the path to financial security. To make saving easy and more rewarding, open an A+ Program account.
- We will reward your efforts with a terrific rate, which you will earn for one year on your A+ Program account.
- There are no fees for opening or maintaining your A+ Program account.
Choose how much you want to save, a little or a lot.
- You can begin with as little as $5 per month, which will automatically transfer from your Habersham FCU checking account to your A+ Program account.
- To build savings faster, you can select any amount from $5 up to $100 per month to be transferred to A+ Program.
- We will automatically make a transfer from your Habersham FCU checking account to your A+ Program account each month for your desired savings amount.
Three easy steps to start saving now...
- Set a goal to save between $5 and $100 a month.
- If you don't have a checking account with Habersham FCU, you will need to set one up. (Don't worry ...we have FREE CHECKING with no strings attached.)
- Contact us to open your A+ Program account and tell us how much you want to save...from $5 to $100 each month. We will then help you set-up automatic transfers from your Habersham FCU checking account.
After one year...
On your A+ Program anniversary date, your funds and all dividends earned will be transferred into your Habersham Primary Savings account. We will tell you what your A+ Program account rate will be for the following year, and you can start all over and save for another year!
Frequently Asked Questions
Who can open a A+ Program account?
Any member with a Habersham FCU checking account can open an A+ Program account.
How do I deposit into my A+ Program account?
All deposits are made automatically from your Habersham FCU checking account. You may not deposit cash or checks, transfer funds online, by phone, or at a branch, or transfer from another member's checking or a checking account you own at another financial institution.
Is there a minimum balance to open a A+ Program account?
The account is opened with a $0 balance. You must transfer at least $5 per month to the account, beginning in the first month (30 calendar days).
How much can I transfer per month?
You may transfer any amount between $5 and $100 per month.
How often can I transfer funds?
You can transfer once per month, twice per month (on the 1st and 15th) once every two weeks, or every week.
How do I transfer funds to A+ Program?
When you open the account, you will choose how much you wish to transfer and the frequency. Transfers are made automatically from your Habersham FCU checking account. You may not transfer funds online, or transfer from another member's checking or a checking account you own at another financial institution.
Can I change my A+ Program transfer?
You may change or stop your transfer at any time during the term. To change the amount or frequency of your A+ Program transfer, contact us by secure email, telephone, or in writing. If you stop transfers, your account balance will continue to earn dividends until the account matures.
Can I close my A+ Program account?
Closing your A+ Program account before the anniversary date will result in a penalty of 90 days dividend on the amount withdrawn. Penalties may reduce the investment below the principal held at the beginning of the term.
Can I roll funds to a new A+ Program account on my anniversary date?
You may not roll over funds from your previous A+ Program account.
Are there any fees on an A+ Program account?
No. There are no fees to open or maintain an A+ Program account.
How do I keep track of my A+ Program account?
Your account will be displayed in your statement and Online Account Access. Related transfers will be posted in the appropriate account. We will mail you a renewal notice prior to your A+ Program account's anniversary date.
Can I open multiple A+ Program accounts?
No. There can only be one A+ Program account open per membership. You may open a new account on your anniversary date by contacting us when you receive your anniversary notice.
Disclosure
A+ Program rates are fixed rates for the full term (12 months) of the account opening. You may schedule transfers up to $100 (minimum $5.00) each month from a Habersham Federal Credit Union checking account to an A+ Program account. Amount or date of the transfer may be changed during the term.
Dividends are compounded quarterly and will be credited to your balance on the last day of the quarter. The Annual Percentage Yield (APY) is based on an assumption that dividends will remain in the account until maturity. A withdrawal will reduce earnings.
You may not withdraw any principal from your A+ Program Account prior to maturity without incurring a substantial penalty. We will impose an early withdrawal penalty in the amount of 90 day’s dividend on the amount withdrawn. Penalties may reduce the investment below the principal held at the beginning of the current term.
On the anniversary date of when the A+ Program account was opened, all accrued savings plus earned dividends will be transferred into your primary savings/share account. Funds are available the next business day.
There is no administration fee for the A+Program account. This account may be closed prior to maturity without incurring a penalty under the following circumstances: death of the prime owner/member or the prime member becomes incompetent or permanently disabled.
Habersham Federal Credit Union
www.habershamfcu.com |
