| Global Rewards Premier Checking | APY | Dividend Rate | Balance Cap | Min To Open |
|---|---|---|---|---|
| OPTIMUM level | 0.05% to 3.50%1 | 3.50% | Up to $25,000 | None |
| 0.05% | Over $25,000 | None | ||
| PLUS level | 0.05% to 3.00%1 | 3.00% | Up to $10,000 | None |
| 0.05% | Over $10,000 | None | ||
| CHOICE level | 0.05% | 0.05% | None | None |
| Account Type | APY | Dividend Rate | Min to Open | Balance Required to Earn Dividends |
|---|---|---|---|---|
| Checking | 0.05% | 0.05% | None | None |
| Money Management Checking | 0.00% | 0.00% | $2,500.002 | N/A |
| Money Management Checking | 0.05% | 0.05% | N/A | $2,500 - $9,999.99 |
| Money Management Checking | 0.10% | 0.10% | N/A | $10,000 - $24,999.99 |
| Money Management Checking | 0.15% | 0.15% | N/A | $25,000 - $49,999.99 |
| Money Management Checking | 0.20% | 0.20% | N/A | $50,000 or greater |
*APY (Annual Percentage Yield) Range is based on a low and high balance scenario of $1.00 and $8,000,000.00. 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 Checking, Money Management Checking and Global Rewards Premier Checking accounts, the dividend rate and annual percentage yield may change at any time as determined by the Credit Union’s Board of Directors. The dividend rates and annual percentage yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period. Money Management Checking, and Global Rewards Premier Checking accounts are tiered rate accounts. The balance ranges and corresponding dividend rates and annual percentage yields applicable to each tier are disclosed in the Rate Schedule. For Money Management Checking accounts, once a particular range is met, the dividend rate and annual percentage yield for that balance range will apply to the full balance of your account. For Global Rewards Premier Checking accounts, the applicable dividend rates and annual percentage yields will apply only to that portion of the account balance within the corresponding balance range as listed in the Rate Schedule. Refer to the Truth in Savings Disclosure (PDF) for additional details pertaining to these tiered accounts.
1 Total Relationship Balance’ is calculated as the sum of the previous month’s average monthly share account balance(s), the previous month’s ending loan balance(s), and the previous month’s ending credit card balance(s).Only personal share accounts are eligible for the Global Rewards program. Excludes CU Student Choice loan balances. APY Range is based on a low and high balance scenario of $1.00 and $8,000,000.00.
2 Minimum Balance to Avoid a Service Fee. Refer to the Truth in Savings Disclosure (PDF) for additional details. Rewards Benefits are based on your reward level - CHOICE, PLUS or OPTIMUM and are determined each month based on your total relationship balances with the Credit Union.
3 This account is available for BFSFCU members in good standing who qualify for the PLUS or OPTIMUM Rewards level. Only one Premier Checking account per member. To view our current rates, please visit BFSFCU.org/rates. For account terms and conditions, please see the Truth-In-Savings Disclosure and the Amendment.
4 Rebates are applied to an open checking or savings account. Rebates are based on the previous month’s Total Relationship Balance. Credit will be applied to the account from which the fee was assessed by the 3rd business day of the month. If the account is closed prior to the rebate posting date the rebate will be forfeited.
5 Only BFSFCU fees will be rebated. Foreign exchange fees and other fees will not be rebated.
6 Rate discounts are only applied to auto loans and personal loans.
7 The mortgage cash reward will be applied as a lender credit at the time of the mortgage closing. Mortgages $250,000 and above will receive a mortgage cash reward of $1,000. Mortgages between $50,000 and $249,999 will receive a mortgage cash reward of $600. If the mortgage loan is rescinded, the mortgage cash reward will be forfeited. Excludes home equity loans and lines of credit.
8MEMBER’S CHOICE™ GAP insurance premium rebate will be credited to the member’s checking or savings account 120 days after the insurance has been purchased. If the checking or savings account is closed prior to the rebate posting date the rebate will be forfeited.
BFSFCU reserves the right to modify or cancel the Global Rewards Program, individual features or benefits at any time.