A UNIFI CompanyAcacia Federal Savings Bank, A UNIFI Company
1-800-950-0236
SAFETY. SIMPLICITY. AND NO HIDDEN FEES.

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Truth in Savings

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ACACIA FEDERAL SAVINGS BANK

CERTIFICATE OF DEPOSIT

BALANCE COMPUTATION METHOD: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Interest begins to accrue ON THE DAY OF DEPOSIT.

Minimum Balance Requirements: You must deposit $500.00 to open a regular account or an IRA.

Time Requirements: Based upon term selected, maturity date will be determined.

Transaction Limitation: You may not make withdrawals from your account until the maturity date without incurring a penalty.

Compounding: Interest will compound daily.

Crediting: Interest will be credited quarterly (Options of monthly check, quarterly check, semiannual check, annual check, internal transfers and ACH deposits can be requested)

Rate Information: The interest rate on your account will be based on the term selected. Please see our current Rate Sheet for Interest Rates and Annual Percentage Yields (APY).

Annual Percentage Yield: Assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Renewal Policy: This account will be automatically renewed for another term at the close of business on the initial maturity date or on the maturity date of any renewal term. Unless at least 15 days (if the term of the account is more than six months) or at least 10 days (if the term of this account is six months or less) before the maturity date, we give you written notice that account will not be renewed.

The rate of earnings for each renewal will be the same as we offer on new certificates on the maturity date which have the same term, minimum balance and other features as this original certificate. If the original certificate is for special term the renewal information will be provided at account opening. You may call us on the maturity date for the rate of earnings for the next term.

You will have 7 calendar days beginning with the maturity date to withdraw funds without penalty.

Early Withdrawal Penalty: We will impose a penalty if you withdraw any of the deposited funds before maturity.

For an account with an original term up to and including one year, the penalty will be three month's interest on the amount withdrawn.

For an account with an original term of more than one year, the penalty will be 6 month's interest on the amount withdrawn.

12 Month Bump Up Certificate of Deposit

If the rate offered on our 12 Month CD rises you may contact us and request a one time rate increase during the initial term of the CD. The new rate will apply only to the remaining term of your CD.

 

CHOICE CHECKING GENERAL DISCLOSURE

TOP CHOICE AND INTEREST OPTIONS

BALANCE COMPUTATION METHOD: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue ON THE DAY OF DEPOSIT.

COMPOUNDING AND CREDITING INTEREST: Compound daily. Interest will be credited to your account monthly.

RATE INFORMATION: Please refer to Acacia Federal Savings Bank current Rate Sheet for Interest Rate and Annual Percentage Yield (APY). Under bank discretion, Acacia Federal Savings Bank reserves the right to change the interest rate at any time and does not tie changes to an index.

ANNUAL PERCENTAGE YIELD: Assumes principal and interest will remain on deposit.

A withdrawal will reduce earnings.

MINIMUM BALANCE REQUIREMENTS: For the Top Choice $5,000.00 is required to open the account and to avoid a $15.00 monthly fee. There is a minimum of $10,000 required to earn interest. For the Interest Choice $500.00 is required to open the account and to avoid a $5.00 monthly fee. There is a minimum balance of $5,000 required to earn interest.

ALL OPTIONS:

SPECIAL RULES FOR NEW ACCOUNTS: The availability of funds for the first 30 calendar days on any local or out of state (Virginia) check will have a hold of 10 business days. Consult the �Important Account Information For Our Customer� brochure for more information.

FEES: Please refer to fee schedule.

METRO CHECKING

BALANCE COMPUTATION METHOD: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue ON THE DAY OF DEPOSIT.

COMPOUNDING AND CREDITING INTEREST: Compound daily. Interest will be credited to your account monthly.

RATE INFORMATION:

Under bank discretion, Acacia Federal Savings Bank reserves the right to change the interest rate at any time and does not tie changes to an index.

                                                                                                Rate       APY

Current tiers:                $250,000 +      Tier 2   .20%    1.00% to .20%

                                    $0-$250,000    Tier 1   1.00%   1.00%

 

To qualify for the tier 1 rate the balance in the account must be $250,000 or less, must have direct deposit or 3 bill pay transactions per month and eStatements. Customer has thirty days from account opening to meet requirements. Accounts that do not meet the requirements for the Tier 1 rate will earn the Tier 2 rate.

 

ANNUAL PERCENTAGE YIELD: Assumes principal and interest will remain on deposit. A withdrawal will redue earnings.

MINIMUM BALANCE REQUIREMENTS: $1,000 is required to open the account and to avoid a $15.00 monthly fee.


SPECIAL RULES FOR NEW ACCOUNTS: The availability of funds for the first thirty calendar days on any local or out of state (Virginia) check will have a hold of 10 business days. Consult the Important "Account Information For Our Customer" brochure for more information.

FEES: Please refer to fee schedule.

Sensible SAVINGS Accounts

BALANCE COMPUTATION METHOD: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Interest begins to accrue ON THE DAY OF DEPOSIT.

COMPOUNDING AND CREDITING INTEREST: Interest compound's daily.

Interest will be credited to your account quarterly.

TRANSACTION LIMITATIONS: Under federal law you may make up to 6 preauthorized, automatic or telephonic transfer withdrawals from your account to another account or to third parties each month.

Unlimited deposits and withdrawals may be made by mail or in person.

RATE INFORMATION: Please see our current Rate Sheet for Interest Rates and Annual Percentage Yields (APY). Under bank discretion, Acacia Federal Savings Bank reserves the right to change the interest rate at any time and does not tie interest rate changes to an index.

ANNUAL PERCENTAGE YIELD: Assumes principal and interest will remain on deposit.

A withdrawal will reduce earnings.

MINIMUM BALANCE REQUIREMENTS: There is no minimum balance requirement on this account.

SPECIAL RULES FOR NEW ACCOUNTS: The availability of funds for the first 30 calendar days on any local or out of state (Virginia) check will have a hold of 10 business days.

FEES: Please refer to fee schedule.

TIERED MONEY MARKET ACCOUNT

BALANCE COMPUTATION METHOD: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Interest begins to accrue ON THE DAY OF DEPOSIT.

COMPOUNDING AND CREDITING INTEREST: Compound daily.

Interest will be credited to your account monthly.

RATE INFORMATION: Please see our current Rate Sheet for Interest Rates and Annual Percentage Yields (APY). Under bank discretion, Acacia Federal Savings Bank reserves the right to change the interest rate at any time and does not tie interest rate changes to an index.

ANNUAL PERCENTAGE YIELD: Assumes principal and interest will remain on deposit.

A withdrawal will reduce earnings.

MINIMUM BALANCE REQUIREMENTS: A deposit of $1,000.00 is required to open this account and to avoid a $10.00 monthly fee.

TRANSACTION LIMITATIONS: Under federal law you may make up to 6 withdrawals by check, preauthorized, automatic or telephonic transfer from your account to another account or to third parties each month.

Unlimited deposits and withdrawals may be made by mail or in person.

SPECIAL RULES FOR NEW ACCOUNTS: The availability of funds for the first 30 calendar days on any local or out of state (Virginia) check will have a hold of 10 business days.

FEES: Please refer to fee schedule for possible additional fees and ways to avoid fees. Fees may reduce earnings.

 

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7600 Leesburg Pike, East Building, Suite 200, Falls Church, VA 22043  |  1-800-950-0236  |  Contact Us  |  Careers & Employment  |  ABA# 256073328
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