Business Certificates of Deposit

    Business Smart Financial CDs

    Smart Financial Business CDs (Time Accounts)

    Make your money work as hard as it can for your business. We give you the flexibility of short and long term investments - 6, 12, 24 and 60 month terms, as well as Mini-Jumbo and Jumbo CDs.*

    Term Interest Rate APY Minimum Opening Balance
    6 Months Tier 0.20% 0.20% $1,000
    12 months Tier 0.75% 0.75%
    24 Months Tier 0.80% 0.80%
    60 Months Tier 1.50% 1.51%
    Term Interest Rate APY Minimum Opening Balance
    6 Months Tier 0.25% 0.25% $25,000
    12 Months Tier 0.80% 0.80%
    24 Months Tier 0.85% 0.85%
    60 Months Tier 1.55% 1.56%
    Term Interest Rate APY Minimum Opening Balance
    6 Months Tier 0.35% 0.35% $90,000
    12 Months Tier 0.90% 0.90%
    24 Months Tier 0.95% 0.95%
    60 Months Tier 1.65% 1.66%
    TRUTH-IN-CERTIFICATES OF DEPOSIT RATE SCHEDULE,ACCOUNT DISCLOSURES, AND CERTIFICATES OF DEPOSIT

    The rates and fees contained in this Schedule are accurate as of September 01, 2017. For current information call the Credit Union at (713) 850-1600. This Rate and Fee Schedule and Account Disclosures sets forth certain conditions, rates, fees and charges applicable to your Business Certificate of Deposit Accounts at Smart Financial Credit Union, and is incorporated as part of your Account Agreement with us.

    TRUTH-IN-CERTIFICATES OF DEPOSIT RATE SCHEDULE
    Term Interest Rate APY Minimum Opening Balance
    6 Months Tier 0.20% 0.20% $1,000
    12 Months Tier 0.75% 0.75%
    24 Months Tier 0.80% 0.80%
    60 Months Tier 1.50% 1.51%
    6 Months Tier Mini Jumbo 0.25% 0.25% $25,000
    12 Months Tier Mini Jumbo 0.80% 0.80%
    24 Months Tier Mini Jumbo 0.85% 0.85%
    60 Months Tier Mini Jumbo 1.55% 1.56%
    6 Months Tier Jumbo 0.35% 0.35% $90,000
    12 Months Tier Jumbo 0.90% 0.90%
    24 Months Tier Jumbo 0.95% 0.95%
    60 Months Tier Jumbo 1.65% 1.66%
    TRUTH-IN-CERTIFICATES OF DEPOSIT ACCOUNT DISCLOSURES

    (For Business Certificates of Deposit Accounts)

    Rate Information. For interest bearing accounts, the disclosed interest rate and APY are those that were offered within the most recent seven calendar days. For dividend bearing accounts, the disclosed dividend rate and APY are the prospective rate and yield the Credit Union Board of Directors anticipates will be paid for the current dividend period. The disclosed rate and APY may change monthly based on the determination of the Credit Union Board of Directors.

    Compounding and Crediting. Dividends and interest will be compounded monthly and credited monthly. For your Share (Savings) Accounts, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the last day of a dividend period, and for the example is January 31.

    Balance Information. We calculate dividends and interest using the daily balance method that applies a daily periodic rate to the balance in the account each day. Dividends and interest will begin to accrue on the business day you deposit cash and non-cash items (such as checks) to your account. Certain minimum balance requirements that apply to your accounts are disclosed above. If a service fee is disclosed, your account will be subject to the fee if your account balance falls below the required minimum daily balance during any month.

    Transaction Limitations. For your Money Market Account, 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 pre-authorized or automatic transfer or telephonic order or instruction. No more than three of the six transfers may be made by check, draft, or similar order made by you and payable to third parties. If you exceed these transfer limitations, your account will be subject to closure. The Credit Union reserves the right to require a member intending to make a withdrawal from any account (except checking accounts) to give written notice of such intent not less than seven days, and up to sixty days before such withdrawal.

    Nature of Dividends. Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

    Par Value. The par value of a share in this Credit Union is $5.00.

    National Credit Union Share Insurance Fund. The National Credit Union Share Insurance Fund federally insures member accounts in this Credit Union.

    *See the Business Services Rate and Fee Schedule for more information.

    At Smart Financial Credit Union, we'll help you guide your business every step of the way. You'll have a trusted partner who's looking out for your best interests.

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