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Investment Rate Index - Time and Non-Time Accounts
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INVESTMENT RATE INDEX - TIME AND NON-TIME ACCOUNTS
MEMBER FDIC
Certificates of Deposit - Fixed rate for March 1, 2010
|
Interest Rate |
Annual Percentage Yield |
|
| TERM |
$2,500 and over |
Minimum Balance to open the account is $2,500.
Compounding Frequency - None, or (if CD is greater than 1 year) annually. The annual percentage yields on non-compounding Certificates of Deposit with terms less than one year assume that all principal and interest will be reinvested on each maturity date for a period of one year at the same rate. Note that this is only an assumption necessary to produce the APY on such certificates; it is not actuality.
Crediting Frequency - Interest will be credited to your account at maturity or (if CD term is greater than 1 year) annually. Other crediting options are available to depositors.
Early Withdrawal Penalty -
Early withdrawal penalties may be imposed for withdrawal before maturity. |
| 30 Days |
.50% |
.50% |
| 90 Days |
.75% |
.75% |
| 180 Days |
1.00% |
1.00% |
| 1 Years |
1.40% |
1.40% |
| 2 Years |
1.85% |
1.85% |
| 3 Years |
2.25% |
2.25% |
| 4 Years |
2.55% |
2.55% |
| 5 Years |
2.80% |
2.80% |
Individual Retirement Accounts - Fixed Rate
|
Interest Rate |
Annual Percentage Yield |
|
| TERM |
$2,000 And Over |
Minimum Balance to open the account is $2,000.00.
Compounding and Crediting Frequency - Interest is compounded and credited to your account quarterly. |
| 1 year |
1.40% |
1.41% |
| 18 months |
1.65% |
1.66% |
| 2 years |
1.85% |
1.86% |
| 30 months |
2.05% |
2.07% |
| 3 years |
2.25% |
2.27% |
| 4 years |
2.55% |
2.57% |
| 5 years |
2.80% |
2.83% |
Individual Retirement Accounts - Variable Rate
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Interest Rate |
Annual Percentage Yield |
|
| TERM |
$1,000 and Over |
Minimum Balance to open the account is $1,000.
Compounding and Crediting Frequency - Interest is compounded and credited to your account quarterly. |
| 18 months |
1.85% |
1.86% |
Investment Rate Index - Non-Time Accounts
|
Interest Rate |
Annual Percentage Yield |
|
| Gulf Stream Money Market Account |
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Minimum Balance to open account-$300. Minimum Balance to earn APY-$2,500. Pays on the full balance in the account the stated interest rate and APY that corresponds to the applicable deposit tier. Fees may reduce earnings. Interest rates are subject to change at any time. |
| $2,500 to $19,999 |
0.35% |
0.35% |
| $20,000 to $39,999 |
0.60% |
0.60% |
| $40,000 and above |
1.20% |
1.21% |
| VIP High Yield Checking Account |
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Minimum Balance to open account-$1,000. Pays on the full balance in the account the stated interest rate and APY that corresponds to the applicable deposit tier. Fees may reduce earnings. Interest rates are subject to change at any time. |
| $.01 to $39,9999.99 |
.15% |
.15% |
| $40,000 to $74,999.99 |
.40% |
.40% |
| $75,000 to $249,999.99 |
1.25% |
1.26% |
| $250,000 and Above |
1.40% |
1.41% |
| Sand Dollar Savings |
0.35% |
0.35% |
Minimum Balance to open account-$100. Minimum Balance to earn APY-$100. Fees May Reduce Earnings. Interest rates are subject to change at any time. |
| Gulf Reward Savings Account |
0.40% |
0.40% |
Minimum Balance to open account-$100. Minimum Balance to earn APY-$100. Fees May Reduce Earnings. Interest rates are subject to change at any time. |
| Gulf Advantage Checking |
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Minimum Balance to open account-$50. No Minimum Balance to earn APY. Pays the stated interest rate and APY only on that portion of the balance within the specified tier. Interest rates are subject to change at any time.
To earn higher than .25% APY* and receive up to $35 in ATM fee refunds perform the following each monthly statement cycle:
1. Make at least 12 CheckCard purchase transactions.
2. Receive a monthly electronic statment in lieu of a paper statement
3. Have at least one Direct Deposit or ACH Auto Debit
*3.30% Annual Percentage Yield (APY) paid on daily balances between one penny and $25,000 each monthly statement cycle the minimum requirements are met. Daily balances greater than $25,000 will earn an APY ranging from 3.30% to 2.15% depending on the daily balance in the account. (The APY of 2.15% corresponds to an assumed daily balance of $50,000; the APY of 3.30% corresponds to an assumed daily balance of $25,000.01) If you do not meet the three requirements per cycle as stated above, your account will still function as a free checking account earning 0.25% APY; however, it will not receive ATM refunds for that time period. APYs accurate as of 3/1/2010. We may change the interest rate and APY any time after the account is opened at our discretion. |
| $.01 to $25,000 (requirements met) |
3.25% |
3.30% |
| $25,000 to $50,000 |
1.01% |
3.30 - 2.15% |
| $.01 & above (requirements not met) |
0.25% |
0.25% |
| Health Savings Account |
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Minimum Balance to open account-$50. Minimum Balance to earn APY-$1,000. Fees May Reduce Earnings. Interest rates are subject to change at any time. |
| $1,000 to $4,999.99 |
0.35% |
0.35% |
| $5,000 & above |
0.35% |
0.35% |
The interest rates and annual percentage yields on this sheet are accurate as of March 1, 2010. Interest rates are subject to change at any time.
The telephone numbers you may call for current interest rate and annual percentage yield information are:
Angleton 979.849.2372
Brazosport 979.233.3536
Clute 979.297.7211
Houston 713.595.7400
Freeport 979.233.4401
Lake Jackson 979.299.1308
West Columbia 979.345.1666
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