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10 Cards in this Set
- Front
- Back
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Membership (primary) savings |
-$5 min deposit to open and maintain -dividends accrue daily on balances of $100 or more |
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Secondary savings |
-$5 to open -dividends accrue daily on any balance and posted monthly -can be renamed |
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Money Market |
Designed to earn higher dividends on higher balances instead of term deposit -$2,500 min req. -dividends earned daily posted monthly -earned at a tierd rate |
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Term deposit |
Earn higher dividends with funds are held for a specific length of time -6 months to 5 yrs -$500 deposit req. to open -dividends earned daily and posted monthly -dividends can remain as compound interest or transfered -deposits are not allowed -early release will have penalties ->12 months = 90 days of interest -<12 months but > 48 months = 180 days -48< = 365 days -10 day grace period after maturity to change |
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Term deposit plus |
-$5 min req to open -can contribute any time - must auto deposit $10 monthly - max of 100,000 total of all term deposit plus shares |
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Mountain climber term deposit |
-27 and younger - earn higher div rates then savings -open $5 min - 100,000 limit - 0.25 % higher than standard term dep. -turn 28 before maturity term dep turns into regular term dep. -div posted monthly -10 day grace period to close term w/no penalty |
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Mountain Explorer savings |
-12 and younger - prizes include piggy bank, stickers, survival kit, and then $500 |
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Mountain adventurer savings |
-13 to 17 - debit card opt. -eligible for mountain climber term dep. |
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IRA |
Save for retirement Types -traditional -roth -educational |
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Trust account |
Plan for assets and real estate Types Estates, trusts, wills, power of attorney, determaning an executor, and safety of documents |
