A POCU Term Share Account pays a fixed rate of interest for a predetermined period of time. The initial rate, which is assured for the full-term of your account, is determined by market conditions and can change on a weekly basis.
|Feature||Term Share Account||IRA Term Share Account|
|Minimum Deposit to Open||$500||$500|
|Fixed or Variable Rate||Fixed||Fixed|
|Minimum Balance to Earn Interest||$500||$500|
|Balance Computation Method||Daily Balance||Daily Balance|
|Additional Deposits||Not Allowed||Not Allowed|
|Interest Withdrawal||At Maturity Without Penalty||At Maturity Without Penalty|
Account Features & Benefits:
$500 minimum deposit to open
Terms range from six months to four years in length
No maintenance fees
Interest compounded and paid monthly, and available for withdrawal monthly
Automatic renewal at maturity, with a ten day grace period after maturity without penalty if you need to withdraw
If you need to withdraw funds before maturity, we offer a term share account-secured loan to avoid an early withdrawal penalty
Fees could reduce the earnings on the account
A penalty will or may be imposed for early withdrawal
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government, through the National Credit Union Administration (NCUA), a U.S. government agency
See our current Term Share Account rates and terms for more information.
Our comprehensive POCU Truth in Savings Disclosure 2014 is available for your convenience and review.