Business Savings & Checking Rates

Effective July 1, 2013
Minimum Deposit to OpenDaily Minimum Balance to Obtain APYDividend RateAPY*
$5 $0 - $499.99 .10% .10%
  $500 and up .10% .10%
Effective July 1, 2013
Minimum Deposit to OpenDaily Minimum Balance to Obtain APYDividend RateAPY*
$2,500 $0 - $9,999.99 .15% .15%
  $10,000 - $24,999.99 .20% .20%
  $25,000 - $49,999.99 .25% .25%
  $50,000 - $99,999.99 .30% .30%
  $100,000 - $249,999.99 .40% .40%
  $250,000 and up .40% .40%
Effective June 1, 2012
Minimum Deposit to Open $100
Daily Minimum Balance to Obtain APY None
Monthly Service Fee None
Checks/Debits (first 20/month free) $.25/each
Debit Card FREE
Paper/Electronic Statements FREE
Online Banking FREE
APY* 0%
Dividend Rate 0%
Open Item
Business Checking
Effective June 1, 2012
Minimum Deposit to Open $100
Daily Minimum Balance to Obtain APY None
Monthly Service Fee $15
Checks/Debits Unlimited
Debit Card FREE
Paper/Electronic Statements FREE
Online Banking FREE
APY* 0%
Dividend Rate 0%

*APY: Annual Percentage Yield.  Fees could reduce the earnings on dividend bearing accounts.

»CLICK HERE to view our Fees

DIVIDEND INFORMATION:
Balance computation method — Dividends are calculated by the daily balance method with applies a daily periodic rate to the balance in the account each day. Accrual of dividends on non-cash deposits — Dividends will begin to accrue on the business day you deposit non-cash items (e.g. checks) to your account. Nature of dividends — Dividends are paid from current income and available earnings, after required transfers to reserves at the end of the dividend period. Affects of account closing — If you close your account before dividends are paid, you will receive the accrued dividends.

These are prospective dividend rates and anticipated Annual Percentage Yields (APY) for the current dividend period and may change at any time without limitations as determined by the TruStone Board of Directors. To confirm the current rates, call 763.591.4949 or 800.343.8328

TRANSACTION LIMITATIONS FOR ALL SAVINGS ACCOUNTS:
Regulation D requires that during any calendar month you may not make more than six withdrawals or transfers from your saving account to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction. Transactions governed by Regulation D include, but are not limited to: automatic transfers from savings to checking for overdraft protection, automatic transfers from saving to any other account, telephone transfers from savings to any other account (including transfers made using Phone Banking and the fax machine,) preauthorized payments from savings, transfers from savings to any other account using Home Banking.

Regulation D allows unlimited transfers to withdrawals from a saving account when made by mail, messenger, ATM, or in person, or when such withdrawals are made by telephone provided a check is mailed to the member. Transfers to repay s at the credit union and to pay safe deposit box rent are also unlimited.

  1. The minimum deposit to open this account and maintain membership is the purchase of a $5 share in TruStone Financial.
  2. For these account types, the dividend period is quarterly; for example the first dividend period of the calendar year is January 1 through March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the ending date of a dividend period, and for example is March 31.
  3. For these account types, the dividend period is monthly; for example, the first dividend period of the calendar year is January 1 through January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date is the ending date of a dividend period, and for example is January 31.
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