February 2, 2012
MEGA Suite of Deposit Accounts
| Minimum Opening Deposit | Minimum Balance to Earn Annual Percentage Yield (APY)a |
Interest Rate | APY | |
|---|---|---|---|---|
|
MEGA CDsb,c,d 48 months 60 months |
$5,000 |
$0.01 |
1.24% 1.74% |
1.25% 1.75% |
MEGA Checkinge |
$100 |
$0.01 |
0.40% |
0.40% |
MEGA Money Marketc,e |
$100 |
$1,000,000.00+ |
0.50% |
0.50% |
$100,000.00 – $999,999.99 |
0.40% |
0.40% |
||
$25,000.00 – $99,999.99 |
0.25% |
0.25% |
||
$0.01 – $24,999.99 |
0.20% |
0.20% |
||
MEGA Savingsc,e |
$100 |
$100,001.00+ |
0.40% |
0.40% |
$10,000.00 – $100,000.99 |
0.35% |
0.35% |
||
$0.01 – $9,999.99 |
0.20% |
0.20% |
CDs and IRAs |
Minimum Opening Deposit | Minimum Balance to Earn APYa |
Interest Rate | APY | |
|---|---|---|---|---|---|
| CDs | IRAs | ||||
3 to < 6 monthsb |
$500 |
$100 |
$0.01 |
0.15% |
0.15% |
6 months to < 1 yearb |
$500 |
$100 |
$0.01 |
0.20% |
0.20% |
1 year < 18 monthsb |
$500 |
$100 |
$0.01 |
0.35% |
0.35% |
18 months to < 2 yearsb |
$500 |
$100 |
$0.01 |
0.40% |
0.40% |
2 years to < 30 monthsb |
$500 |
$100 |
$0.01 |
0.50% |
0.50% |
30 months to < 3 yearsb |
$500 |
$100 |
$0.01 |
0.55% |
0.55% |
3 years to < 4 yearsb |
$500 |
$100 |
$0.01 |
0.75% |
0.75% |
4 years to < 5 yearsb |
$500 |
$100 |
$0.01 |
1.00% |
1.00% |
5 yearsb |
$500 |
$100 |
$0.01 |
1.24% |
1.25% |
12 Month No Penalty CDf |
$5,000 |
– |
$0.01 |
0.25% |
0.25% |
| Minimum Opening Deposit | Minimum Balance to Earn APYa |
Interest Rate | APY | |
|---|---|---|---|---|
Money Markete |
$100 |
$50,000.00+ |
0.20% |
0.20% |
$25,000.00 – $49,999.99 |
0.20% |
0.20% |
||
$0.01 – $24,999.99 |
0.20% |
0.20% |
| Minimum Opening Deposit | Minimum Balance to Earn APYa |
Interest Rate | APY | |
|---|---|---|---|---|
Premier Interest Checkingg |
$100 |
– |
0.50% |
– |
Medallion Checkinge |
$100 |
$0.01 |
0.20% |
0.20% |
Interest Checkinge and Business Interest Checking |
$100 |
$0.01 |
0.20% |
0.20% |
|
a) The minimum balance is the minimum amount of the principal in the account each day. APY may be obtained with any positive account balance. However, fees may reduce earnings, where applicable. Minimum opening deposit requirements apply.
b) A penalty may be imposed for early withdrawal. IRA and CDs of $1 million or more are subject to management approval.
c) Requires a VCB MEGA Checking account. If required checking account is new, opening deposit must be at least $1,000. For businesses, any VCB Business Checking account would satisfy eligibility for the stated APYs for MEGA Money Market and MEGA Savings accounts.
d) If any other VCB Consumer Checking account with Visa® Check Card other than MEGA Checking is opened, the MEGA CD APY for all terms would be 0.10% lower. For businesses, any VCB Business Checking account with Visa Check Card would satisfy eligibility for the stated APYs for MEGA CD.
e) This is a variable rate account. The interest rate and APY may change after account opening. Available to entities eligible to maintain interest bearing accounts and all individuals.
f) Permits one penalty-free withdrawal after the account has been opened for 14 days. Additional withdrawals are subject to standard penalties. CDs of $1 million or more are subject to management approval.
g) This is a variable rate account. The interest rate may change after account opening. The balances in excess of the amount required to offset fees earn the stated interest rate. Available to eligible entities only. Ask for details.
h) This is a variable rate account. The interest rate and APY may change after account opening. Available to entities eligible to maintain interest bearing accounts. The Escrow Manager Savings account is not available to individuals.
i) This is a variable rate account. The interest rate and APY may change after account opening. Available for children under age 18 and limited to one account per child.
Fees could reduce the earnings on the account. Interest Rates and Annual Percentage Yields are current as of February 2, 2012. For additional information, call (877) VCB-5015. Member FDIC.
