April 1, 2009
MEGA Suite of Deposit Accounts
| Minimum Opening Deposit | Minimum Balance to Earn Annual Percentage Yield (APY)a |
Interest Rate | APY | |
|---|---|---|---|---|
|
MEGA CDsb,c,d 6-11 months 12-23 months 24-35 months |
$5,000 |
$0.01 |
1.74% 2.08% 2.38% |
1.75% 2.10% 2.40% |
MEGA Checkinge |
$100 |
$0.01 |
1.74% |
1.75% |
MEGA Money Marketc,e |
$100 |
$1,000,000.00+ |
1.74% |
1.75% |
$100,000.00 – $999,999.99 |
1.49% |
1.50% |
||
$25,000.00 – $99,999.99 |
1.49% |
1.50% |
||
$0.01 – $24,999.99 |
0.50% |
0.50% |
||
MEGA Savingsc,e |
$100 |
$100,001.00+ |
1.74% |
1.75% |
$10,000.00 – $100,000.99 |
1.74% |
1.75% |
||
$0.01 – $9,999.99 |
0.50% |
0.50% |
CDs and IRAs |
Minimum Opening Deposit | Minimum Balance to Earn APYa |
Interest Rate | APY | |
|---|---|---|---|---|---|
| CDs | IRAs | ||||
3 to < 6 monthsb |
$500 |
–- |
$0.01 |
1.00% |
1.00% |
6 months to < 1 yearb |
$500 |
$100 |
$0.01 |
1.49% |
1.50% |
1 year < 18 monthsb |
$500 |
$100 |
$0.01 |
1.89% |
1.90% |
18 months to < 2 yearsb |
$500 |
$100 |
$0.01 |
1.89% |
1.90% |
2 years to < 30 monthsb |
$500 |
$100 |
$0.01 |
1.985% |
2.00% |
30 months to <3 yearsb |
$500 |
– |
$0.01 |
1.985% |
2.00% |
3 years to < 4 yearsb |
$500 |
$100 |
$0.01 |
2.97% |
3.00% |
4 years to <5 yearsb |
$500 |
$100 |
$0.01 |
3.21% |
3.25% |
5 yearsb |
$500 |
$100 |
$0.01 |
3.70% |
3.75% |
12 Month No Penalty CDf |
$5,000 |
– |
$0.01 |
1.74% |
1.75% |
| Minimum Opening Deposit | Minimum Balance to Earn APYa |
Interest Rate | APY | |
|---|---|---|---|---|
Money Markete |
$100 |
$50,000.00+ |
0.50% |
0.50% |
$25,000.00 – $49,999.99 |
0.50% |
0.50% |
||
$0.01 – $24,999.99 |
0.25% |
0.25% |
| Minimum Opening Deposit | Minimum Balance to Earn APYa |
Interest Rate | APY | |
|---|---|---|---|---|
Medallion Checkinge |
$100 |
$0.01 |
0.75% |
0.75% |
Interest Checkinge |
$100 |
$0.01 |
0.25% |
0.25% |
| Minimum Opening Deposit | Minimum Balance to Earn APYa |
Interest Rate | APY | |
|---|---|---|---|---|
Savingse |
$100 |
$0.01 |
0.50% |
0.50% |
Junior Savingse |
– |
$0.01 |
0.50% |
0.50% |
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 Cardother 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.
Fees could reduce the earnings on the account. Interest Rates and Annual Percentage Yields are current as of April 1, 2009. For additional information, call (703) 534-0700. Member FDIC.
