Q: |
What is the minimum overdraft amount I can reduce to and still keep my debit card? |
A: |
The minimum credit limit you can have on your overdraft is $100. Although, you don’t have to have an overdraft amount at all to have a debit card. |
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Q: |
Do you have a fee schedule available on your web site? |
A: |
Yes we do. It is on our Account Agreements & Disclosures page. |
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Q: |
Does Deseret First offer Student Loans? |
A: |
Yes we do offer student loans and checking. Since we're part of a network of over 2,000 branches and 25,000 ATMs, you'll be able to keep your Deseret First account wherever you go after school. |
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Q: |
Do you offer business checking accounts? Are there any fees? |
A: |
Yes, we do offer business checking accounts. The only fees associated with our business accounts are the check clearing fee and the check deposit fee. The first 25 checks that clear the account each month are free, but any after that will be assessed a charge of $ .10 per item. Also, the first 25 checks that are deposited into the account each month are free, but any deposited after that will be assessed a charge of $ .10 per item. |
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Q: |
How often is interest compounded? |
A: |
Interest is compounded and paid differently depending on the savings instrument that you use. Some of our most popular savings instruments are listed below:
On regular savings, dividends will be compounded every month and dividends will be
credited to your account every month on daily balances over $30.
On Money Market accounts, dividends will be compounded every month and dividends will be credited to your account every month on balances over $2500.
On IRA Savings accounts, dividends will be compounded every month and dividends will be
credited to your account every month.
On CDs, unless otherwise paid, interest will be compounded every day and Interest will be generally credited to your account every quarter. However, you may specifically request that interest be credited monthly, semi-annually, annually, or at maturity. Alternatively, you may choose to have interest paid to one of your accounts at Deseret First Federal Credit Union or have a check sent to you rather than credited to this certificate account. |
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© 2008, Deseret First Credit Union
