New Horizons Credit Union, Inc.: Savings Programs

The cornerstone of any successful financial plan is a safe and growing level of personal savings. To give you a sound opportunity to save for the future, New Horizons Credit Union offers a full range of savings options, from basic accounts to high-yielding share certificates.

Regular Shares: The home of your opening membership share, our regular Share (Savings) Accounts can be compared to passbook accounts at other institutions. You only need a $10.00 minimum balance to maintain this account and you can earn interest if your average balance is $50.00 or more. This account has no monthly service fees while paying a competitive dividend on your deposits. An inactive account fee will be assessed quarterly if your balance is less than $50.00 and you have no other accounts or loans with the credit union.

Share Certificates: For higher returns, invest in a Credit Union Share Certificate. Featuring minimum balances of just $500 and terms from 3 - 60 months, a share certificate is the perfect way to earn above-market rates. Dividends are earned monthly, and can be re-invested for even higher yields, transferred into your Checking Account, or mailed to you by check.

IRAs: If you're currently working, the government allows you to save for your retirement by depositing $4,000.00, or 100% of your earned income (whichever is less) into a tax-deferred individual retirement account.

NHCU gives you the option of Traditional or Roth/Education IRAs, each with it's own unique advantages. You can use a Roth IRA to save for college, or with a Traditional IRA, you may be able to deduct your deposits from current income for even higher tax saving. Please call our IRA specialists at 1-888-707-IRAS for more information. ( Check with your tax advisor for the best IRA for you, and for details on deductibility.)

Money Market Accounts: Enjoy the safety that comes with federal deposit insurance while also earning a high-yielding competitive dividend. This account offers a variable interest rate paid monthly with up to six withdrawals per month allowed. Minimum investment is $2,000.00, with higher rates for $20,000 and above. No interest is paid for a month in which the average balance is below the minimum.

Christmas Club: Save for this special time of year in a New Horizons Christmas Club. Make regular deposits through payroll deduction, and we'll send you a check for your account balance in plenty of time for the holiday shopping season. It's an "out-of-sight, out-of-mind" savings plan that lets you rest assured you've got this important time of year covered.

Federal Deposit Insurance: For your peace of mind, all Credit Union deposits are federally insured to $100,000 by the National Credit Union Administration (NCUA). The NCUA is currently the strongest federal deposit insurance fund in the world, giving you 100% confidence in the safety of your hard-earned savings accounts!

Call the office nearest you or 1-877-994-9972 for current Savings Rates or more information.

Basic (Checking) Account: This is the perfect no-frills Checking Account. With no minimum balance and no monthly service charge, all you do is make deposits and write your checks. Monthly statements and duplicate check copies ensure perfect record keeping, and special overdraft protection plans are available. A variety of check styles are also offered, without the excessive markups in price common at so many other financial institutions.

Premier (Checking) Account: In exchange for a minimum balance of $2,500.00, New Horizons Credit Union will pay you an above-market dividend rate on your Checking Account deposits. Just like a Basic Checking Account, you'll receive monthly statements and the availability of overdraft protection. Our Ppremier Checking Account also offers duplicate check copies for ease of reconciliation. There is a service charge for each month your average balance is below the minimum.

Overdraft Protection: Even the best record keepers bounce a check every now and then. To help you avoid unnecessary fees, NHCU provides the availability of an overdraft protection loan account for just this purpose. Based on credit approval, this loan covers any overdrafts you may write, allowing you to pay back after the fact. The Credit Union also offers an overdraft option for directly transferring funds from your Savings (Share) Account to your Checking (Share Draft) account.

Savings Rates - Effective Friday, May 2, 2008
Account Type	APR	APY	Minimum Deposit	Minimum Balance
Regular Share	0.750%	0.000% - 0.750%	$0.00	$50.00
Special Savings	0.750%	0.000% - 0.750%	$0.00	$50.00
Mortgage Escrow	0.750%	0.000% - 0.750%	$0.00	$50.00
Basic Checking	0.000%	0.000% - 0.000%	$0.00	$0.00
Traditional Ira	1.250%	0.000% - 1.260%	$0.00	$0.00
Roth Ira	1.250%	0.000% - 1.260%	$0.00	$0.00
Educational Ira	1.250%	0.000% - 1.260%	$0.00	$0.00
Christmas Club	0.750%	0.000% - 0.750%	$0.00	$0.00
Money Market	1.750%	0.000% - 1.760%	$0.00	$2,000.00
Money Market	2.000%	0.000% - 2.020%	$0.00	$5,000.00
Money Market	2.500%	0.000% - 2.530%	$0.00	$20,000.00
Money Market	3.000%	0.000% - 3.040%	$0.00	$75,000.00
Premier Checking	1.240%	0.000% - 1.250%	$0.00	$2,500.00
Health Savings Acct	2.000%	0.000% - 2.020%	$0.00	$500.00
Health Savings Acct	3.000%	0.000% - 3.040%	$0.00	$2,500.00
Health Savings Acct	3.500%	0.000% - 3.560%	$0.00	$10,000.00

Fees may reduce earnings. Rate may change after the account is opened.

CD Rates - Effective Saturday, November 22, 2008
Certificate Term	APR	APY	Minimum Deposit
3 Month Certificate	2.620%	2.650%	$500.00
6 Month Certificate	3.200%	3.250%	$500.00
1 Year Certificate	3.690%	3.750%	$500.00
2 Year Certificate	3.925%	4.000%	$500.00
3 Year Certificate	4.265%	4.350%	$500.00
5 Year Certificate	4.645%	4.750%	$500.00
13 Month Certificate	4.020%	4.100%	$1,000.00
2 Year Ira Cd	3.925%	4.000%	$500.00
3 Year Ira Cd	4.265%	4.350%	$500.00
5 Year Ira Cd	4.645%	4.750%	$500.00

TERMS AND CONDITIONS ARE CONTAINED IN ACCOUNT INFORMATION BROCHURE

* Average balances of less than $2,000 earn no interest * Health Savings Account (average balance of less than $500 earns no interest.

* Penalty for early withdrawal on 3 month CD is all interest earned.

Fees on Deposit Accounts

Effective January 1, 2007

Service Fees Service Fees

ACH Return
(per item) $27.00 Deposit Item Returned $15.00

Account Research Fee
(no charge for CU error)
( One hour minimum) $15.00 per hour Excess Transaction Fee
(regular savings account 5 free per month) $2.00

Account Reconciliation fee
(One hour minimum) $15.00 per hour Inactive Account Fee
(regular savings account per quarter) 5.00

Account Closure Fee
(open less than six months) $10.00 Interim Account History
(per screen print) $0.50

      Non Sufficient Funds Item - Paid or Returned
(paper or electronic entry) $27.00

Automated Teller Machine Fees    Statement reprinting
(per statement cycle) $5.00

Monthly Fee
(Waived with average monthly balance of $500.00 in checking or $2000.00 in savings or Super checking.) $5.00 Stop Payments
(per stop)

Money Station Free Personal Checking Account $15.00

PLUS Network per Transaction $1.00 Credit Union Official Check $30.00

Card replacement
(per card) $10.00 Electronic Funds Transfer Entry $15.00

      Money Order $15.00

Automatic Overdraft Protection Transfer from Savings
(per transfer) $5.00 Travelers Checks

      Single Party Free

Checking Account Fees    Checks for Two
(per $100.00) $0.50

Monthly Fee - Non Interest Bearing $0.00 Wire Transfers
(via Fed Wire)

Monthly Fee - Interest Bearing
(waived with average balance of $2,500.00 or if have multipe accounts) $20.00 Outgoing
(Domestic) $20.00

Check Copy - Standard Retrieval Time $2.00 Inbound Free

Check Copy - Rush Retrieval Time $5.00 Money Order Fee $1.00

Printing Fee - Initial Order
(requires $100 opening deposit and direct deposit.) Free

Subsequent Orders varies by style