Rising Sun Checking
Designed to empower and educate young individuals. Rising Sun Checking is more than a simple checking account — it’s a steppingstone to financial independence and better money management. A vibrant account for a brighter financial future!
FEATURES
— Earn Dividends*
— No Monthly Charge
— Available to 15 - 17 years old
Term APY Minimum Balance Dividend Rate Minimum Balance for APY Met 0.25% $100 0.25% Minimum Balance for APY Not Met – – 0.25% * The minimum balance required to earn the stated Annual Percentage Yield is identified above. If you do not maintain the minimum balance, you will not earn the stated Annual Percentage Yield.
For all accounts, dividends are calculated by using the Daily Balance method, which applies a periodic rate to the balance in the account each day.
Sunrise Kids Savings
A savings account designed to start a financial journey. With higher paying dividends, effortless earnings and easy account access, financial growth becomes a bright adventure. Watch your young one’s savings grow as fast as they do — let their savings shine with this vibrant account.
FEATURES
— Higher Earnings*
— Four (4) covered transactions per month1
— Available to 12 years old and under
Term APY Minimum Balance Dividend Rate Balance – $100 - $1,500 0.50% $100 0.50% Balance – Over $1,500 0.25% $100 0.25% Minimum Balance for APY Not Met – – 0.25% * The minimum balance required to earn the stated Annual Percentage Yield is identified above. If you do not maintain the minimum balance, you will not earn the stated Annual Percentage Yield.
For all accounts, dividends are calculated by using the Daily Balance method, which applies a periodic rate to the balance in the account each day.
** For all Regular Share, Sunny Kids Club, Special Share, and Money Investment accounts, you may not make more than four (4) covered transactions per month. Covered transactions include your checks, transfers initiated through online banking or mobile banking, ACH transfers, merchant point of sale transactions, preauthorized or automatic transfers, and overdraft protection transfers. Transfers to pay a loan with us are not covered by this limit. The date we use to determine the number of transactions is the date a transaction is posted to (actually credited to or debited from) an account, rather than the date you initiate the transaction. If you exceed this limit, we may refuse or reverse the transaction, and we may impose a charge as specified in the listing of service charges provided below. If you repeatedly exceed this limit, we may terminate the account. For a Holiday Club account, the entire balance will be transferred to another account of yours on or after November 1 and the account will remain open. If any withdrawal is made from this account before the end of the club term, then the account will be assessed a $25 penalty.
Frequently Asked Questions
As long as the minor has a birth certificate and social security card, an account may be opened for them. All youth accounts must have an adult co-owner.
A deposit of $5.00 must be made into all savings accounts and kept on deposit at all times. This is your share of the credit union.
When the minor turns 16, they may start a checking account as long as they have a co-owner.
See our Rates and Fees for details.
To open an account for a minor, you will need to bring their birth certificate and social security card and proof of residence. All minor accounts must have a co-owner.
- Share Savings Account
- Holiday Club Account
- Money Market Account
Preauthorized or automatic electronic withdrawals such as phone and utility bills. Also, transactions done using online (PC & mobile) and phone transfers using e-Phone, fax, or by calling our Contact Center. This applies when funds are coming from an account type listed above.
Applies whether:
- The funds are being transferred to another account.
- The funds are being sent to a third party via preauthorization, Bill Pay, or wire transfer.
- The funds are being automatically transferred from a Share Savings to a Share Draft Checking to cover an overdraft.
- The funds are a scheduled transfer that was set-up by account holder in home banking
- Transactions from an account type noted below that are completed in-person at a branch or Shared Service Center
- Transactions made using an ATM
- Transfers from an account type noted below that are being applied to a loan account
- Automatic payroll allocations
- Any Share Draft Checking Account transaction
- Transactions completed by mail
- Transactions made by telephone, fax, PC, or mobile device – if it is an official check payable to the member that is mailed to the member
Affected Account Types:
- Share Savings Account
- Holiday Club Account
- Money Market Account
Once you have reached the six (6) allowable transactions in a calendar month, you will not be allowed to make further transfers/withdrawals from the affected account unless they are made in person at a branch location, Shared Service Center or at an ATM.Transaction attempts from an account type noted above will be declined, unless in-person or at an ATM.
HELPFUL TIPS
- Have preauthorized payments (such as phone & utility bills) automatically deducted from a Share Draft account, not a Share Savings account.
- Make one large transfer to your Share Draft Checking to cover anticipated usage, instead of making many small transfers throughout the month.
- Visit a branch or ATM location to make withdrawals or transfers.
- Balance your Share Draft Checking to avoid overdraft transfers from your Share Savings account.
- Apply for a Line of Credit to use as overdraft protection.
- Open a Checking Account. Share Draft accounts are not subject to Reg D restrictions.
LIMITED TRANSACTIONS:
Up to six (6) preauthorized or electronic transactions permitted per calendar month from a non-transaction account.
Non-transaction accounts are:
- Share Savings
- Holiday Club
- Money Market
Transactions done using online (PC & mobile) and phone transfers using Cloud mobile dervices or by calling our Member Service Department from an account type listed above.
This rule applies whether:
- Funds are being transferred to another account
- Funds are being sent to a third party via preauthorization, Bill Pay, or wire transfer
- Funds are automatically transferred from a Share Savings to a Share Draft Checking to cover an overdraft
- Funds are scheduled transfers set-up in home banking
UNLIMITED TRANSACTIONS:
- Made in person
- Made using an ATM
- Made by a letter request (considered the functional equivalent of being physically present)
- Made by telephone, fax, PC, or mobile device – if it is an official check payable to the member that is mailed to the member
- Made by the member to pay a loan the member has with the credit union (including MasterCard)
Qualifying required for membership. APY = annual percentage yield. All deposits subject to terms listed in Sunbelt's Rates & Services form.