Effective June 1, 2008 the new rate for MAAXIMUM Checking* on balances between one penny and $50,000.00 will be 4.50% APY**. Even though the Federal Reserve has dropped rates seven times from 5.25% to 2.0% (a 3.25% decrease), MAAXIMUM Checking continues to be one of our highest paying deposit products offering an attractive rate of return. Thank you for doing business with Air Academy Federal Credit Union. It is our privilege to provide you with products that make a difference.
*S12 account, previously called MAX Checking. **APY=Annual Percentage Yield. As of 6/01/08, 4.50% APY paid on balances between one penny and $50,000, and 1.01% APY paid on balances over $50,000 each cycle the minimum requirements are met. If requirements are not met, the account will earn 0.25% APY. Rates are subject to change. Special requirements apply to this
account.