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The DriveUp Savings Account is a unique account from Three Rivers that helps members build their personal savings without hassle or drastic changes to their lifestyle. When you finance your auto loan at Three Rivers, you receive an opportunity to open a savings account that will earn the same dividend rate as your approved auto loan rate.* The process is simple. When you open your loan, you can elect to contribute a monthly amount to a DriveUp Savings Account, to a maximum level of 10% of your monthly loan payment. We’ll set up an automatic transfer from one of your other accounts to make both your loan payment and your savings contribution. It’s that easy. No payment coupons, no stamps, no remembering to make your payment. Just sit back and watch your savings drive its way up as you pay down your loan! When the loan is paid off, you could use your savings as a down payment on your next vehicle or some other purchase. You could also meet with one of our representatives to discuss other savings options. Or you could simply leave it alone. Once you've paid off your auto loan, your savings account will convert to a 3-month share savings certificate (at the then stated 3-month certificate rate) unless you tell us you’d like to do something else with the funds. But best of all, you’ve created a savings habit that is helping you build personal wealth and be prepared for emergency expenses should they occur. Smile, you’re driving up your savings! * Maximum savings rate of 10.00% Annual Percentage Yield. Maximum contribution amount is 10% of monthly loan payment. Offer valid on both used & new automobile loans. Dividends are paid from current income and available earnings after required transfers to reserves are made at the end of a dividend period. Dividends are not guaranteed. The dividend rates appearing in this disclosure are accurate and effective for share accounts as of the date indicated. If you have questions or require current dividend rate information on your accounts, please call a Three Rivers representative at 800.825.3641. If Share Certificate funds other than dividends are withdrawn before the maturity date, there may be a substantial penalty. The penalty is a forfeiture of dividends equal to the lesser of the following two amounts: dividends since the date of issuance or renewal, or 90 days’ dividends. |