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DEMAND DEPOSIT ACCOUNTS
BASIC CHECKING ACCOUNT MINIMUM BALANCE REQUIREMENTS A $50.00 deposit is required to open this account. There is no minimum or average monthly balance required. FEES AND CHARGES This are no account fees, except the transaction limit charges described below. TRANSACTION LIMITS If more than 20 checks per month are paid on this account, a $3.00 maintenance fee will be charged. In addition, $.15 per item will be charged for each additional check paid in excess of 20 per month.
REGULAR CHECKING ACCOUNT MINIMUM BALANCE REQUIREMENTS A $50.00 deposit is required to open this account. An average daily balance of $600.01 is required to avoid any fees or charges. FEES AND CHARGES Charges for this account are based on your average daily balance for the monthly billing cycle per the schedule below. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
TRANSACTION LIMITATIONS There is no limit on the number of checks paid on this account.
NEGOTIABLE ORDER OF WITHDRAWAL ACCOUNT (N.O.W.) RATE INFORMATION Current Rate 1.10% with an Annual Percentage Yield (A.P.Y.) of 1.11%. Your interest rate and annual percentage yield may change. DETERMINATION OF RATE AND FREQUENCY OF RATE CHANGES At our discretion, we may change the interest rate on your account. The rate may change as often as every day. COMPOUNDING AND CREDITING FREQUENCY Interest will be compounded every month. Interest will be credited to your account every month. MINIMUM BALANCE REQUIREMENTS You must deposit $1,200 to open this account. A maintenance fee of $5.00 will be imposed each monthly statement cycle if the average daily balance for that cycle falls below $1,200.00. You must maintain a minimum average daily balance of $1,200 to obtain the disclosed annual percentage yield. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. BALANCE COMPUTATION METHOD We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. ACCRUAL OF INTEREST ON NON-CASH DEPOSIT Interest begins to accrue no late than the business day we receive credit for the deposit of non-cash items, for example, checks.
SUPER N.O.W. ACCOUNT RATE INFORMATION Current Rate of 1.20% with an Annual Percentage Yield (A.P.Y.) of 1.21%. Your interest rate and annual percentage yield may change. DETERMINATION OF RATE AND FREQUENCY OF RATE CHANGES At our discretion, we may change the interest rate on your account. The rate may change as often as every day. COMPOUNDING AND CREDITING FREQUENCY Interest will be compounded every month. Interest will be credited to your account every month. MINIMUM BALANCE REQUIREMENTS You must deposit $2,500 to open this account. A maintenance fee of $5.00 will be imposed each monthly statement cycle if the average daily balance for that cycle falls below $2,500. You must maintain a minimum average daily balance of $2,500 to obtain the disclosed annual percentage yield. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. BALANCE COMPUTATION METHOD We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. ACCRUAL OF INTEREST ON NON-CASH DEPOSIT Interest begins to accrue no late than the business day we receive credit for the deposit of non-cash items, for example, checks.
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