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SAVINGS ACCOUNTS
MONEY MARKET ACCOUNT RATE INFORMATION Current Rate 1.60% with an Annual Percentage Yield (A.P.Y.) of 1.61%. 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. TRANSACTION LIMITATIONS You may make no more than 6 withdrawals or transfers from your account each statement cycle, only three withdrawals can be by check. A fee of $5.00 per item will be assessed if these limits are exceeded.
MONEY MARKET ACCOUNT(High Balance) RATE INFORMATION Current Rate 1.65% with an Annual Percentage Yield (A.P.Y.) of 1.66%. 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 $50,000 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 $50,000 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. TRANSACTION LIMITATIONS You may make no more than 6 withdrawals or transfers from your account each statement cycle, only three withdrawals can be by check. A fee of $5.00 per item will be assessed if these limits are exceeded.
REGULAR SAVINGS ACCOUNT RATE INFORMATION Current Rate 1.25% with an Annual Percentage Yield (A.P.Y.) of 1.26%. 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 semi-annually. MINIMUM BALANCE REQUIREMENTS You must deposit $10.00 to open this account. TRANSACTION LIMITATIONS A service charge of $1.00 will be assessed for withdrawals in excess of two during a month.
CHRISTMAS CLUB ACCOUNT RATE INFORMATION Current rate 1.26% with an Annual Percentage Yield (A.P.Y.) of 1.26%. 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 credit to your account annually. MINIMUM BALANCE REQUIRED This account may be opened with a minimum of $5.00. Payments are required to be made to the account each week. Payments can be made in $5.00 increments. 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. TRANSACTION LIMITATIONS No withdrawals are allowed out of this account. The entire account balance will be paid to the customer after all 52 payments are paid. These accounts payments begin in November of each year.
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