- Minimum Balance to Open Account - $100.00 ($25.00 for
minors, 18 years of age or younger)
- Deposit Rate Information
Daily Balance $0 - $249 - None
Daily Balance $250 or greater - Savings Rate
Interest is calculated by
the daily balance method which applies a daily periodic
rate to the balance in the account each day. Interest
will begin to accrue no later than the business
day we receive credit for the deposit of non-cash
items (for example, checks) into your account.
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- Compounding and Crediting Frequency - Interest will be
compounded and credited to your account quarterly.
- Effect of Closing An Account – If you close your
account before interest is paid, you will not receive the
accrued interest.
- Minimum Balance to Avoid Imposition of Fees
If your balance falls below
$250.00 on any day in the statement cycle, your
account will be subject to a $9.00 Maintenance Fee
for that statement cycle. No maintenance fee for
Minors (18 years or younger) or senior citizens
(65 years of age or older).
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- Transaction Limitations – During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account of yours by means of preauthorized or automatic transfer or telephone order or instruction. If you exceed the transfer limitations set forth above in any statement period. Your account will be subject to closure by the financial institution. An excess withdrawal fee of $2.00 per transaction will be imposed on all transfers/withdrawals over six (6) per quarter.
- Minimum Balance to Obtain the disclosed Annual Percentage
Yield – you must maintain a minimum daily balance
of $250.00 in your account each day to obtain the disclosed
annual percentage yield.
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- Minimum Balance to Open account - $25 ($10 for minors,
18 years of age or younger).
- Deposit Rate Information
Daily Balance $0 - $99 - None
Daily Balance $100 or greater - Christmas Club Rate
Interest is calculated by
the daily balance method which applies a daily periodic
rate to the balance in the account each day. Interest
will begin to accrue no later than the business
day we receive credit for the deposit of non-cash
items (for example, checks) into your account.
|
- Compounding and Crediting Frequency- Interest will be
compounded and credited annually. All accounts mature by
the last day of October.
- Effect of Closing An Account – If you close your
account before interest is paid, you will not receive the
accrued interest.
- Minimum balance to obtain the disclosed annual percentage
yield: you must maintain a daily balance of $100 in your
account each day to obtain the disclosed annual percentage
yield.
- Transaction limitations – If you make a withdrawal
at anytime prior to the accrued interest credit on November
1st of each year, you will be charged $10.00 and the account
may be closed at the bank’s discretion.
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here for more information |
