 | An interest bearing account for
individuals with immediate access to funds. |
| To avoid the monthly $2.00 service fee,
maintain a $200 average daily balance. |
| The minimum deposit to open this
account is $200.00. |
| Interest will be credited and
compounded to your account monthly. |
| Receive a monthly statement showing all
activity. |
| The minimum balance and monthly service
fee requirements will be waived for individuals under 18
years old. |
| The interest rate and annual percentage
yield may change weekly at the Bank’s discretion with
no limitations on the rate changes. |
| Interest begins to accrue no later than
the business day when the Bank receives credit for the
deposit of non-cash items (for example, checks). |
| 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. |
| If you close your account before
interest is credited you will not receive the accrued
interest. |
| Federal regulations limit
preauthorized, electronic or telephone withdrawals to
six per month. |
