The interest rate on your account is
%.
The annual percentage yield (APY) is %.
At our discretion, we may change the interest rate on your account at any time. Interest is compounded daily and credited to your account monthly. If you close your account before interest is credited, you will not receive the accrued interest. There is no minimum balance requirement to open an account. There is no minimum balance requirement to obtain the disclosed annual percentage yield. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example, checks). If the account is overdrawn at any time during the month, interest is forfeited for the days the account is overdrawn.
The following fees may be assessed against your account:
- A maintenance fee of $5.00 per month is charged on accounts with a balance of less than $1,000.00 at any time during the month.
- An inactive account charge of $5.00 per month is charged on accounts having no deposits other than interest and no withdrawals for a period of three (3) years.
In accordance with Regulation D this account is available to individuals, sole proprietorships, non-profit organizations and governmental units. This account is not available to for-profit corporations, partnerships, and associations.
An overdraft fee applies to overdrafts created by check, in person withdrawal, or other electronic means.
See Additional Disclosures section for other fees and charges.