If your average daily balance is $2,500.00 or more, the interest rate paid on the entire balance in your account will be
% with an annual percentage yield of %.
If your average daily balance is $2,499.99 or less, the interest rate paid on the entire balance in your account will be
% with an annual percentage yield of %.
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. We use the daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. Interest begins to accrue on the business day you deposit noncash items (for example, checks). You are permitted or authorized to make no more than six (6) transfers and withdrawals, or a combination of such transfers and withdrawals per period of at least four weeks, to another account (including a transaction account) at our bank or to a third party by means of preauthorized or automatic transfer, check, draft, debit card, or similar order made by the depositor and payable to third parties.
The following fees may be assessed against your account:
- A maintenance fee of $5.00 per month on accounts having an
average daily balance of less then $1,500.00.
- A service charge of $.20 per withdrawal in any month when the average
daily balance is less than $5,000.00.
- An inactive account charge of $5.00 per month on accounts having no deposits
other than interest and no withdrawals for a period of three (3) years.
- An excess activity of $5.00 per month for each withdrawal in excess of
permitted number of six (6).
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.