Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. The interest rate on the account will never increase by more than 2.00% each rate change. The interest rate on the account will never decrease by more than 2.00% each rate change. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest will be compounded daily and will be credited to the account quarterly. If the account is closed before interest is credited, you will not receive the accrued interest.
Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Limitations: You must deposit $50.00 to open this account. You may make six (6) transfers from your account each four (4) week or similar period, if by pre-authorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.
Account Fees: Monthly base fee is $2.00 if on any day during the statement cycle your balance falls below $50.00. There is a per debit fee of $2.00 for each withdrawal after 6 during the quarter. The following fee applies to this account: DORMANT ACCOUNT FEE: $5.00 PER MONTH, NO CUSTOMER GENERATED ACTIVITY FOR 24 CONSECUTIVE MONTHS, AND BALANCE BELOW MINIMUM TO AVOID SERVICE CHARGE.
