Slovenian Savings and Loan Association

361 First Street, Conemaugh, PA 15909
Phone: 814-535-7658  Fax: 814-535-8594

 

"Big enough to serve you, small enough to care."

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NOW Accounts

*  *  *  *  *  *  *
Annual Percentage Yield
NOW
1.01% 1.00%
Super Now
1.26% 1.25%


Disclosures:

NOW Account:
  • Variable Rate Account: Your interest rate and annual percentage yield may change.
  • Determination of Rate: At our discretion, we may change the interest rate on your account.
  • Frequency of Rate Changes: We may change the interest rate on your account at any time.
  • Compounding and Crediting: Interest will be compounded and credited to your account on a monthly basis.
  • Effect of Closing an Account: If you close your account before interest is credited, you will not receive the accrued interest.
  • Minimum Balance Requirements:
    • To open the account: You must deposit $10.00 to open the account.
    • To avoid the imposition of fees: A Service Charge (SC) of $5.00 will be imposed every month if the balance in the account falls below $250.00 on any day of your monthly cycle.
    • To obtain the annual percentage yield disclosed: You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.
  • Balance Computation Method: We use the daily balance method to calculate the interest on your account. The method applies a daily periodic rate to the principal in the account each day.
  • Accrual of Interest on Non-Cash Deposits: Interest begins to accrue on the business day you deposit non-cash items. (for example, checks).


SUPER NOW ACCOUNT:
  • Variable Rate Account: Your interest rate and annual percentage yield may change.
  • Determination of Rate: At our discretion, we may change the interest rate on your account.
  • Frequency of Rate Changes: We may change the interest rate on your account at any time.
  • Compounding and Crediting: Interest will be compounded and credited to your account on a monthly basis.
  • Effect of Closing an Account: If you close your account before interest is credited, you will not receive the accrued interest.
  • Minimum Balance Requirements:
    • To open the account: You must deposit $2,500.00 to open the account.
    • To avoid the imposition of fees: A Service Charge (SC) of $10.00 will be imposed every month if the balance in the account falls below $2,500.00 on any day of your monthly cycle.
    • To obtain the annual percentage yield disclosed: You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.
  • Balance Computation Method: We use the daily balance method to calculate the interest on your account. The method applies a daily periodic rate to the principal in the account each day.
  • Accrual of Interest on Non-Cash Deposits: Interest begins to accrue on the business day you deposit non-cash items. (for example, checks).