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).