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Savings Accounts
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* * * * * * *
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Annual
Percentage Yield
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Savings
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1.25% |
1.25% |
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Christmas Club
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1.25% |
1.25% |
Disclosures:
OPTIONAL SAVINGS 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 semi-annual 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 $5.00 to open the account.
- To obtain the annual percentage yield disclosed: You must maintain a minimum balance of $50.00 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).
CHRISTMAS CLUB ACCOUNT:
- Variable Rate Account: Your interest rate and annual percentage yield may change.
- Determination of Rate: The interest rate on your account is set at our discretion.
- Frequency of Rate Changes: We may change the interest rate on your account at any time.
- Compounding and Crediting: Interest will not be compounded on this account and will be credited to your account at maturity.
- 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 $1.00 to open the account.
- To obtain the annual percentage yield disclosed: You must maintain a minimum balance of $50.00 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.
This 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).
- When Your Account Will Mature: See your local Slovenian Savings & Loan Branch to determine the maturity
date or term needed to obtain the annual percentage yield stated.
- Renewal of Account: This account will not renew automatically at maturity. At maturity, all funds in the account
will be mailed to you via check or transferred to another deposit account.
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