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Products & Services

INDIVIDUAL CHECKING ACCOUNT

Minimum balance to open the account – You must deposit $300.00 to open this account.

Minimum balance to avoid imposition of fees – A service charge fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the cycle.
 



COMMERCIAL CHECKING ACCOUNT

This account is not a consumer account to which Truth in Savings applies.
Same as individual account fee schedule, except the Bank may utilize a monthly account analysis in lieu of this schedule follows:

Monthly account maintenance………………………………………………….$ 10.00
Debits………………………………………………………………………………...$ .10 each
Credits………………………………………………………………………………..$ .10 each
Items deposited…………………………………………………..…………………$ .10 each
Returned items…………………………………………………..………………….$ 5.00 each
Earnings factor: 90 day T-bill rate based on investable balance.
 



STUDENT CHECKING ACCOUNT


Minimum balance to open the account – You must deposit $100.00 to open this account.

The service charge fee of $10.00 will not be imposed for full-time students, based on bank’s criteria.
 



ACTIVE FIRE, POLICE & MILITARY

Minimum balance to open the account – You must deposit $100.00 to open this account.

The service charge fee of $10.00 will not be imposed for fire, police or military, based on bank’s criteria
 



RETIRED CITIZENS CHECKING ACCOUNT

Minimum balance to open the account – You must deposit $100.00 to open this account.

The service charge fee of $10.00 will not be imposed on account holders age 62 and over.
 



NOW ACCOUNT

Rate information – Your interest rate and annual percentage yield may change.

Frequency of rate changes- We may change the interest rate on your account at any time.

Determination of rate- at our discretion, we may change the interest rate on your account.

Compounding and crediting frequency- Interest will be compounded every month.
Interest will be credited to your account every month.

Effect of closing an account- If you close your account before interest is credited, you will not receive the accrued interest.

Minimum balance to open the account – You must deposit $1,500.00 to open this account.

Minimum balance to avoid imposition of fees – A service charge fee of $12.50 will be imposed every statement cycle if the balance in the account falls below $1,500.00 any day of the cycle.

Daily 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 principle in the account each day.

Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks)
 



MONEY MARKET CHECKING ACCOUNT

Rate information – Your interest rate and annual percentage yield may change.

Frequency of rate changes- We may change the interest rate on your account at any time.

Determination of rate- at our discretion, we may change the interest rate on your account.

Compounding and crediting frequency- Interest will be compounded every month.
Interest will be credited to your account every month.

Effect of closing an account- If you close your account before interest is credited, you will not receive the accrued interest.

Minimum balance to open the account – You must deposit $2,500.00 to open this account.

Minimum balance to avoid imposition of fees – A service charge fee of $12.50 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.

Daily 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 principle in the account each day.

Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks)

Transaction limitations:
Transfers from a Money Market Checking account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per month with no more than three by check, draft, debit card, or similar order to third parties.

Fees:
An excessive withdrawal fee of $5.00 will be charged for each debit transaction in excess of six during a month.
 



SAVINGS ACCOUNT


Rate information – Your interest rate and annual percentage yield may change.

Frequency of rate changes- We may change the interest rate on your account at any time.

Determination of rate- at our discretion, we may change the interest rate on your account.

Compounding and crediting frequency- Interest will be compounded every day.
Interest will be credited to your account every quarter.

Effect of closing an account- If you close your account before interest is credited, you will not receive the accrued interest.

Minimum balance to open the account – You must deposit $200.00 to open this account.

Daily 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 principle in the account each day.

Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks)

Transaction limitations:
Transfers from a Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to three per quarter.

Fees:
An excessive withdrawal fee of $1.50 will be charged for each debit transaction in excess of three during a quarter.

 
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