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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 banks 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 banks 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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