Personal Banking
Checking :: Savings :: Loans :: CDs & IRAs :: Services
Savings Accounts
Personal
Savings - Rates
Board
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.
Minimum balance to avoid imposition
of fees - A maintenance fee will be imposed every statement
cycle if the current daily balance for the cycle falls
below $600.00. The amount of the fee will be determined
as follows:
|
Average
Daily Balance |
Fee
per Quarter |
|
$
0.00 - $ 199.99 |
$
8.00 |
|
$
200.00 - $ 399.99 |
$
5.00 |
|
$
400.00 - $ 599.99 |
$
4.00 |
|
$
600.00 - and above |
No
Fee |
Minimum balance
fee is waived on minor accounts ( TUTMA & Custodial)
Minimum balance to obtain the annual percentage
yield disclosed - You must maintain a minimum daily balance
of $200.00 to obtain the disclosed annual percentage yield.
Average daily balance computation method -
We use the current daily balance method to calculate the
interest on your account. This method applies a daily periodic
rate to the principal balance in the account plus any accrued unpaid
interest.
Accrual of interest on noncash deposits - Interest
will begin to accrue on the business day you deposit noncash items (for
example, checks) into your account.
Transaction limitations (per Regulation
D): During any calendar month or statement cycle of at
least four weeks, you may not make more than six withdrawals or transfers
to another account of yours or to a third party by means of a
preauthorized or automatic transfer or telephone order or instruction. No
more than six transfers may be made by check, draft, debit card (if
applicable) or similar order to a third party. If you exceed the transfer
limitations set forth above in any statement period, your account will be
subject to closure by the financial institution. Fees:
An excess withdrawal fee of $5.00 will be charged for each
withdrawal or transfer in excess of three during a quarterly
statement cycle, if no ATM card has been issued, or in excess
of one during a monthly statement cycle.
Personal Account Application. Please complete and bring in to one our
our 3 locations.
Christmas Club
Account
|
Club
Level |
Minimum
to Open |
Weekly
Payment |
No. of Pmts |
|
$
5.00 |
$
5.00 |
$
5.00 |
50 |
|
$
10.00 |
$
10.00 |
$
10.00 |
50 |
|
$
20.00 |
$
20.00 |
$
20.00 |
50 |
| |
|
|
|
If any withdrawals
are made from this account before maturity then this account may be closed.
Each Christmas Club account level requires 50 weekly payments. The account
will mature at the end of the plan year, October 15th.
FEES: A
fee of $5.00 will be charged for each deposit item returned unpaid.
A fee of $5.00 will be imposed if the account is closed prior to maturity.
A fee of $5.00 will be charged if all 50 scheduled payments
are not made before account maturity.
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