Personal Banking
Now Accounts
Gateway Premium Checking
Interest paid on daily balances in excess of $5,000.00. Higher rates on higher balances. No monthly service charge with a daily balance of $5,000.00 or more. Customer purchases their checks.
Rate Information:
This account is an interest bearing account. The interest rate and the annual percentage yield will depend upon the daily balance in the account. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest.
Balance Information:
We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $5,000.00 in the account each day to obtain the disclosed annual percentage yield.
Limitations:
You must deposit $100.00 to open this account.
Account Fees:
If a minimum daily balance of $5,000.00 is maintained per statement cycle there is no monthly service charge. However, if the daily balance falls below $5,000.00, a monthly service charge of $10.00 will be assessed. Customer purchases their checks.
