Personal Banking
Savings Accounts
Savings Account
Higher rates paid on higher balances.
Rate Information:
This Account is an interest bearing account. The interest rate and 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 on the business day you deposit non-cash items (for example, checks). Interest will be compounded quarterly and will be credited to the account quarterly. 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 the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Limitations:
You must deposit $100.00 to open this account. You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. All six (6) of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.
Account Fees:
If a minimum daily balance of $100.00 per quarter is maintained there will be no service charge. However, if daily balance falls below $100.00 during the quarter, a $5.00 service charge will be assessed.
