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Member
FDIC |
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Copyright 2014
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What Account is in Your
Best Interest? |
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Select
the type of account you would like more
information about;
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Regular Checking Account |
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Minimum balance to open the
account – you must deposit $25.00 to open this
account.
Minimum balance to avoid imposition of fees – If
your balance falls below $100.00 on any day in the cycle
we will impose a service charge fee of $5.00 once during
each statement cycle. This fee will not apply to
accounts for senior citizens (persons 65 years or age or
older) or full time students, if we have been so
notified.
If your balance is at least $100.00 on every day in the
cycle but falls below $200.00 on any day during the
cycle we will impose a service charge fee of $4.00 once
during each statement cycle. This fee will not apply to
accounts for senior citizens (persons 65 years or age or
older) or full time students, if we have been so
notified.
If your balance is at least $200.00 on every day in the
cycle but falls below $300.00 on any day during the
cycle we will impose a service charge fee of $3.00 once
during each statement cycle. This fee will not apply to
accounts for senior citizens (persons 65 years or age or
older) or full time students, if we have been so
notified.
If your balance is at least $300.00 on every day in the
cycle but falls below $400.00 on any day during the
cycle we will impose a service charge fee of $2.00 once
during each statement cycle. This fee will not apply to
accounts for senior citizens (persons 65 years or age or
older) or full time students, if we have been so
notified.
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NOW Checking Account |
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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 on your account.
Click here to see our current rates
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 $1,000.00 to open this account.
Minimum balance to avoid imposition of fees – A
service charge fee of $6.00 will be imposed every
statement cycle if the balance in the account falls
below $1,000.00 any day of the cycle.
Minimum balance to obtain the annual percentage yield
disclosed – You must maintain a minimum balance of
$500.00 in the account each day to obtain the disclosed
annual percentage yield.
Daily balance computation method – We used the
daily balance method to calculate the interest on your
account. This method applies a daily periodic rate to
the principal in the account each day.
Accrual of interest on non-cash deposits –
Interest begins to accrue on the first business day
after the banking day you deposit non-cash items (for
example, checks).
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Passbook Savings Account |
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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.
Click here to see our current rates
Compounding and crediting frequency – Interest
will be compounded every quarter. 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 $10.00 to open this account.
Minimum balance to obtain the annual percentage yield
disclosed – You must maintain a minimum balance of
$50.00 in the account each day to obtain the disclosed
annual percentage yield.
Daily balance computation method – We used the
daily balance method to calculate the interest on your
account. This method applies a daily periodic rate to
the principal in the account each day.
Accrual of interest on non-cash deposits –
Interest begins to accrue on the first business day
after the banking day you deposit non-cash items (for
example, checks).
Transaction limitations – Transfers from a
Passbook Savings account to another account or to third
parties by telephone transfer are limited to six per
calendar month with no transfers by check, draft, debit
card, or similar order to third parties. |
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Money Market Deposit
Account |
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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 on your account.
Click here to see our current rates
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.
Daily balance computation method – We used the
daily balance method to calculate the interest on your
account. This method applies a daily periodic rate to
the principal in the account each day.
Accrual of interest on non-cash deposits –
Interest begins to accrue on the first business day
after the banking day you deposit non-cash items (for
example, checks).
Transaction limitations – The minimum amount you
can deposit is $500.00 per deposit. The minimum amount
you can withdraw is $500.00 per withdrawal.
Withdrawals, by mail or in person, or other transfers
from a Money Market Deposit Account to another account
or to third parties by telephone transfer are limited to
six per monthly statement cycle with no transfers by
check, draft, debit card, or similar order to third
parties.
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