There is a monthly fee of just $15.00 if minimum balance falls below $2,500. Interest bearing account that qualifies for free basic checks (style “D”).
The $15.00 minimum balance violation fee will be waived for all accounts that receive a regular periodic ACH Debit or Credit. New account holders are given the first 60 days (2 cycles) to have the ACH transactions begin without being assessed a fee.
RATE INFORMATION
A tiered rate structure is used to determine the interest rate paid on your account. The interest rate is determined by using the rate chart listed below and calculating within which tier the daily account balance falls. Interest will be compounded monthly and credited to your account monthly. At our discretion, we may change the interest rate and the annual percentage yield on your account at any time. Maximum dollar amount is $250,000.
Deposit Balance Required to Earn
Interest Rate |
Interest Rate Earned |
Annual Percentage Yield |
| $0 - $2,499 |
0.00% |
0.00% |
| $2,500 - $24,999.99 |
0.35% |
0.35% |
| $25,000 - $99,999.99 |
0.75% |
0.75% |
| $100,000 – and greater |
1.00% |
1.00% |
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 principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
MINIMUM BALANCE REQUIREMENTS
An initial deposit of $50 is required to open this account. There will be a monthly minimum balance fee of $15.00 if the daily balance of the account falls below $2,500 on any day during the statement cycle. Fees would reduce the earnings on the account.
FEES
See separate FEE SCHEDULE available online and in all branch offices.
Before clicking on Continue, please read the following disclosures carefully and print them for your records. By clicking on Continue, you acknowlege that you have received the disclosures.
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