| Amount Needed to Open |
Any Amount |
| Monthly Fee Structure |
No Charge if: minimum daily balance is $1,000 or more, or an average daily balance of $2,500 or more. Otherwise, $9.00/month. |
| ATM/ Debit Card Availability |
YES |
| Monthly Benefits |
All checks, ACH and telephone transfers–FREE. |
| Statement Availability |
YES |
| 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 monthly. 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 avoid imposition of fees |
A service charge fee of $9.00 will be imposed every statement cycle unless you maintain either a minimum daily balance of $1,000.00 or an average daily balance of $2,500.00 for the monthly statement cycle. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. |
| Daily 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 account each day. |
| Accrual of interest on noncash deposits |
Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). |
