NOW CHECKING ACCOUNT

(Not available to Partnerships or Corporations)


Minimum balance to open account


You must deposit $1,500.00 to open this account.


Minimum balance to obtain the annual percentage yield disclosed


You must maintain a minimum balance of $1,500.00 in the account each day to obtain the disclosed annual percentage yield.


Rate Information

Your interest rate and annual percentage yield may change.


Determination of rate


At our discretion, we may change the interest rate on your account.


Frequency of rate changes


We may change the interest rate on your account weekly


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, your will not receive the accrued interest.


Minimum balance to avoid imposition of fees –


A maintenance fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $1,500.00 any day of the cycle.


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 principal in the account each day.


Accrual of interest on non-cash deposits


Interest begins to accrue on the business day you deposit non-cash items (checks).


Fees:


A per item fee of $.25 will be charged for each debit transaction (withdrawal, check paid, or payment out of this account) in excess of 30 during a monthly statement cycle.

We may require not less than 7 days notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation d. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal.