Concordia Bank & Trust Co. Concordia Bank Paperless Statements
Concordia Bank & Trust Co.
Concordia Bank & Trust Co.
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Concordia Bank & Trust Co.
Concordia Bank & Trust Co.

Blue Chip Savings

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Variable Interest Rate Information

See the rate sheet for the interest rate and annual percentage yield on your account. Your interest rate and annual percentage yield may change. We use the market to determine interest rates. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account at any time.

Compounding and Crediting

Interest will be compounded quarterly. Interest will be credited to your account quarterly. If you close your account before interest is credited, you will not receive the accrued interest.

Minimum Balance Requirements

Minimum Opening Deposit $100.00

Minimum Ledger Balance to avoid Quarterly Service Charge $300.00

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.

Accrual on Non-Cash Deposits

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

Transaction Limitations

Transfers from your savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six (6) per month with no transfers by check, draft or similar written order to third parties.

Fees and Charges

Quarterly Service Charge $9.00
If at any time during the quarter the Ledger Balance falls below $300.00

Excess withdrawal / transfer charge $3.00
For each withdrawal / transfer over 3 per quarter

See Schedule of Fees for other charges that may be incurred.

Additional Disclosure Information

The Service Charge will not be assessed if the account holder is 18 years of age or under, a full-time student up to 25 years of age, or a senior citizen (people 62 and over).

Statement Period:
Without Electronic Transfers (e.g., ATM, Online Banking, Direct Deposit) – You will get a quarterly statement.

With Electronic Transfers (e.g., ATM, Online Banking, Direct Deposit) – You will get a monthly account statement unless there are no transfers in a particular month. In any case, you will get a statement at least quarterly.

On the initial deposit to open account: 10 day hold on funds before withdrawal.

We reserve the right to inquire at least seven days written notice before any withdrawal or transfer from this account.