Interest Checking

ACCOUNT BENEFITS

Free Basic Wallet Style Logo Checks (1 box per order)
Free Notary Service

Initial Debit Card is Free
Bill Pay*
Unlimited Deposits – No Charge
Free Online Banking*
Free E-Statement (with Online Banking)*
Free Mobile Banking*
Free Mobile Deposit*
Free Express Phone Banking*

VARIABLE 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 monthly. Interest will be credited to your account monthly.

If you close your account before interest is credited, you will not receive the accrued interest.

MINIMUM BALANCE REQUIREMENTS

Minimum Opening Deposit $1,500.00
Minimum Ledger Balance to Avoid Monthly Service Charge $1,500.00

BALANCE COMPUTATION METHOD

We use the Average Daily Balance Method to calculate the interest on your account. This method applies a daily periodic rate to the average daily balance in the account for the period. 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.

ACCRUAL ON NON-CASH DEPOSITS

Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

FEES AND CHARGES

Monthly Service Charge
If your ledger balance falls below $1,500.00 during statement period $8.00

Paper Statement Fee
$2.00 – If your ledger balance falls below $1,500.00 during the statement period and delivered a paper periodic statement.

Per Check Fee
If the ledger balance falls below $1,000.00 the fee is $0.15 per check

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

ADDITIONAL DISCLOSURE INFORMATION

Statement Period: Monthly

*Message, data, and/or internet service provider rates may apply, as applicable.