SAVINGS
ELIGIBILITY REQUIREMENTS. You must deposit $100.00 to open this account.
RATE INFORMATION. This account is an interest-bearing account. The interest rate and Annual Percentage Yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue on the business day you deposit noncash items (for example, checks). There are no maximum or minimum interest rate limits for this account. Interest will be compounded quarterly and will be credited to the account quarterly. If the account is closed before interest is credited, you will not receive the accrued interest.
NOTE: In this disclosure, Annual Percentage Yield is abbreviated as "APY".
| Interest Rate | APY | ||
| Balances Through | $99.99 | .0000% | .00% |
| Balances Over | $99.99 | .10% | .10% |
BALANCE INFORMATION. We use the daily balance method to calculate interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield.
TRANSACTION LIMITATIONS. A transfer from a savings account to another account or to third parties by preauthorized or automatic transfer, or telephone (including data transmission)agreement, order or instruction by check, draft, debit card or similar order (including POS transactions)are limited to three (3) per calendar month.
TRANSACTION FEES. A $2.00 excessive withdrawal fee will be imposed every month for each withdrawal in excess of three (3) during the calendar month (including cash withdrawals).
MINIMUM BALANCE FEES. A $3.00 minimum balance fee will be imposed every month if the daily balance on any day of the month falls below $100.00.
EARLY ACCOUNT CLOSURE. If the account is closed within 180 days from its open date, a $10.00 fee will be assessed.
DORMANT/INACTIVE ACCOUNT INFORMATION. A dormant account fee of $3.00 per month will be applied to this account if it remains inactive (no deposits or withdrawals) for 12 months and falls below a balance of $1,500.00.
FEES AND CHARGES. Please refer to the Fee Schedule about fees and charges associated with this account. A fee schedule will be provided to you at the time you open an account, periodically when fees or charges change, and upon request.