Savings Account

 

Rate Information: Your interest rate and annual percentage yield may change.

 

Frequency of rate change and determination of rate: We may (at our discretion) change the interest rate on your account at any time.

 

Compounding and crediting frequency: Interest will be compounded and credited to your account every month.

 

Minimum balance to open the account: You must deposit $25.00 to open this account.

 

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 (for example, checks).

 

Transaction limitations: Transfers from a savings account to another account by preauthorized, automatic, telephone or computer transfer (including ACH and in-house bank transfers) are limited to six (6) per month.

 

Fees: An excessive transaction fee of $2.00 will be charged for each debit transaction in excess of six (6) during a month.