SUPER NOW 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.

 

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

 

Minimum balance to open the account: You must deposit $2500.00 to open this account.

 

Minimum balance to obtain the annual percentage yield: You must maintain a minimum balance of $2,500 in the account each day to obtain the disclosed annual percentage yield. You must maintain a minimum daily balance of $2,500 to obtain the SUPER NOW interest rate. If you balance falls below $2,500, you will be paid the NOW account interest rate. If your balance falls below $1,500, interest will not be paid.

 

Minimum balance to avoid imposition of fees: If your balance is at least $1,000 on every day in the monthly statement cycle but falls below $1,500 on any day during the monthly statement cycle we will impose a service charge fee of $10.00 once during the statement cycle.

 

If your balance is at least $500 on every day in the monthly statement cycle but falls below $1,000 on any day during the monthly statement cycle we will impose a service charge fee of $11.00 once during the statement cycle.

 

If your balance falls below $500 on any day in the monthly statement cycle we will impose a service charge fee of $12.00 once during the statement cycle.

 

Fees: If you are a member of our Hometown Checking, a fee of $6.00 (Individual Plan) or $8.50 (Family Plan) will be charged on each monthly statement cycle in lieu of the service charge based on the minimum balance. Additional benefits are provided with a separate disclosure.

 

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).