This account is an interest bearing account. The interest rate and annual percentage yield will depend upon the balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account weekly. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest.
We use the daily collected balance method to calculate the 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 $1,000 in the account each day to obtain the disclosed annual percentage yield.
You must deposit $1,000 to open this account. View the Deposit Account Agreement.
$10 monthly fee if balance falls below $1,000 and loss of interest each day balance is below $1,000. Cancelled checks are not returned, but image copies will be provided with each statement. A charge of $25 will be assessed on the account if closed within 180 days from the date of opening.
Bounce Protection Privilege of $800. Click Bounce Protection Customer Overdraft Policy dated 9.8.11 to view the customer overdraft policy.