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Truth in Savings information

Money Market

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Rates
Interest
Withdrawals
Minimum Balance
Fees
Additional Terms

Rate Information

Your interest rate and annual percentage yield may change. At our discretion we may change the interest rate on your account daily. The interest rate on your account will never be less than 0.00%.

Interest Information

Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Interest is compounded monthly and credited monthly. If you close your account before interest is credited, you will receive the accrued interest.

We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Withdrawal Information

Limited to six (6) withdrawals per statement cycle, fee for each additional withdrawal over six (6)

Minimum Balance Information

Minimum deposit to open an account is $1,000.

Minimum balance necessary to obtain annual percentage yield is $1,000.

Money Market Accounts Fees

Account fees  
Service charge assessed on money market accounts closed within six (6) months of opening $15.00
Monthly minimum balance fee if daily balance drops below $1,000 any day of the statement cycle $10.00

Limited to six (6) withdrawals per statement cycle, fee for each additional withdrawal over six (6)

$10.00
Returned deposits (per item) $  7.50
Insufficient funds (per item) $25.00
Overdraft (per item) $25.00
Stop payment (per request) $25.00

Administrative fees  
Wire transfer, domestic $15.00
Wire transfer,  foreign $60.00
Wire transfer,  incoming NO CHARGE
Cashier's check, customer $  3.00
Cashier's check, non customer $10.00
Research, per hour (minimum 1 hour) $25.00
Photocopy of check $  3.00
Collection item, plus additional fees imposed by bank $10.00
Photocopy/microfilm copy, statement $  4.00
Photocopy/microfilm copy, other item $  3.00
Direct deposit service NO CHARGE
Compliance with legal orders, per hour $35.00

Additional Terms
 

We reserve the right to limit your aggregate deposit balances to $1,000,000 per taxpayer identification number.