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Truth in Savings information


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 quarterly and credited quarterly. If you close your account before the 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 nine (9) withdrawals per quarter, fee for each additional withdrawal over nine (9)

Minimum Balance Information

Minimum deposit to open account is $500.

Minimum balance necessary to obtain annual percentage yield is $500.

Statement Savings Accounts Fees

Account fees  
Limited to nine (9) withdrawals per quarter; fee for each additional withdrawal over nine (9) $  1.00
Fee assessed if the account is closed within six (6) months $15.00
Quarterly minimum balance fee if the daily balance drops below $500 any day of the quarter $  3.00
Returned deposits (per item) $  7.50
Insufficient funds (per returned item) $25.00
Stop Payment (per item) $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.