CHECKING ACCOUNT DISCLOSURE (NON BUSINESS)

RATE INFORMATION

Refer to the current rate schedule for your Interest Rate and Annual Percentage Yield information. Your Interest Rate and Annual Percentage Yield may change without notice at our discretion.  Interest on deposits begins to accrue on the day of your deposit. Interest will be compounded and credited to your account monthly on the last day of the month.

MINIMUM BALANCE REQUIREMENT

________PERSONAL CHECKING – You must deposit $50 to open this account unless approved by management.  

_______PREFERRED CHECKING – You must deposit $1000 to open this account.  Interest is earned at the rate specified on the current rate schedule for the number of days in that particular rate/balance tier.

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.

TRANSACTION LIMITATIONS

After the account is opened, you may make deposits into the account at any time.  Withdrawals by cash or by check may be made as long as those funds are available to be withdrawn. 

FEES

_______PREFERRED CHECKING – If the balance falls below $1000 anytime within the monthly statement cycle, a $10.00 monthly charge for servicing the account will be assessed.

There is a close out service charge of $30.00 on accounts closed within 90 days of opening.

Other Service Charges:
Checks / Electronic Debit returned  NSF $27.00
Stop Payment Order $25.00. 
Deposit Item Returned  $20.00.