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 noncash deposits begins to accrue on the business day you deposit noncash items (for example, checks).
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 $50.00 to open this account.
PREFERRED CHECKING – You must deposit $1,000.00 to open this account. This account earns interest on a tiered balance method. You must maintain a minimum daily balance of $1000.00 in the account each day to obtain the disclosed Annual Percentage Yield. You will earn interest for everyday during the period that your account equals or exceeds the minimum daily balance requirement.
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.
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 Withdrawals by cash or by check may be made as long as those funds are available to be withdrawn.
DORMANT/INACTIVE ACCOUNT INFORMATION
A dormant account fee may be charged after 3 years of inactivity. Unclaimed Funds- In the event the account remains inactive for a period of five years, the monies deposited in such account may become “Unclaimed Funds” as provided in the Ohio Revised Code.
All credit transactions are processed first. Debits, or withdrawals, from your account will be processed as follows: electronic items such as ATM and Preauthorized transactions then checks. The items are processed in check numeric order within each category.
FEES AND CHARGES
PREFERRED CHECKING – If the balance falls below $1,000.00 anytime within the monthly statement cycle, monthly charge for servicing the account may be assessed.
Please refer to the separate fee schedule for information about fees and charges associated with this account. A fee schedule will be provided to you at the time you open an account, periodically when fees or charges change, and upon request.