Rate Information:

Rate Information: This is a tiered interest rate account. Please review our current rate schedule for interest rates and annual percentage yields.

Frequency of Rate Changes: The interest rate and annual percentage yield may change daily at the Bank’s discretion.

Compounding and Crediting of Interest: Interest is compounded daily and credited every monthly statement cycle.

Minimum Balance Requirements: The minimum deposit to open an account is $1,000.00. You must maintain a daily balance of $1,000.00 to obtain the disclosed annual percentage yield. If the daily balance falls below $1,000.00, the account will earn the annual percentage yield we offer on Statement Savings Accounts.

Balance Computation Method: We use the daily balance method to compute interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of Interest on Deposits: Interest begins to accrue on non-cash items (for example, checks) on the business day of deposit.

Avoidance of Fees: Your account will be charged a monthly maintenance service charge of $5.00 if your average daily balance is less than $1,000.00 for the monthly statement cycle. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Withdrawal limitations: At any time we reserve the right to require not less than seven days notice in writing before any withdrawal from an interest bearing account.

Account Inactivity: An account is considered inactive/dormant if for 1 year there have been no transactions to the account. Account Inactivity Fee: $5.00 is charged per month if the balance is $100.00 or less.

Fees: Please refer to “View Fee Schedule” for additional information regarding applicable fees and charges.