|Monthly Fee||Statement Options||Interest Options|
On interest bearing accounts (includes all except Totally Free E Checking) the following rules apply:
DETERMINATION OF RATE: At our discretion, we may change the interest rate on your account.
FREQUENCY OF RATE CHANGES: We may change the interest rate on your account at any time.
LIMITATIONS OF RATE CHANGES: There are no maximum or minimum interest rate limits for this account.
COMPOUNDING AND CREDITING: Interest will be compounded monthly and will be credited to your account monthly. If you close your account before interest is credited, you will not receive the accrued interest.
MINIMUM BALANCE REQUIREMENTS: You must deposit $50.00 to open any of these accounts. All accounts except Totally Free Checking earn interest on the total account balance.
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.
ACCRUAL ON NON-CASH DEPOSITS: Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
OTHER INTEREST BEARING AND SERVICE CHARGE INFORMATION
VIP Interest E, 50+ Interest E & Cash at Hand E Checking: pays interest as follows: On account balances under $10,000.00 you will earn a tier 1interest rate of .01%, with an annual percentage yield of .01%. On account balances of $10,000.00 or more you will earn a tier 2 interest rate of .03%, with an annual percentage yield of .03%. Your interest rate and annual percentage yield may change.
Wall Street E Checking: This is a tiered interest rate account. On account balances up to $1,499.99 you will earn a tier 1 interest rate of .01%, with an annual percentage yield of .01%. On account balances of $1,500.00 to $24,999.99 you will earn a tier 2 interest rate of .03%, with an annual percentage yield of .03%. On account balances of $25,000.00 or more, you will earn a tier 3 interest rate of .10%, with an annual percentage yield of .10%. Your interest rate and annual percentage yield may change.
FEES AND CHARGES:
The following fees and charges may be assessed against your account:
Overdraft Charges: An overdraft charge will be assessed to a customer’s account when there is not sufficient funds to pay an item that has been presented for payment. Some examples of an item could include checks, debits, ACH items, electronic items, debit card items, ATM debits, etc. The OD Check Charge for a paid item is $32.00 per item, per presentment. The Returned Check Charge for a returned item is $30.00 per item, per presentment. For consecutive days overdrawn, the bank will charge $5.00 per business day, after the 5th day.
TRANSACTION LIMITATIONS: There are no transaction limitations with these accounts
CURRENT RATE INFORMATION: The interest rate(s) and annual percentage yield(s) disclosed above were offered within the most recent seven calendar days, and were accurate as of 04/01/2016. To obtain current interest rate and annual percentage yield information, please call 719-456-1512 or 888-803-2672.