Checking Accounts

Checking Accounts | Now Accounts | Money Market Accounts

REGULAR CHECKING: You must have a minimum deposit of $100 to open a Regular Checking Account. You will receive a monthly statement on your account, which will include images of all checks and deposits to your account in check order number and by date of deposit. The original items are not returned to you.

Fees: - There will be no fee for this account as long as you daily balance does not fall below $700 during a statement cycle. You will be charged a fee of $6.00 if your account falls below $700 during a statement cycle; $7.00 if your account falls below $500 during a statement cycle or $8.00 if your account falls below $300 during a statement cycle.

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Now Account:

Rate Information - This is a VARIABLE RATE account. Contact us about the current interest rate and annual percentage yield for this account. Your interest rate and annual percentage yield may change. We may change the interest rate for your account at any time without any limitation.

Compounding and crediting of interest - Interest will be compounded and credited to this account at the end of each statement cycle. If you close this account before interest is credited, you will not receive the accrued interest.

Minimum balance requirement - This account has a minimum amount of $1,500 to open. If the minimum daily balance during a statement period falls below that minimum amount, then an account maintenance fee of $8 will be imposed for that statement period.

You must maintain an average daily balance equal to the minimum amount required to open this account to obtain the disclosed annual percentage yield. 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.

Balance computation method - We use the Daily Balance method calculate interest on your account. This method applies a daily periodic rate to the principal in that account each day. If the daily balance of your account is less than $5,000, we will not calculate interest for that day.

Accrual of interest of on non-cash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (e.g., checks).

Transaction Limitations - You may make an unlimited number of withdrawals when made in person. You may also make six other automatic preauthorized transfers per statement period; however, no more than three may be made by check, draft or similar device to third parties. Any excess carries a $5 per item penalty and may also be subject to non-payment of interest to comply with federal regulations.

Notice of withdrawal - Federal regulation states that we must reserve the right to require at least seven days written notice prior to withdrawal or transfer of any funds from this account. We foresee no reason to ever require such notice, but we must follow federal regulations and reserve such right.

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Money Market Account:

Rate Information - Rate Information - This is a VARIABLE RATE account. Contact us about the current interest rate and annual percentage yield for this account. Your interest rate and annual percentage yield may change. We may change the interest rate for your account at any time without any limitation.

Compounding and crediting of interest - Interest will be compounded and credited to your account at the end of every statement cycle. If you close your account before interest is credited, you will not receive the accrued interest.

Minimum balance requirement - Your account has a minimum amount to open of $10,000. If the minimum daily balance during a statement period falls below $5,000, then an account maintenance fee of $8 will be imposed.

You must maintain an average daily balance of $5,000 to obtain the disclosed annual percentage yield. 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.

Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Transaction limitations - You may make an unlimited number of withdrawals when made in person. You may also make six other automatic or preauthorized transfers per statement period; however, no more than three may be made by check, draft or similar device to third parties. Any excess carries a $5.00 per item penalty and may also be subject to nonpayment of interest to comply with federal regulations.

Notice of withdrawal - Federal regulation states that we must reserve the right to require at least seven days written notice prior to withdrawal or transfer of any funds from this account. We foresee no reason to ever require such notice, but we must follow federal regulations and reserve such right.

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