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Other Deposit Products
Additional Truth in Savings Disclosures - Money Market Accounts
Please read the following disclosure carefully. When finished, click the RETURN button to go back to the main Money Market page.
- Your interest rate and annual percentage yield may change. At our discretion we may change the interest rate on your account daily. The interest rate on your account will never be less than 0.00%.
- You may only have six (6) checks or transfers clear your account per statement cycle.
- Interest begins to accrue on the business day you deposit noncash items (for example, checks).
- Interest is compounded monthly and credited monthly. If you close your account before interest is credited, you will receive the accrued interest.
- We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
| Account Fees | |
| Service charge assessed on money market accounts closed within 6 months of opening | $15.00 |
| Monthly minimum balance fee if the daily balance drops below $1,000 any day of the statement cycle | $10.00 |
| Limited to six (6) withdrawals per statement cycle, fee for each additional withdrawal over six (6) | $10.00 |
| Returned deposits (per item) | $ 7.50 |
| Insufficient funds (per item) | $25.00 |
| Overdraft (per item) | $25.00 |
| Stop payment (per request) | $25.00 |
| Administrative Fees | |
| Wire transfer - domestic | $15.00 |
| Wire transfer - foreign | $60.00 |
| Wire transfer - incoming | NO CHARGE |
| Cashier's Check (customer) | $ 3.00 |
| Cashier's Check (non customer) | $10.00 |
| Recon/Research per hour (min. 1 hr.) | $25.00 |
| Photocopy of check | $ 3.00 |
| Collection item\plus additional fees imposed by bank | $10.00 |
| Photocopy/microfilm copy-statement | $ 4.00 |
| Photocopy/microfilm copy-other item | $ 3.00 |
| Direct deposit service | NO CHARGE |
| Compliance with Legal Orders per hour | $35.00 |
When you have finished reading the disclosure above, click the RETURN button to go back to the main Money Market page.
