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Other Deposit Products
Truth in Savings Disclosure - Statement Savings
Please read the following disclosure carefully. When finished, click the RETURN button to go back to the main Statement Savings page.
- Minimum deposit to open an account is $500.
- Minimum balance necessary to obtain the disclosed annual percentage yield is $500.00.
- 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%.
- Interest begins to accrue on the business day you deposit noncash items (for example, checks).
- Interest is compounded quarterly and credited quarterly. If you close your account before the 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 | |
| Limited to nine (9) withdrawals per quarter, fee for each additional withdrawal over nine (9) | $1.00 |
| Fee assessed if the account is closed within (6) months | $15.00 |
| Quarterly minimum balance fee if the daily balance drops below $500 any day of the quarter | $3.00 |
| Returned deposits (per item) | $7.50 |
| Insufficient Funds (per returned item) | $25.00 |
| Stop Payment (per item) | $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 hours) | $35.00 |
When you have finished reading the disclosure above, click the RETURN button to go back to the main Statement Savings page.
