FDIC-Insured - Backed by the full faith and credit of the U.S. Government
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Commercial CheckingMinimum balance to open the account - You must deposit $100.00 to open this account. Fees: A service charge fee of $5.00 will be charged each monthly statement cycle. The following activity fees will be imposed each monthly statement cycle:
You will earn a credit of $.10 for each $100.00 of the average available balance in excess of $499.00 during the statement cycle. This earnings credit will be applied to reduce the service charge and activity fees. |
Money MarketRate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate - At our discretion, we may change the interest rate on your account. Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month. Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest. Minimum balance to avoid imposition of fees - A service charge fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle. Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield. Daily 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 of interest 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). Fees: An excess activity fee of $1.00 will be charged for each check or debit in excess of six during a statement cycle. |
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