High Yield Money Market Account Disclosure

Rate Information - The Interest Rate on your account is 1.050% with an Annual Percentage Yield of 1.06%.  At our discretion, we may change the interest rate on your account.  The interest rate and annual percentage yield may change at any time.

Compounding Frequency - Interest will be compounded monthly.

Crediting Frequency - Interest will be credited into this account monthly.

Daily Balance Computation Method - We use the average daily balance method to calculate the interest on your account.  The average daily balance method applies a periodic rate to the average daily balance in the account for the statement period.  The average daily balance is calculated by adding the principal in the account for each day of the statement period and dividing that figure by the number of days in the statement period.

Accrual of Interest on Non-cash Deposits - Interest will begin to accrue on the business day you deposit non-cash items (for example, checks) into your account.

Minimum Balance - $25,000.00 minimum balance to open the account.  There is a $10 service charge if the daily balance falls below the $25,000.00 minimum any day of the statement cycle. 

The Interest Rate on your account is 1.05%, with an Annual Percentage Yield of 1.06%, as long as your average daily balance for the statement cycle is $25,000.00 or more.

If the average daily balance for the statement cycle is less than the $25,000.00 minimum, the entire balance in the account will earn an Interest Rate of 0.05%, with an Annual Percentage Yield of 0.05%.

Deposit Limitations - You may make an unlimited number of deposits into your account.

Limitations on frequency of transfers - You may not make more than six (6) transfers and withdrawals from your account per month by means of a preauthorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties.

Please notify us if checks are lost or stolen. A stop payment order is $25.00. Your stop payment is good for 6 months and must be signed within 14 business days from the date the request was made.

In the event your account becomes overdrawn, your checks may be returned. A $26.00 overdraft/nsf charge per item will be assessed with a daily maximum of $104.00.

A consecutive Overdraft Charge of $6.00 (after 5 consecutive business days overdrawn).  Fee continues every consecutive business day the account is overdrawn.

Check printing fees may vary.

Deposits after 3:00 p.m. will be credited to your account by the close of the next business day.

Fees For Other Services

* In compliance with Truth In Savings Regulations