Checking

Debit Cards

Interest Rates and APYs Effective as of March 27, 2013

Free Checking Account – NonInterest Bearing

No minimum balance to open the account
Fees – No per item or monthly maintenance fees
Limitations – No limit to transactions per month
An ATM and/or Debit Card is available to use in conjunction with this account for $2.00 plus any applicable tax each month.

Regular Checking Account – NonInterest Bearing

Minimum balance to open the account – $50.00
Minimum balance to avoid imposition of fees – If your lowest monthly balance falls below $100.00 the monthly maintenance fee will be $5.00 plus any applicable tax for that month.
If your lowest monthly balance falls between $199.99 and $100.00 the monthly maintenance fee will be $4.00 plus any applicable tax for the month.
If your lowest monthly balance falls between $299.99 and $200.00 the monthly maintenance fee will be $3.00 plus any applicable tax for that month.
If your lowest monthly balance falls between $399.99 and $300.00 the monthly maintenance fee will be $2.00 plus any applicable tax for that month.

*Now Checking Account – Interest Rate 0.10% APY 0.10%

Interest Rate Information – Interest rate and annual percentage yield may change
Frequency of interest rate changes – We may change the interest rate on your account at any time.
Determination of interest rate – At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency – Interest will be compounded and credited to your account every month.
Minimum balance to open the account – $500.00
Minimum balance to avoid imposition of fees – A monthly maintenance fee of $5.00 plus $.20 per check in excess of 20 checks in a monthly cycle plus any applicable tax will be imposed every monthly statement cycle if the balance in the account falls below $500.00 any day of the cycle.
Minimum balance to obtain Annual Percentage Yield – $500.00
Daily balance computation method – We use the daily balance method to calculate the interest on your account. This method applies a daily periodic interest rate to the principal in the account each day.
Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks). If you close your account before interest is credited, you will not receive the accrued interest.

*Money Market Checking Account – Interest Rate 0.10% APY 0.10%

Interest Rate Information – Interest rate and annual percentage yield may change
Frequency of interest rate changes – We may change the interest rate on your account at any time.
Determination of interest 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.
Minimum balance to open the account – $1,000.00
Minimum balance to avoid imposition of fees – A monthly maintenance fee of $5.00, plus $.20 per check in excess of 20 checks per month plus any applicable tax, if the balance in the account falls below $1,000.00 any day of the cycle.
Minimum balance to obtain Annual Percentage Yield – $1,000.00
Daily balance computation method – We use the daily balance method to calculate the interest on your account. This method applies a daily periodic interest rate to the principal in the account each day.
Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks). If you close your account before interest is credited, you will not receive the accrued interest.

*We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D.
*APY (Annual Percentage Yield) assumes interest will remain on deposit until maturity. Deposit terms are subject to change without notice and some limitations may apply. Contact us for further information about applicable fees and terms on deposit accounts. Interest rates and yields are accurate for the date listed. Each depositor is insured up to $250,000.
In accordance with Section 326 of the USA PATRIOT ACT signed October 26, 2001 all persons are subject to the identity verification requirements even though they may be a long term customer of and well known to the Bank.

For the purpose of the regulation, an “account” includes every formal banking relationship that entails ongoing services, dealings or transactions. Some examples are a deposit account, loan, trust relationship or safe deposit box rental.

If you request to open an account or become a signatory on an account with the Bank and the Bank has not previously verified your identity under the new regulatory requirements, the Bank may request documentary verification of your identity, such as driver’s license or passport and/or it will verify your identity through other non-documentary methods. We will ask for your name, address, date of birth, and other information that will allow us to identify you. Similar identification requirements apply to business entities such as corporations and partnerships.

In all cases, protection of our customer(s)’s identity and confidentiality is the Bank’s pledge to you.