TRUTH-IN-SAVINGS DISCLOSURE
- Rate 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 Open the Account – You must deposit $10.00 to open this account.
- Minimum Balance to Obtain the Annual Percentage Yield Disclosed – See tiers below:
- Tier 1 – If your daily balance is $50,000.00 or more, the interest rate paid on the entire balance in your account will be .20%, with an annual percentage yield of .20%.
- Tier 2 – If your daily balance is more than $14,999.99, but less than $50,000.00, the interest rate paid on the entire balance in your account will be .15%, with an annual percentage yield of .15%.
- Tier 3 – If your daily balance is more than $9.99, but less than $15,000.00, the interest rate paid on the entire balance in your account will be .05%, with an annual percentage yield of .05%.
- 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 Noncash Deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).
- Fees – A withdrawal fee of $2.00 will be charged for each withdrawal in excess of 10 per statement cycle at ATMs we do not own or operate.
- Notice of Changes – We have the right to change or add to this disclosure by posting a notice of the change in the Bank or by mailing you a notice if required by law.
- Click here for our current rates.
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