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 Avoid Imposition of Fees – N/A
- Minimum Balance to Open the Account – You must deposit $10.00 to open this account.
- Minimum Balance to Obtain the Annual Percentage Yield Disclosed – You must maintain a minimum balance of $10.00 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 Noncash Deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).
- Click here for our current rates.
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