Requirements:

• Minimum balance to open $1,500.00

Rate Information:

• At our discretion, your interest rate and annual percentage yield may change on your account at any time.
• If your balance falls below $1,000.00, the interest rate reverts to the current NOW account interest rate.
• Interest will be compounded and credited to your account every statement cycle.
• We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the quarterly statement cycle.
• Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).   

Cost:

• A balance fee of $7.50 will be imposed on each monthly statement cycle if the minimum balance for the monthly statement cycle falls below $1,500.00 any day of the monthly cycle.
• A debit fee of $3.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer, or payment out of this account) in excess of 6 during a monthly statement cycle.

Transaction limitations:

• Transfers from a Money Market Demand account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to 6 per quarterly statement cycle with no more than 3 transfers by check, draft, debit card, or similar order to third parties.