Requirements:

• Minimum balance to open $1,000.00

Rate Information:

• At our discretion, your interest rate and annual percentage yield may change on your account at any time.
• 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 $1,000.00 any day of the monthly cycle.
• A debit fee of $0.20 will be charged for each debit transaction. This fee will apply if the minimum balance falls below $500.00.