- Minimum balance to open account is: $50.00
- Service Charge if the balance in the account is less than $50.00 any day of the calendar month: $2.00
- Excess Withdrawal fee for each debit in excess of 6 per calendar month: $1.00
- Upon request, this account is available without a minimum deposit or maintenance fee for minors age 18 and under.
At our discretion, we may change the interest rate at any time. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the ledger balance in your account each day. Interest will be compounded quarterly and credited to your account on the last business day of each calendar quarter. If you advise us that you are closing your account, interest will be paid up to the date of closing. Interest begins to accrue on the business day you deposit either cash or non-cash items (for example, checks).
Transaction Limitations: Your account is limited to 6 preauthorized debits each calendar month (the calendar month will be considered to end on the last business day of the month). Preauthorized debits include transfers authorized by telephone and both transfers and payments authorized in advance by agreement.