Truth in Savings Disclosure
Free Checking Account
Minimum deposit to open account - $25.00
Minimum balance to avoid fees – there is no minimum balance required on this account
Interest Checking Account
Minimum deposit to open account - $750.00
Minimum balance to avoid fees – if the daily balance falls below $750 at any time during the statement period, a fee of $7.00 will be charged, in addition to a fee of $.15 per debit over 15 during the statement cycle
Rate information – Contact us for rate information. Your interest rate and annual percentage yield on your account may change on your account at any time.
Daily balance computation – 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.
Interest compounding and crediting frequency – interest is compounded and credited to your account monthly.
Statement Period - Monthly
On non cash items, interest will begin to accrue on the next business day.
If you close your account before the interest is credited, you will not receive the accrued interest.
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Reward Checking Account
Minimum deposit to open account - $25.00
Minimum balance to avoid fees – there is no minimum balance required on this account
Rate Information – Interest will be based on tiers. The daily balance in your account will determine which tier of interest will be used to calculate your interest for that day. Interest is compounded and credited on a monthly basis. Interest paid will be determined by the daily balance and the successful completion of all eligibility requirements shown below. The interest rate and APY on any tiers may change at any time. See rate sheet for current interest rate and annual percentage yield for each respective tier.
Tiered balance requirements for interest rates:
$0.00 - $24, 999.99
$25,000 or more
Daily balance computation – 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.
Interest compounding and crediting frequency – Interest is compounded and credited to your account monthly. Interest paid will be determined by the daily balance and successful completion of all account requirements shown below. You will be paid the higher rate of interest on your first statement cycle regardless of whether or not you met the requirements. On non-cash items, interest begins to accrue on the next business day. If you close your account before the interest is credited, you will not receive the accrued interest.
Eligibility Requirements – To qualify for Reward Checking rates, you must:
- Make 12 debit card point of sale transactions per “qualification cycle” (excludes ATM
transactions)
- Have one direct deposit or ACH debit per qualification cycle
- Maintain a valid e-mail address which you agree to provide to the bank
- Receive your monthly statement electronically during the qualification cycle (when this service is available)
Statement Period – The statement for this account will be generated monthly on the fourth Wednesday. The qualification cycle means a period beginning one day prior to the last statement through one day prior to the next statement.
ATM Fees – If you meet the account eligibility requirements, we will automatically refund the ATM fees applied to your account including surcharges of less than $5 that are imposed when using another bank’s ATM.
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Advantage Club Account
Minimum deposit to open account - $100.00
Monthly service charge – Regardless of the balance, the monthly service charge is $5 per month
Rate information – Contact us for rate information. Your interest rate and annual percentage yield on your account may change on your account at any time.
Daily balance computation – 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.
Interest compounding and crediting frequency – interest is compounded and credited to your account monthly.
Statement Period - Monthly
On non cash items, interest will begin to accrue on the next business day.
If you close your account before the interest is credited, you will not receive the accrued interest.
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Advantage 50 Club Account
Minimum deposit to open account - $100.00
Monthly service charge – Regardless of the balance, the monthly service charge is $4 per month
Rate information – Contact us for rate information. Your interest rate and annual percentage yield on your account may change on your account at any time.
Daily balance computation – 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.
Interest compounding and crediting frequency – interest is compounded and credited to your account monthly.
Statement Period - monthly
On non cash items, interest will begin to accrue on the next business day.
If you close your account before the interest is credited, you will not receive the accrued interest.
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Statement Savings Account
Minimum deposit to open account - $100.00
($25 for minors, students, clubs or churches)
Rate information – Contact us for rate information. Your interest rate and annual percentage yield on your account may change on your account at any time.
Daily balance computation – 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.
Interest compounding and crediting frequency – interest is compounded and credited to your account quarterly.
On non cash items, interest will begin to accrue on the next business day.
If you close your account before the interest is credited, you will not receive the accrued interest.
Statement Period - Semi-annually
Transaction Limitations – Six (6) withdrawals are allowed per statement cycle. A fee of $2.00 per withdrawal will be assessed for any withdrawals over six per statement cycle.
A fee of $25.00 will be assessed if the account is closed within six months of opening the account.
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Christmas Club Savings Account
Minimum deposit to open account - $100.00
($25 for minors, students, clubs or churches)
Rate information – Contact us for rate information. Your interest rate and annual percentage yield on your account may change on your account at any time.
Daily balance computation – 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.
Interest compounding and crediting frequency – interest is compounded and credited to your account quarterly.
On non cash items, interest will begin to accrue on the next business day.
If you close your account before the interest is credited, you will not receive the accrued interest.
Statement Period - Semi-annually
Transaction Limitations – One (1) withdrawal is allowed per statement cycle. A fee of $5.00 per withdrawal will be assessed for any withdrawals over one per statement cycle.
A fee of $25.00 will be assessed if the account is closed within six months of opening the account.
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Tiered Money Market Account
Minimum deposit to open account - $1,000.00
Minimum balance to avoid fees – if the daily balance falls below $1,000 at any time during the statement period, a fee of $7.00 will be charged.
Rate information – Contact us for rate information for current interest rate and annual percentage yield for each respective tier. Your interest rate and annual percentage yield on your account may change on your account at any time.
Tiered balance requirements for interest rates:
$0.00 - $4,999.99
$5,000 - $24,999.99
$25,000 - $49,999.99
$50,000 - $99,999.99
$100,000 or more
Daily balance computation – 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.
Interest compounding and crediting frequency – interest is compounded and credited to your account monthly.
Statement Period - Monthly
On non cash items, interest will begin to accrue on the next business day.
If you close your account before the interest is credited, you will not receive the accrued interest.
*The daily balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.
Transaction Limitations – Six (6) withdrawals are allowed per month (three of which can be transfers and three can be third party checks). A fee of $5.00 per withdrawal will be assessed for any withdrawals over six per month.
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Individual Retirement Accounts
Minimum deposit to open account - $250.00
Rate information – Contact us for rate information. Interest rates will be determined by current rate in effect at maturity date for self-renewing accounts.
Daily balance computation – 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.
Interest compounding and crediting frequency – interest is not compounded and is credited to your account at maturity.
Statement Period - Annually
On non cash items, interest will begin to accrue on the next business day.
If you close your account before the interest is credited, you will not receive the accrued interest.
Penalty for early withdrawals – A penalty may be imposed for withdrawals made before maturity. For maturities of 12 months or less, the penalty for early withdrawal is one (1) month’s interest. For maturities of longer than 12 months, the penalty for early withdrawal is three (3) month’s interest. Special rules apply to these accounts concerning contributions and distributions. See a Customer Service Professional for details.
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Certificates of Deposit
Minimum deposit to open account - $250.00
Rate information – Contact us for rate information. Interest rates will be determined by current rate in effect at maturity date for self-renewing accounts.
Daily balance computation – 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.
Interest compounding and crediting frequency - interest is compounded and credited to your account monthly, quarterly, semiannually, annually, at maturity or as agreed upon at the time the account is opened.
On non cash items, interest will begin to accrue on the next business day.
If you close your account before the interest is credited, you will not receive the accrued interest.
Penalty for early withdrawals – A penalty may be imposed for withdrawals made before maturity. For maturities of 7-31 days, the penalty for early withdrawal is the greater of (1) all interest earned on the amount withdrawn from the most recent date of deposit or last renewal, or (2) all interest that could have been earned on the amount withdrawn during a period equal to one-half of the maturity date, or (3) an amount at least equal to seven (7) days’ interest earned. For maturities of 32 days up to 12 months, the penalty for early withdrawal is at least equal to one (1) months’ interest earned or that could have been earned. For maturities of longer than 12 months, the penalty for early withdrawal is at least equal to three (3) months’ interest earned or that could have been earned
Renewal Policy – If a certificate is single maturity and does not automatically renew, present it promptly at maturity as no interest is payable after the maturity date. If the certificate will automatically renew, you will have a grace period of from maturity date to present this certificate for payment without penalty. If the certificate automatically renews, it will be renewed at the rate in effect at this institution on the date of maturity.
The annual percentage yield (APY) assumes that interest remains on deposit until maturity. A withdrawal will reduce earnings. After the account is opened, you may not make any deposits into or withdrawals from the principal in the account until the maturity date.
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Other Fees
Account Balancing |
$10/hour |
Account Research |
$10/hour |
ACH Stop Payment |
$25 |
ATM Fees: |
|
- Inquiry |
Free |
- PIN reminder |
Free |
- Withdrawal From ATM
Out Of Our Bank Network |
$1.00 |
Cashier’s Check |
$5.00 |
Check Card (1st card) |
Free |
Check Card Replacement (lost or stolen) |
$3.00/card |
Check Card Cash Advance from Teller |
$3.00 |
Check Cashing – Non Customer |
$5.00 |
Check Orders |
Varies according to style and quantity |
Fax Services |
$1.00/page |
Interim or Duplicate Bank Statement |
$2.00 |
Money Orders |
$0.69 |
Official Checks |
$2.00 (customers)
$3.00 (non-customers) |
Non-Sufficient Funds (NSF) Fee* |
$22.00 |
Replace Loan Coupon Book |
$3.00 |
Safe Deposit Box Fees |
sizes and fees vary by branch |
- drilling fee |
$10.00 + cost to drill |
- lost key fee |
$10.00 |
Stop Payment |
$25.00 |
Telephone Funds Transfer |
$1.00 |
(Does not apply to transfers made through automated Customer Connection) |
Travelers Cheques |
|
- Single Signature |
1.00% of amount purchased |
- Two Signature |
2.00% of amount purchased |
Wire Transfer |
|
- Customer |
$15.00 outgoing |
- Non-Customer |
$10.00 incoming |
- Non-Customer |
$20.00 outgoing |
- International |
$40.00 (customers only) |
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