More Information on Checking Accounts
Minimum Balance = $0.00
Our economy checking was made for you. With no minimum balance and no initial deposit, this is your go-to, everyday checking product. NO hidden fees, no extravagant extras. Just checking made for you, from us.
Monthly Service Fee: $5.00
Money Market Deposit Account
Got some extra cash? Want to earn a little money for doing nothing? The Money Market is for you. There is no downside; you earn interest on your money (always great) and you have full access to it!
Your interest rate and annual percentage yield may change at any time.
Frequency of Rate Changes:
We may change the interest rate on your account daily.
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 Open the Account:
You must deposit $2,500.00 to open this account.
Minimum Balance to Avoid Imposition of Fees:
If your balance falls below $501.00 on any day in the monthly statement cycle, we will impose a service charge fee of $25.00 for that monthly statement cycle. If your balance is at least $501.00 on every day in the monthly statement cycle but falls below $2,501.00 on any day during the monthly statement cycle, we will impose a service charge fee of $15.00 for that monthly statement cycle.
Minimum Balance to Obtain the Annual Percentage Yield Disclosed:
You must maintain a minimum balance of $501.00 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 first business day after the banking day you deposit your noncash items (for example, checks).
Transfers from a Money Market Deposit account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle.