| Money Market
Savings Account Disclosure |
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Balance Information |
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Minimum initial deposit: $2,500.00 |
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No minimum number or amount of
additional deposits. |
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Limited to no more than six (6)
pre-authorized or automatic withdrawals/transfers per
month. |
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Minimum balance requirement |
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Below $2,500.00 interest is earned
at Regular Savings rate. |
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More than six withdrawals a month,
a $5.00 per item maintenance charge will apply. |
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A service charge of $2.00 will
be imposed every calendar month if the balance in
this account falls below $100.00 any day of the
calendar month. This charge will be waived if the
account owner is under the age of 19. |
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Rate Information |
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Variable Interest Rate - Interest Rate
and Annual Percentage Yield may change anytime at our
discretion. |
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Interest is paid on the collected
balance plus the accrued interest that is unpaid,
compounded daily using the Daily Balance Method and
credited to the account monthly |
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Interest is paid on the full amount of
the balance daily even though you might pay a
maintenance charge. |
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Upon closure of the account, any
accrued but not credited interest will be paid to the
customer. |
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Fees:
Charge per item |
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Stop-Payment Request $10.00 |
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Overdraft item $10.00 |
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Return Item $10.00 |
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| "Daily
Cut-off time" per business day: 3:00 p.m. |
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Statement
Cycle: Quarterly
Any pre-authorized or ATM transactions:
Monthly |
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