The interest rate and annual percentage yield stated below are accurate as of the date printed above. If you would like more current rate and yield information, please contact us or visit one of our locations. This disclosure contains the rules which govern your deposit account. Unless it would be inconsistent to do so, words and phrases used in this disclosure should be construed so that the singular includes the plural and the plural includes the singular. We reserve the right at any time to require not less than 7 days notice in writing before any withdrawal from an interest-bearing account.
Variable Rate
The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change. See Rate Tiers below.
Frequency of Rate Change
We may change the interest rate on your account at any time.
Minimum Balance Requirements To obtain the annual percentage yield disclosed. You must maintain a minimum average daily balance of $750.00 to obtain the disclosed annual percentage yield. The average daily balance is calculated by adding the principal to 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 a statement cycle.
Compounding and Crediting Frequency. Interest will be compounded monthly. Interest will be credited monthly to your account. Effect of close an account. If you close your account before interest is credited, you will not receive the accrued interest.
Balance Computation Method Average Daily Balance Method. We use the average daily balance method to calculate 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 a statement cycle.
Accrual of Interest on Noncash Deposits
Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Monthly membership fees:
Single membership fee is $7.00
Family membership fee is $8.50
Club Benefits
Two free boxes of checks per calendar year (wallet or duplicate)
Free Traveler's Checks, money orders, and cashier's checks
Free bi-annual ATM/Debit card
Free photo copies (10 per month)
1/2 price safe deposit box (up to $10.00)
Unlimited check writing
Rate Tiers that May Affect this Account
If your average daily balance for the cycle is more than or equal to $750.00, but less than or equal to $2,499.99, the interest rate paid on the entire balance in your account will be .50%. At our discretion, we may change the interest rate on this tier. The annual percentage yield is .50%.
If your average daily balance for the cycle is more than or equal to $2,500.00, but less than or equal to $24,999.99, the interest rate paid on the entire balance in your account will be .70%. At our discretion, we may change the interest rate on this tier. The annual percentage yield is .70%.
If your average daily balance for the cycle is $25,000.00 or more, the interest rate paid on the entire balance in your account will be .90%. At our discretion, we may change the interest rate on this tier. The annual percentage yield is .90%.