|Minimum Balance to Open||$1,000|
|Minimum Balance to Obtain APY*||$1,000|
|Compound Periods Per Year||12|
|Monthly Fee||$10 per statement cycle if average daily balance is below $1,000|
Your interest rate and annual percentage yield may change.
Determination of rate
At our discretion, we may change the interest rate on your account.
Frequency of rate change
We may change the interest rate on your account at any time.
Limitation on rate changes
There are no maximum or minimum interest rate limits for this account.
Compounding and crediting
Interest will be compounded monthly and will be credited to your account monthly.
Effect of closing an account
Interest will be paid at the time your account is closed.
Minimum balance to open the account
You must deposit $1,000 to open this account.
Minimum balance to avoid imposition of fees
A minimum balance fee of $10 will be imposed every statement cycle if the average daily balance for the statement cycle falls below $1,000. This minimum balance fee will be imposed as a service charge on the statement. Fees could reduce earnings on the account.
Average daily balance computation method
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. You must maintain a minimum daily balance of $1,000 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.
Accrual of interest on non-cash deposit
Interest begins to accrue on the first business day after the banking day you deposit non-cash items (for example, checks).
You will receive a monthly statement with your check images.
*Variable Rate-Rates May Change After Account Is Opened