Rate information - At our discretion, we may change the interest rate for this account at any time. If you would like current rate and yield information, please call us at (877)678-0909. The interest rate and annual percentage yield may change at any time.
Compounding frequency - Interest will be compounded quarterly.
Crediting frequency - Interest will be credited into this account quarterly.
Effect of closing an account - If you close your account before interest is paid, you will not receive the accrued interest.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the first business day after the banking day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $100.00.
Minimum balance to avoid Service charge - If your balances falls below $100.00 on any day in the statement cycle, your account will be subject to a $10.00 Service Charge for that statement cycle.
Deposit limitations -You may make an unlimited number of deposits into your account.
Limitations on frequency of transfers - Transaction Limitations
You are allowed six (6) free debits from your account each statement cycle. Debits in excess of six (6) will incur a $5.00 per Excessive Item Fee.
Your six (6) free debits may include transfers and withdrawals or a combination of such transfers and withdrawals per the statement cycle of at least 4 weeks. Not included in your limited transactions are transactions that you make by mail, in person, by telephone (with check mailed to you), messenger, ATM or an item to repay loans you have with us.
NOTE: Regulatory guidance has classified this account as a Savings Deposit account; excessive occurrences of non-permitted transactions may constitute re-classifying or closing this account.