NOW ACCOUNT (Negotiable Order of Withdrawal)




RETURN TO ACCOUNTS

Rate information
Your interest rate and annual percentage yield may change.

Frequency of rate changes
We may change the interest rate on your account every week.

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 your close your account before interest is credited, you will not receive the accrued interest.

Minimum balance to avoid imposition of fees
A NOW account minimum balance fee of $8.00 will be imposed every statement cycle unless you maintain either a minimum daily balance of $1,000.00 or a minimum average daily balance of $2,500.00 for the monthly statement cycle. 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.

Minimum balance to open the account
You must deposit $1,000.00 to open this account.

Minimum balance to obtain the annual percentage yield disclosed
You must maintain a minimum balance of $1,000.00 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Fees
A NOW account per item fee of $.15 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account). This fee will apply if the minimum daily balance of $1,000.00 or the minimum average daily balance of $2,500.00 for the statement cycle is not met.

No other account maintenance fees apply.

Rate Tiers

Tier Dollar Amount

$ 0.00 - $ 999.00
$ 1,000.00 - $ 9,999.00
$ 10,000.00 - $ 24,999.00
$ 25,000.00 - $ 49,999.00
$ 50,000.00 & above

 



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