Savings Disclosures
Statement Savings
*Interest rate may vary. Interest is calculated daily and credited quarterly to the statement savings account. Interest will be paid on daily balances over $10 and will accrue from the date of deposit to the date of withdrawal. If the daily balance drops below $100 a service fee of $2 will be assessed each month. Minimum balance requirements are waived for customers age 18 and under and individuals over age 62 (senior citizens must notify the bank of their age to qualify for the fee waiver) that have direct deposit of retirement benefits.
Premium Savings
**Interest rate may vary. Interest is calculated daily and credited quarterly to the statement savings account. Interest will be paid on daily balances over $1,000 and will accrue from the date of deposit to the date of withdrawal. Interest begins to accrue on the business day the non-cash items (i.e. checks) are deposited. A minimum balance fee of $25 will be imposed every month if the daily balance in the account falls below $1,000 any day of the month. Account holder may only make 6 pre-authorized transfers from your account each statement period.
Club Account
1 Interest rate may vary. Interest is calculated daily and credited quarterly to the statement savings account. Interest will be paid on daily balances over $10 and will accrue from the date of deposit until the time annual payout. Club account customers are sent a check at the end of October for the balance of their account (including all interest earned). The next deposit after this time will reactivate the account. Accrued interest will be lost if account is closed prior to annual payout.
Money Market
Minimum Interest rate may vary. Interest is calculated daily and credited quarterly to the statement savings account. Interest will be paid on daily balances over $1,000 and will accrue from the date of deposit to the date of withdrawal. Interest begins to accrue on the business day the non-cash items (i.e. checks) are deposited. A minimum balance fee of $25 will be imposed every month if the daily balance in the account falls below $1,000 any day of the month. Account holder may only make 6 pre-authorized transfers from your account each statement period.
With the ever increasing costs of higher education, it is important to plan ahead and start saving early.
The SBA 504 Loan Program is an economic development loan program that provides...
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