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*APY: Annual Percentage Yield
Minimum $10,000 to open this account and to obtain the APY.
A service charge of $15.00 will be charged if the balance falls below $10,000 at any time during the calendar month.
Interest rates are variable and are adjusted on the first day of each calendar month. The rate is indexed to the 90 day discounted Treasury Bill rate as quoted in the Wall Street Journal on the last published day of the month.If the balance falls below $10,000, the interest rate will be based on the bank's NOW account rate for the entire month.
Interest is compounded monthly and credited to the account.
Depositor may make no more than six pre-authorized withdrawals or third party checks, which includes debit card transactions, per month. There are no restrictions on withdrawals made through Automatic Teller Machines, at the teller line, mail or by messenger.
ATM access is available.
A $15.00 fee if the account is closed within 90 days of opening.
Personalized check required if third party checks are anticipated. Depositor is charged for these checks.
Fees could reduce earnings on this account.
NOTE: The interest rate schedule is based on
the 90 day treasury bill discounted rate of .90% which was the rate in effect as of 4/30/04 |
