Truth in Savings Account Disclosure – Personal Money Market Deposit Account

Rate Information – Your interest rate and annual percentage yield may change at any time at the Bank’s discretion.
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 on the business day you deposit noncash items (for example, checks).
Compounding and crediting frequency – Interest will compound every month and be credited to your account on the last day of your statement cycle
Minimum balance to open the account and earn interest – You must deposit $2,500 to open this account and maintain a minimum balance of $.01 to earn interest.
Minimum balance to avoid imposition of fees – A service charge fee of $10 will be imposed every statement cycle if the balance in the account falls below $2,500 any day of the cycle or if the average daily balance in the account for the cycle falls below $1,000. 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.
Overdraft Fee Transaction Categories – The categories of transactions for which an overdraft fee may be imposed are those by any of the following: check, in-person withdrawal, ATM Withdrawal, or other electronic means.
Monthly check image fee – $3.00 (to avoid imposition of image fee contact staff to signup to not receive images or signup for e-statements)
Inactivity fee and Dormant fees apply reference fee schedule.