Savings Account

Rate Information: 
Your interest rate and annual percentage yield may change.
 
Frequency of rate changes: We may change the interest rate on your account at any time.

Determination of rate:  At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency:  Interest will be compounded every quarter. Interest will be credited to your account every quarter.

Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.

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 non-cash deposits: Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

Transaction limitations:
You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. Three (3) of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

Fees:
A per debit charge fee of 50¢ will be charged for each debit transaction in excess of six per quarter.

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