Open Account

Our Personal Money Market account offers variable, tiered interest rates based on your account balance. The monthly service charge fee can be avoided by meeting an average daily balance.

Rate Information – Your interest rate and annual percentage yield may change.

Frequency of rate changes – This is a tiered rate account and the amount of interest paid will depend on the balance maintained as described below. We may change the interest rate on your account at any time.

Compounding and crediting frequency – Interest will be compounded and credited every month to your account.

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

Minimum balance to open the account – You must deposit $100.00 to open this account.

Minimum balance to avoid imposition of fees – A service charge fee of $15.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $2,500.00. 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 obtain the annual percentage yield disclosed – You must maintain a minimum average daily balance of $2,500.00 to obtain the disclosed annual percentage yield. 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. The period we use is the monthly statement cycle.

Average daily balance computation method – We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. 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. The period we use is the monthly statement cycle. Accrual of interest on noncash deposits.

Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Rate Information:
· Tier 1 – If your average daily balance is more than $2,499.99, but less than $10,000.00, the interest rate paid on the entire balance in your account will be 0.03 % with an annual percentage yield of 0.03 %.
· Tier 2 – If your average day balance is more than $9,999.99, but less than $50,000.00, the interest rate paid on the entire balance in your account will be 0.25 % with an annual percentage yield of 0.25 %
· Tier 3 – your average daily balance is more than $49,999.99, but less than $100,000.00, the interest rate paid on the entire balance in your account will be 0.45 % with an annual percentage yield of 0.45 %.
· Tier 4 – If your average daily balance is more than $99,999.99, but less than $500,000.00, the interest rate paid on the entire balance in your account will be 0.50 % with an annual percentage yield of 0.50 %.
· Tier 5 – If your average daily balance is $500,000.00 or more, the interest rate paid on the entire balance in your account will be 0.55% with an annual percentage yield of 0.55 %.