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- Interest begins to accrue on the business day you deposit non-cash
items (checks). We use the daily balance method to calculate the interest
on your certificate of deposit. This method applies a daily periodic
rate to the principal in the certificate of deposit each day.
- If interest compounding occurs during the term of the certificate
of deposit, the annual percentage yield disclosed assumes interest
will remain on deposit until maturity. A withdrawal will reduce earnings.
- If you close your account before interest is credited, you will
receive the accrued interest.
- For certificates of deposit that WILL automatically renew at maturity,
you will have 10 calendar days after the maturity date to withdraw
funds without penalty.
- For certificates of deposit that WILL NOT automatically renew at
maturity, interest accrued after maturity will not be paid.
- Certificates of deposit may be purchased for various terms
- Additional account disclosure information is provided upon request.
- $2500.00 minimum deposit for 30-90-182 day certificates of deposit.
- $1000.00 minimum deposit for 12-24-36-48-60 month certificates of
deposit.
- The following penalty may be charged to your certificate of deposit
if you withdraw any principal before the maturity date:
- For deposits with an original maturity of less than three months,
the penalty will be the forfeiture of all simple interest that
could have been earned on the face value of the Certificate.
- For deposits with an original maturity of three months to one
year, the penalty will be the forfeiture of three months simple
interest on the face value of the Certificate.
- For deposits with an original maturity of more than one year,
the penalty will be the forfeiture of six months simple interest
on the face value of the Certificate.
- If sufficient interest has not accrued at the time of withdrawal,
principal will be reduced to the extent necessary to meet the required
penalty.
- The amount of the penalty will be calculated using the interest
rate in effect on your account at the time of the withdrawal.
- Early withdrawals made because of death or judicially declared incompetence
of a depositor would not be penalized.
- Early withdrawal penalties may not always apply to IRA accounts.
See your IRA account literature for details.
| Check printing |
Dependent on style of check ordered. |
| Stop payment |
$ 10.00 |
| Overdraft |
$ 15.00 |
| Returned Check |
$ 15.00 |
| ACH Return |
$ 15.00 |
| Wire Transfers: Incoming (non-deposit customer) |
$ 5.50 |
| Outgoing |
$ 15.00 |
| Cashiers Check |
$ 2.00 |
| Travelers Cheques |
$ 1.00 per hundred |
Personal Money Order:
|
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| $0 - $ 250 |
$ 1.00 |
| $ 251 - $ 1,000 |
$ 2.00 |
| Passbook Replacement |
$ 1.00 |
| Collection Item |
$ 1.00 |
| Bond Coupons |
$ 5.00 |
| FAX: 1st sheet |
$1.75 - each sheet thereafter $ 1.00 |
| Photocopies: per page |
$ .10 |
| Account Reconcilement: per hour |
$ 25.00 |
| Account Research: per hour |
$ 25.00 |
| Safe Deposit Box drilling |
To be billed at the cost of the Provider. |
| Safe Deposit Box replacement key |
$ 12.00 |
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