Savings Accounts
STATEMENT SAVINGS:
Initial minimum deposit - $100.00
No minimum balance
A fee of $1.00 will be charged for each withdrawal in excess of 6 per month.
Transfers to another account or to third parties by preauthorized, automatic, or by telephone are limited to six(6) per calendar month, with no more than three (3) by check, draft, or similar order to third parties; thereafter each withdraw will be $1.00.
LOONEY TUNE SAVINGS
Initial minimum deposit - $10.00
No minimum balance
A fee of $1.00 will be charged for each withdrawal in excess of 6 per month.
Transfers to another account or to third parties by preauthorized, automatic, or by telephone are limited to six(6) per calendar month, with no more than three (3) by check, draft, or similar order to third parties; thereafter each withdraw will be $1.00.
TUITION ADVANTAGE SAVINGS
There is no minimum balance.
You will receive a convenient Tuition Advantage Club coupon book to make deposits to your account at any time and for any amount. Upon request an estimated calculation can be done for your Tuition Savings Plan
CHRISTMAS CLUB
There is no minimum balance.
There are no withdrawals allowed.
Deposits may be made in any amount or at anytime.
The account balance plus interest will be paid in November of each year.
TRUTH-IN-SAVINGS DISCLOSURE ON INTEREST BEARING SAVINGS ACCOUNTS
Compounding and Crediting:
Interest will be calculated daily and credited quarterly. Christmas club is credited in November of current year.
Balance Computation:
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.
Interest begins to accrue on the business day you deposit noncash items.
There is no minimum balance required to earn interest. If you close your account before your statement cycles you do not receive any interest for that cycle. Your interest rate and annual percentage yield may change at any time based on market rate.