| Credit against fees: |
The account features an earnings credit which
is applied to reduce or eliminate fees on the account. If the
earnings credit exceeds the fees for any period, you will be assessed no
fees but you will not be paid, carry forward, or otherwise receive credit
for any excess earnings credit.
The earnings credit will be calculated by applying the periodic
earnings credit rate to the average daily balance in the account for the
period. Currently, the periodic earnings credit rate for your
account is $.10 per $100.00 of balance. At any time and at our
discretion, the periodic earnings credit rate may change. The
average daily balance is calculated by adding the principal in the account
for each day of the period and dividing by the number of days in the
period. The period we use is the monthly statement cycle.
You do not need to maintain any minimum average daily balance during
the monthly statement cycle in order to receive the credit.
Earnings credit begins to accrue on the business day you deposit
non-cash items (for example, checks). |