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Rate Information: |
At our discretion, we may change the interest rate for this account. The interest rate on this account is 0.750% with an annual percentage yield of 0.75%. The interest rate and annual percentage yield may change at any time. |
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Compounding Frequency: |
Interest will be compounded semiannually. |
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Crediting Frequency: |
Interest will be credited into this account semiannually. |
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Daily Balance Computation Method: |
Interest is calculated by the daily balance method which applies a daily periodic rate to the bablance in the account each day. |
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Accrual of Interest on Non-Cash Deposits: |
Interest will begin to accrue no later than the business day we receive credit for the deposit of noncash items (for example checks) into your account. |
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Minimum Balance to Open: |
$25.00 |
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Minimum Balance to Obtain the Disclosed Annual Percentage Yield: |
You must maintain a minimum daily balance of $25.00 in your account each day to obtain the disclosed annual percentage yield. |
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Minimum Balance to Avoid a Fee: |
If your balance falls below $200.00 on any day in the month, your account will be subject to a $0.50 Service Fee for that month. |
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Deposit Limitations: |
You may make unlimited deposits into your account. |
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Additional Terms: |
If there is EFT (Electronic Funds Transfer) activity on this account your statement cycle will be monthly. |
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Copyright Racine Home National Bank, 2004 |
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