Name: Passbook Savings
Rate Information: At our discretion, we may change the interest rate for this account. The interest rate on this account is 0.07% with an annual percentage yield of 0.07%. The interest rate and annual percentage yield may change at any time.
Compounding Frequency: Interest will be compounded semiannually.
Crediting Frequency: Interest will be credited into this account semiannually.
Daily Balance Computation Method: Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
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.
Minimum Balance to Open: $25.00
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.
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 $2.00 Service Fee for that month.
Deposit Limitations: You may make unlimited deposits into your account.
Additional Terms: If there is EFT (Electronic Funds Transfer) activity on this account your statement cycle will be monthly.
Limitations on frequency of transfers: