- You must deposit $100.00 to open this account.
- 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 on your account will be compounded quarterly.
- Interest will be credited to your account quarterly.
- Interest begins to accrue no later than the business day we receive credit for the deposit of non cash items.
- The interest rate on this account is variable. We may change the interest rate on your account at our discretion.
- You will receive a statement for this account at least quarterly.
- During any month you may not make more than 6 withdrawals or transfers to another account of yours or an automatic transfer or telephone order or instruction, computer transfer.
- You may make six free (6) debits from your account each quarter. A fee of $2.00 will be imposed for each subsequent debit.
- Please contact customer service at 256-845-6101 to obtain the current interest rate and annual percentage yield for this account.
- $5.00 minimum deposit.
- 50 week program beginning in the month of November each year.
- Coupon book or automatic withdrawal.
- Interest is paid at the end of the term.