Savings Accounts

Regular Savings:

• Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate changes - At our discretion, we may change the interest on your account.
• Compounding and crediting frequency - Interest will be compounded quarterly. Interest will be credited to your account quarterly.
• 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 noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
• Deposit Limitations - You may make an unlimited number of deposits into your account.

Money Market Savings:

• Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate changes - At our discretion, we may change the interest on your account.
• Tier 1 - $25,000.01 or above
• Tier 2 - $10,000.01 to $25,000.00
• Tier 3 - less than or equal to $10,000.00
• Compounding and crediting frequency - Interest will be compounded monthly. Interest will be credit to your account monthly.
• 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 noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
• Minimum Balance to open - The minimum balance required to open a Money Market Savings account is $2,500.00
• Deposit Limitations - You may make an unlimited number of deposits into your account.