• The minimum balance required to open this account is $ 50.00 (regular) $ 25.00
  (New generation)

COMPOUNDING AND CREDITING INTEREST:

•  Interest will be compounded every quarter. Interest earned will be credited to your account quarterly. If the balance in the account falls below $10.00 we will not pay interest.

TRANSACTION LIMITS:

• You are limited to nine withdrawals per quarter. If you have more than nine withdrawals per quarter, there is a charge of $ 1.00 per withdrawal.

NOTICE:

• The depository institution reserves the rights to require at least seven days notice prior to withdrawal or transfer of any funds in this account. Your daily balance on each day is the ending balance of the account from the previous day, plus deposits and minus withdrawals made that business day.

**NEW GENERATIONS (0-14 YEARS OF AGE)

• You will receive a gift certificate annually on the month of your birthday. Minimum average balance required $25.00

**ALL INTEREST BEARING ACCOUNTS:
These accounts have tiered interest rates, see interest rate schedule for rates. However if the account balance falls below the minimum required balance for the month, these accounts will not earn interest.
DETERMINATION OF RATE: At our discretion, we may change the interest rate on your account.
RATE INFORMATION: Your interest rate and annual percentage yield may change.
FREQUENCY OF RATE CHANGES: At our discretion, we may change the interest rate on your account daily.
COMPOUNDING AND CREDITING INTEREST: Interest will be compounded every month. Interest earned will be credited to your account monthly.
BALANCE FOR INTEREST: We use the average daily collected balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period.
EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will not receive the accrued interest.
ACCRUAL OF INTEREST ON NON CASH DEPOSITS: Interest begins to accrue no later than the business day we receive credit for the deposit of non cash items (for example, checks).
Your daily balance on each day is the ending balance of the account from the previous day, plus deposits and minus withdrawals made that business day.