 |
| Security
and Flexibility in One Commercial Account |
| up
to $24,999.991 |
- |
0.85
% APY* |
| $25,000
to $49,999.99 |
- |
1.00 % APY* |
| $50,000
- $74,999.99 |
- |
1.15 % APY* |
| $75,000
- $249,999.99 |
- |
1.30 % APY* |
| $250,000
and Above** |
|
1.50 % APY* |
| 1. as
long as minimum or average daily balances are
maintained |
|
Our
Commercial Passbook Savings Account earns an exceptional
return. It offers maximum flexibility because withdrawals
can be made at any time without penalty. Start your account
with as little as $250. Your account will earn interest
at the current rate on collected funds. Interest is compounded
quarterly to date of withdrawal. A minimum average daily
balance of $250 is required on this account. The average
daily balance is calculated by adding the principal in
the account each day and dividing that figure by the number
of days in the fee period.
The minimum balance on this account is $250. Interest
is paid quarterly on a calendar year basis. Interest
will not be paid for any day the balance is below $250.
If the average balance in the quarterly statement cycle
is below $250 a $2 service charge will be assessed.
Withdrawals in excess of six per quarter will be charged
$2 each. Accounts closed within 90 days of opening will
incur a $5 charge. A $5 charge will apply to replace
any lost passbook. |
*
Annual Percentage Yield. Interest Rates are subject
to change without notice. Fees may reduce earnings.
Minimum balances
apply as follows: Savings account - average daily balance
of $250. Money Market - average daily balance of $5,000.
Rate effective 12.01.08.
** Different rates on deposit balances in excess of $500,000 may apply. |
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