Minimum
balance to open the account - We require a deposit of $300.00
to open this account.
Minimum balance to avoid imposition
of fees - If your average
daily balance falls below $300.00 for the month we will
impose a monthly service charge fee of $7.50 once during
the statement cycle. The average daily balance is calculated
by adding the principal in the account for each day of
the period and dividing that figure by the number of
days in the period.
If your average daily balance is at least $300.00 but
no more than $499.99 for the month we will impose a monthly
service charge fee of $5.00 once during the statement
cycle.
The average daily balance is calculated by adding the
principal in the account for each day of the period and
dividing
that figure by the number of days in the period.
If your average daily balance is at least $500.00 but
no more than $749.99 for the month we will impose a monthly
service charge fee of $3.50 once during the statement
cycle.
The average daily balance is calculated by adding the
principal in the account for each day of the period and
dividing
that figure by the number of days in the period.
If your average daily balance is at least $750.00 but
no more than $999.99 for the month we will impose a monthly
service charge fee of $2.50 once during the statement
cycle.
The average daily balance is calculated by adding the
principal in the account for each day of the period and
dividing
that figure by the number of days in the period.
If your average daily balance is $1,000.00 or more no
monthly service charge will be imposed.
Fees:
An excessive debit fee of $.20 will be charged
for each debit in excess of 25 during a month.
This fee will not
apply if you maintain an average daily balance of $1,000.00
in the account.
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