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Senior Checking

Overview – This account is a product that is only available to our customers that have received the distinction of reaching their 55th birthday.  This account allows you to earn interest on qualifying balances, but does not charge a monthly service fee.

Highlighted features - Unlimited check writing privileges, plus first order of checks are free (limited selection/wallet only), Debit/ATM card and Internet Banking with the option of Bill-Pay service.

Minimum balance to open the account – $100 minimum balance to open. 

Rate Information – Account rates are available at all branches and also posted online for customer convenience.  The interest rate and annual percentage yield may change on the account at any time and at our discretion.

Compounding and crediting frequency – Interest will be compounded and credited to the account every month. 

Effect of closing an account – If the account is closed before the interest is credited, you will not receive the accrued interest.

Minimum balance to avoid imposition of fees – There are no minimum balance fees. 

Minimum balance to obtain the annual percentage yield disclosed – A minimum balance of $350 must be maintained in the account each day to obtain the disclosed annual percentage yield.

Daily balance computation method – We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on non-cash deposits – Interest begins to accrue on the first business day after the banking day the non-cash items were deposited (for example, checks).