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Super Checking

Overview – This account is an interest bearing checking account that uses tiers to allows customers to earn an increasing rate of interest.

Highlighted features - Unlimited check writing privileges (customers may purchase checks from Deluxe at the bank).  Debit/ATM card, Internet Banking with option of Bill-Pay service also available.

Minimum balance to open the account – $2,500 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.

The tier balances are as follows:

Tier 1 –$ 100 to $ 9,999.99

Tier 2 –$ 10,000 to $24,999.99

Tier 3 –$ 25,000 to $49,999.99

Tier 4 –$ 50,000 to $99,999.99

Tier 5 –$100,000 or greater

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 open to avoid imposition of fees – A service charge fee of $10 will be imposed every statement cycle if the balance in the account falls below $100 any day of the cycle.

Minimum balance to obtain annual percentage yield disclosed – A minimum balance of $100 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).