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PERSONAL SAVINGS ACCOUNT
- You must deposit $100.00 to open this account.
- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
- Interest on your account will be compounded quarterly.
- Interest will be credited to your account quarterly.
- Interest begins to accrue on the business day you deposit non cash items.
- You will receive a statement for this account at least quarterly.
- With the exception of loan payments to us, you may not make more than six (6) preauthorized, automatic, or telephone transfers (including telephone banking and bill pay, internet banking, and PC banking payments and transfers) each month. Of these six (6) allowable transfers, no more than three (3) may be made by check, draft, debit card, check card or similar order made by the depositor and payable to a third party (provided such transactions are allowed by us for your particular type of account).
- You may make three (3) debits from your account each quarter. A fee of $.50 will be imposed for each subsequent debit.
- Transfers from a savings account to another account or to third parties by preauthorized or automatic transfers are not allowed.
- Please contact customer service at 256-845-6101 to obtain the current interest rate and annual percentage yield for this account.
