Advantage Interest Checking – Truth in Savings
TISA Disclosure for DD Product 004
ADVANTAGE INTEREST CHECKING 08/19/2019
Minimum Balance to Open Account – $50.00
Minimum Balance to Avoid Imposition of Monthly Base Fee – A monthly base fee of
$8.00 will be imposed unless a minimum daily balance of $1,500.00 is maintained for the monthly statement cycle.
Please refer to our “Schedule of Deposit Service Fees” for additional fee(s) which may apply.
Rate Information:
NOTE: In this disclosure, Annual Percentage Yield is abbreviated as “APY”.
Interest |
|||
Rate |
APY |
||
Balances Through |
$999.99 |
.0000% |
.00% |
$1,000.00- |
$1,499.99 |
.2500% |
.25% |
$1,500.00- |
$24,999.99 |
.3500% |
.35% |
Balances Over |
$24,999.99 |
.3500% |
.35% |
The interest rate and annual percentage yield may change.
For rate information after this date, please call us at 678-284-3432. Frequency of Rate Changes – We may change the interest rate on the account at any time.
Determination of Rate – At our discretion, we may change the interest rate on the account.
Compounding and Crediting Frequency – Interest will be compounded every day. Interest will be credited to the account on the last day of your statement period.
Accrual of interest on Noncash deposits – Interest begins to accrue on the business day we receive credit for the deposit on noncash items (for example, checks).
Daily Balance Computation Method – A daily balance method is used to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Effect of Closing Account – Accrued interest will be paid.
We reserve the right to change the terms of an account or product.
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