eInterest Checking – Truth in Savings

TISA Disclosure for DD Product 003 eInterest Checking

02/05/2019

Minimum Balance to Open Account – $50.00

Qualifier – A Direct Deposit or Automatic Clearing House (ACH) item is required each statement cycle.

Account Requirements – Enrollment for Electronic Delivery of Account Statements (eStatements) is required within 30 days of account opening through Heritage Bank Online Banking Service* at no charge:

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 $99,999,999,999.90 .2500% .25%

The interest rate and annual percentage yield may change.

For rate information after the date noted above, 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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