RATE INFORMATION:
Single Fixed Rate: The interest rate on your account is __________% with an annual percentage yield of __________%. You will be paid this rate.
COMPOUNDING FREQUENCY: Interest will be compounded annually.
CREDITING FREQUENCY: Interest will be credited to your account annually.
EFFECT OF CLOSING AN ACCOUNT: If you close your account before interest is credited, you will not receive the accrued interest.
MINIMUM BALANCE REQUIREMENTS:
To Open The Account: You must deposit $5.00 to open this account.
BALANCE COMPUTATION METHOD: We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
ACCRUAL OF INTEREST ON NONCASH DEPOSITS: Interest begins to accrue on the business day you deposit noncash items (for example, checks).
TRANSACTION LIMITATIONS: The maximum weekly deposit we allow to this account is $100.00. The minimum weekly deposit to this account is $5.00.
ACCOUNT FEES: If you close your account before your scheduled annual check is issued, you will be charged a $5.00 closing fee.
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