The Super Negotiable Order of Withdrawal Account (" SUPER NOW") is designed for depositors who wish to earn interest on their transaction account. The account accrues interest daily, offers a tiered interest rate based on a daily balance, and has a higher minimum balance requirement than a regular checking account or NOW account. Corporations and partnerships may not obtain a SUPER NOW account.

INTEREST RATE INFORMATION
The interest rate and annual percentage yield on this account may change. At our discretion, Spring Valley City Bank may change the interest rate at any time to the interest rate we choose. There is no minimum or maximum interest rate or annual percentage yield. 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.

Daily balances at or above $2,500.00 will accrue interest at our quoted annual percentage rate. Daily balances below $2,500.00 will accrue interest at that annual percentage rate less .75%.

Interest begins to accrue on cash items deposited (for example, checks) no later than the business day we receive credit for the deposit.

PAYMENT OF INTEREST AND COMPOUNDING
Interest will be credited to your account every month on the statement cycle date. Interest will be compounded monthly.

MINIMUM DEPOSIT TO OPEN THE ACCOUNT
You must deposit at least $2,500.00 to open this account.

MINIMUM BALANCE TO AVOID SERVICE CHARGE FEES
A Maintenance Fee of $7.50 is assessed on the Statement Cycle Date if the minimum statement balance is less than $2,500.00.

TRANSACTION LIMITATIONS
There is not any transaction limits on this account.

ADDITIONAL FEES MAY APPLY
A fee of $.15 will be charged for each check or debit received by the bank during a statement cycle. In addition a $.07 fee will be assessed for each foreign item deposited into this account.

Preprinted check charges vary depending on the style of checks ordered.

AUTOMATED TELLER MACHINE INFORMATION
Customers may obtain an ATM card for access to their account. Customers wanting to establish an ATM card relationship must complete an ATM card application and agree to be bound by the terms and conditions found in the ATM Cardholder Agreement.

>> Back