SAVINGS ACCOUNT DISCLOSURE OF ACCOUNT TERMS
The minimum deposit to open this account is $100.00.
You may make an unlimited number of deposits into this account.
Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account. You may inquire as to the current rate on your account by calling 573-392-3381 or 573-378-5464.
Interest will be compounded daily and credited to your account at the end of each calendar quarter. The annual percentage yield assumes interest remains on deposit. A withdrawal of the interest will reduce earnings.
We use the daily collected balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected balance in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks) into your account.
You will receive a statement at the end of each calendar quarter. If your account has any electronic transaction activity you will receive a statement each month that such transactions are posted.
Savings accounts are limited to 6 withdrawals per month for electronic transactions or any other withdrawals that you do not make in person at the bank. This limitation includes transactions such as ATM withdrawals, internet transfers, phone banking transfers, direct bill payments, etc.
Minimum balance to avoid service charge – If your daily ledger balance drops below $100.00 anytime during the month, a service fee of $3.00 will be imposed.
Withdrawal fee – Over 6 withdrawals a month (whether made in person, by ATM or any other electronic withdrawal) will result in a $1.00 fee per withdrawal over the 6.
OTHER CHARGES THAT MAY APPLY
Return Item: $20.00 per check or electronic withdrawal returned due to insufficient available funds in the account. Fee charged for the first presentment only.
Overdraft Service: $20.00 per check, per in-person withdrawal, ATM withdrawal, or any other electronic withdrawals drawn against insufficient funds and paid into the overdraft. $100 daily maximum.
Stop Payment Charge: $20.00 per check or electronic withdrawal.
Account Activity Monitoring: $25.00 per month
Money Order Fee: $2.00
Cashier’s Check Fee: $4.00
Notary Public: Free
Incoming Domestic Wire: Free
Outgoing Domestic Wire Fee: $15.00
International Wire (Incoming or Outgoing): $75.00
Collection Item Fee: $20.00 (or actual cost)
Canadian Check Deposited: $15.00
Statement Copies: $2.00 per month
Account Activity Printout: $2.00 per printout
Personalized Checks: Price will vary depending on style
Research Fee: $35.00 per hour
Garnishments or Levies: $25.00
Debit Card Replacement: $10.00 (One free replacement will be provided each year, if necessary).
Stop a Lost, Stolen, or Compromised Debit Card: $10:00
