| REGULAR CHECKING |
Minimum balance to open the account
You must deposit $50.00
to open this account.
Minimum balance to avoid imposition of fees
A service charge
fee of $5.00 will be imposed every statement cycle if the balance in
the account falls below $500.00 any day of the cycle.
|
| FLAT FEE CHECKING |
Minimum balance to open the account
You must deposit
$50.00 to open this account.
Fee:
A service charge of $3.00 will be charged each statement cycle. A per debit
fee of $.40 will be charged for each transaction ( withdrawal,
check paid, automatic transfer or payment out of this account) in excess
of ten during this account.
|
| FRIENDS FOR LIFE CHECKING |
For people over the age of 50
Minimum balance to open the account -
You must deposit $200.00
to open this account.
Minimum balance to avoid imposition of fees
A service charge fee of
$5.00 will be imposed every statement cycle if the balance in the account
falls below $200.00 any day of the cycle.
First box of checks free
|
| SENIOR CITIZEN CHECKING |
For people 65 or older
Minimum balance to open the account
You must deposit $200.00
to open this account.
Free Checks**
No Monthly Maintenance Fees
|
| COLLEGE STUDENT CHECKING |
Must provide proof of college enrollment
Minimum balance to open the account
You must deposit $50.00
to open this account.
Free Checks**
No Monthly Maintenance Fees
|
| MINOR CHECKING |
Must be under the age of 18
Account must have an adult
Minimum balance to open the account
You must deposit $50.00
to open this account.
Free Checks**
No Monthly Maintenance Fees
**Wallet Graystone
|
| MONEY MARKET ACCOUNT |
- Rate Information - Your interest rate and annual percentage yield may change.
- Frequency of rate changes - We may change the interest rate on your account at any time.
- Determination of rate - At our discretion, we may change the interest rate on your account.
- Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account monthly.
- Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
- Minimum balance to open the account - You must deposit $2,500.00 to open this account.
- Minimum balance to avoid imposition of fees - A service charge of $15.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.
- Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.
- Daily balance computation method - 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.
- Accrual of interest on deposits - Interest begins to accrue on the business day you deposit non-cash items
(for example, checks ).
- Transaction limitations: Transfers from a Money Market Deposit account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than three by check draft, debit card, or similar order to third parties.
- Fees: A per debit fee of $15.00 will be charged for each transaction in excess of the above limitations.
|
| NOW ACCOUNT** |
- Rate information - Your interest rate and annual percentage yield may change.
- Frequency of rate changes - We may change the interest rate on your account at any time.
- Determination of rate - At our discretion, we may change the interest rate on your account.
- Compounding and crediting frequency - Interest will be compounded monthly. Interest will be credited to your account monthly.
- Effect of closing an account - if you close your account before interest is credited, you will not receive the accrued interest.
- Minimum balance to open an account - You must deposit $1,000.00 to open this account.
- Minimum balance to avoid imposition of fees - A service charge of $15.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.
- Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed percentage yield.
- Daily balance computation method – 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.
- Accrual of interest on non-cash deposits – Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
- Fees: A per debit fee of $.25 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account). This fee will not apply if you maintain the $1,000.00 balance.
|
| SUPER NOW ACCOUNT** |
- Rate information – Your interest rate and annual percentage yield may charge.
- Frequency of rate changes- We may change the interest rate on your account at anytime.
- Determination of rate – At our discretion, we may change the interest rate on your account.
- Compounding and crediting frequency – Interest will be compounded every month. Interest will
be credited to your account every month. Effect of closing an account – if you close your account before interest is credited, you will not receive the accrued interest.
- Minimum balance to open the account – You must deposit $2,500.00 to open this account.
- Minimum balance to avoid imposition of fees – A service charge fee of $15.00 will be imposed every statement cycle if the
balance in the account falls below $2,500.00 any day of the cycle. A periodic maintenance fee of $5.00 will be charged each
month regardless of the account balance.
- Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed balance.
- Daily balance computation method – 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.
- Accrual of interest on non-cash deposits – Interest begins to accrue on the business day you deposit non-cash items (example, check).
- Fees: A per debit fee of $.25 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account).
|
**Who can have NOW or SUPERNOW accounts:
1. Individuals
2. Sole Proprietorships
3. Non-Profit Organizations-even if it is a corporation
4. Government Units
**Who cannot have NOW or SUPERNOW accounts:
1. Partnerships
2. Credit Unions and other mutual depository institutions
3. Mutual Insurance companies
4. Crop Financing organizations
5. Organizations created to function as part of a qualified group legal service plan
6. Farmers' cooperatives
7. Any organizations operated for profit
NOTICES OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE
FOR TRANSACTION ACCOUNTS
All funds in a "non-interest-bearing transaction account"
are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012.
This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000
available to depositors under FDIC's general deposit insurance rules.
The term "non-interest bearing transaction" includes a traditional checking a traditional checking account
or in demand deposit account on which the insured depository institution pays no interest. It also includes Interest on
Lawyer Trust Accounts (IOLTAs). It does not include other accounts such as traditional checking or demand deposit accounts
that may earn interest, NOW accounts and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts visit www.fdic.gov.
