TIERED VARIABLE RATE INFORMATION – Effective Date December 3, 2023
DETERMINATION OF RATE
At our discretion, we may change the interest rate on your account.
FREQUENCY OF RATE CHANGES
We may change the interest rate on your account at any time.
LIMITATIONS ON RATE CHANGES
There are no maximum or minimum interest rate limits for this account.
COMPOUNDING AND CREDITING
Interest will be compounded daily and will be credited to your account monthly.
MINIMUM BALANCE REQUIREMENTS
You must deposit $100.00 to open this account. You must maintain a minimum balance of $.01 in the account each day to obtain the disclosed annual percentage yield.
PROCESSING ORDER
Transactions are generally processed at the end of each business day. We process deposits and most credits before debits. We will not use any order designed to increase the number of overdrafts and/or the amount of Overdraft Fees or NSF Fees.
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.
The daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the balance on which interest is paid.
ACCRUAL ON NONCASH DEPOSITS
Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
FEES AND CHARGES
The following fees and charges may be assessed against your account:
A minimum daily balance requirement of $10,000 is required to avoid a $15.00 monthly fee.
Please refer to our "Personal Deposit Services Cost Summary” for other fees applicable to your account. We may change these fees or establish different fees at any time subject to regulatory notification requirements.
Check printing fees vary by the style of check ordered.
TRANSACTION LIMITATIONS
You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions from your account per month or statement cycle. We may close your account, take away any ability to transfer and write checks or convert the account to a checking or other transaction account if these restrictions are violated.
| Range of Daily Balances | Interest Rate | APY |
| $0.01 - $4,999.99 |
0.03% |
0.03% |
| $5,000 - $9,999.99 |
0.03% |
0.03% |
| $10,000 - $24,999.99 |
2.71% |
2.75% |
| $25,000 - $49,999.99 |
2.96% |
3.00% |
| $50,000 - $99,999.99 |
3.20% |
3.25% |
| $100,000 - $249,999.99 |
4.16% |
4.25% |
| $250,000 - $499,999.99 |
4.16% |
4.25% |
| $500,000 - $999,999.99 |
4.16% |
4.25% |
| $100,000+ |
4.16% |
4.25% |
DETERMINATION OF RATE
At our discretion, we may change the interest rate on your account.
FREQUENCY OF RATE CHANGES
We may change the interest rate on your account at any time.
LIMITATIONS ON RATE CHANGES
There are no maximum or minimum interest rate limits for this account.
COMPOUNDING AND CREDITING
Interest will be compounded daily and will be credited to your account monthly.
MINIMUM BALANCE REQUIREMENTS
You must deposit $100.00 to open this account. You must maintain a minimum balance of $.01 in the account each day to obtain the disclosed annual percentage yield.
PROCESSING ORDER
Transactions are generally processed at the end of each business day. We process deposits and most credits before debits. We will not use any order designed to increase the number of overdrafts and/or the amount of Overdraft Fees or NSF Fees.
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.
The daily balance that we use when calculating interest is the collected balance. That means we only include those funds for which we have actually received payment when we determine the balance on which interest is paid.
ACCRUAL ON NONCASH DEPOSITS
Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
FEES AND CHARGES
The following fees and charges may be assessed against your account:
A minimum daily balance requirement of $10,000 is required to avoid a $15.00 monthly fee.
Please refer to our "Personal Deposit Services Cost Summary” for other fees applicable to your account. We may change these fees or establish different fees at any time subject to regulatory notification requirements.
Check printing fees vary by the style of check ordered.
TRANSACTION LIMITATIONS
You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions from your account per month or statement cycle. We may close your account, take away any ability to transfer and write checks or convert the account to a checking or other transaction account if these restrictions are violated.