NOW Checking
Checking account that earns interest. Not available to partnerships or corporations operated for profit.
- $1,000.00 minimum to open account
- Interest is paid monthly
- Deposit and Check Images with monthly statement
- Paid NSF Fee $12.00 each
- ATTENTION! NSF fee will be waived for overdrafts less than $20.00. The maximum daily NSF fee is $100.00 There will not be a fee charged for NSF Debit Card (POS) & ATM transactions
- Return NSF fee $12.00 each
- Stop payment fee of $5.00 per item
- Free Internet and Telephone banking
- ATM & VISA Debit Card available
Rate Information:
Contact the bank for the current rate and annual percentage yield (APY) for the NOW account. Your interest rate and APY may change, at our discretion. However, 30 days notice will be given, in writing, before the rate is decreased.
Interest:
Interest will be compounded every monthly statement cycle and be credited to your account every monthly statement cycle. If you close your account before interest is credited, you will forfeit the accrued interest. 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. Interest begins to accrue on the same business day as the business day of deposit.
Fees:
A service fee of $5.00 per statement cycle and 15 cents per check after 10 checks will be assessed against your account. However, this service fee is waived if the average daily balance is over $1,000. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
We reserve the right to at any time require not less than seven days notice in writing before each withdrawal from this account.
