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PERSONAL DEPOSIT ACCOUNT AGREEMENT AND DISCLOSUREAugust 30th, 2016
At our discretion, we may change the interest rate for this account. If you do not complete the Minimum Monthly Activity Requirements, an interest rate of .05% will be paid on the entire portion of your average daily balance with an annual percentage yield (APY) of .05%. If the Minimum Activity Requirements are met, a higher rate of interest will be paid on the following terms: Tier One- An interest rate of 1.50% will be paid on the entire portion of your average daily balance that is less than or equal to $15,000.00, with an annual percentage yield (APY) of 1.51%. Tier Two- An interest rate of .20% will be paid only for that portion of your average daily balance that is greater than $15,000.00. The annual percentage yield for accounts in tiers 1 and 2 will range from 1.51% to .20%, depending on the balance in the account.
