Common Contracts
1 similar Personal Deposit Account Agreement contracts
PERSONAL DEPOSIT ACCOUNT AGREEMENT AND DISCLOSUREPersonal Deposit Account Agreement • August 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.
