ROCK SPRINGS NATIONAL BANK
DISCLOSURE OF INTEREST, FEES AND ACCOUNT TERMS MONEY MARKET DEPOSIT ACCOUNTS
MINIMUM BALANCE REQUIREMENTS
- THE MINIMUM INITIAL DEPOSIT REQUIRED TO OPEN THIS ACCOUNT IS $2,500
- MONTHLY MAINTENANCE FEE OF $7.00 AND ACTIVITY FEE OF $ 0.25 PER DEBIT WILL BE IMPOSED IF THE DAILY BALANCE FALLS BELOW $2,500 ANY DAY OF THE STATEMENT CYCLE
- YOU MUST MAINTAIN A MINIMUM BALANCE OF $2,500 IN THE ACCOUNT EACH DAY TO OBTAIN THE ANNUAL PERCENTAGE YIELD PROVIDED TO YOU
- INTEREST WILL NOT BE EARNED ON THE DAYS YOUR MINIMUM BALANCE FALLS BELOW $2,500
- $15 FOR INSUFFICIENT FUNDS ITEM PAID
- $15 FOR INSUFFICIENT FUNDS ITEM RETURNED UNPAID
- $20 FOR INSUFFICIENT FUNDS ELECTRONIC ITEM (ACH)
- $2 FOR DEPOSITED ITEM RETURNED
- $15 FOR STOP PAYMENT REQUEST
- $15 FOR STOP PAYMENT ON A MONEY ORDER PURCHASED
- $20 FOR CHECKS THAT ARE INSUFFICIENT OR UNCOLLECTED FUNDS THAT ARE WRITTEN OWNER TO OWNER DRAWN ON ANOTHER FINANCIAL INSTITUTION
- $20 FOR DEPOSITED ITEM RETURNED OVER $2,500
- $2 FOR EACH ADDITIONAL PRINTED STATEMENT
- $2 FOR EACH TELLER ASSISTED PHONE TRANSFER BEING CREDITED TO YOUR ACCOUNT IF YOUR ACCOUNT BALANCE FALLS BELOW $2,500 IN THE STATEMENT CYCLE
- $5 MONTHLY DORMANT ACCOUNT FEE IF FOR TWO YEARS (PREVIOUS) THERE IS NO ACTIVITY, INDICATION IN WRITING FROM YOU OF AN INTEREST IN THIS ACCOUNT, OR CONTACT WITH YOU IS LOST
- $3 OVERDRAFT FEE FOR EACH DAY YOUR ACCOUNT IS OVERDRAWN BY $5 OR MORE
- $20 PER HOUR FOR HELP WITH BALANCING YOUR CHECKING ACCOUNT
- INITIAL CHECK PRINTING COSTS VARIES DEPENDING ON STYLE OF CHECK
- THIS ACCOUNT WILL CONSIST OF A CHECKING SUB ACCOUNT AND A SAVINGS SUB ACCOUNT. THE BANK MAY PERIODICALLY TRANSFER FUNDS BETWEEN THESE TWO SUB ACCOUNTS. IF YOUR ACCOUNT IS A PLAN ON WHICH INTEREST IS PAID, YOUR INTEREST CALCULATION WILL REMAIN THE SAME. OTHERWISE, THE SUB SAVINGS ACCOUNT WILL BE NOT INTEREST BEARING. THE SAVINGS SUB ACCOUNT WILL BE GOVERNED BY THE SAME RULES GOVERNING OUR OTHER SAVINGS ACCOUNTS. THIS PROCESS WILL NOT AFFECT YOUR AVAILABLE BALANCE, THE INTEREST YOU MAY EARN, FDIC INSURANCE PROTECTION, OR YOUR MONTHLY STATEMENT
BALANCE COMPUTATION METHOD
- INTEREST IS CALCULATED BY USING THE DAILY BALANCE METHOD, WHICH APPLIES A DAILY PERIODIC RATE TO THE BALANCE IN THE ACCOUNT EACH DAY
RATE INFORMATION
- A CUSTOMER SERVICE REPRESENTATIVE WILL PROVIDE YOU WITH A RATE SHEET. YOUR INTEREST RATE AND ANNUAL PERCENTAGE YIELD MAY CHANGE. AT OUR DISCRETION, WE MAY CHANGE THE RATE FOR YOUR ACCOUNT AT ANY TIME
COMPOUNDING AND CREDITING
- INTEREST WILL BE COMPOUNDED AND CREDITED MONTHLY
- IF YOU CLOSE YOUR ACCOUNT BEFORE INTEREST IS CREDITED, YOU WILL RECEIVE THE ACCRUED INTEREST
ACCRUAL OF INTEREST ON NON-CASH DEPOSITS
- INTEREST BEGINS TO ACCRUE NO LATER THAN THE BUSINESS DAY WE RECEIVE CREDIT FOR THE DEPOSIT OF NON-CASH ITEMS
TRANSACTION LIMITATIONS
- NO MORE THAN SIX PRE-AUTHORIZED TRANSACTIONS EACH STATEMENT CYCLE OF WHICH NO MORE THAN THREE CAN BE BY CHECK. PRE-AUTHORIZED TRANSACTIONS ARE TELEPHONE TRANSFERS, AUTOMATIC TRANSFERS, ACH TRANSACTIONS, AND CHECKS
- UNLIMITED IN-BANK WITHDRAWALS CAN BE MADE
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