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ALL PURPOSE CLUB ACCOUNTS A convenient way to save for a planned vacation, taxes, whatever purpose you
have in mind! You can use a coupon book, or transfer automatically from an
existing deposit account at the Bank.
Rate Information: This account is an interest bearing account. The interest rate
and annual percentage yield are included in the
Rate Chart. The interest rate
and annual percentage yield will not change for at least thirty (30) calendar
days. We agree to give you thirty (30) days advance written notice prior to
decreasing the rate. Interest begins to accrue on the business day you deposit noncash items (for example, checks), if received by
3:00 p.m. Interest will be
compounded annually and will be credited to the account annually.
Balance Information: We use the daily balance method to calculate the interest
on the account. This method applies a daily periodic rate to the principal in the
account each day. You must maintain a minimum balance of $1.00 in the account
each day to obtain the disclosed annual percentage yield.
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