Savings Account

Rate information – The interest rate and annual percentage yield may change weekly or at our discretion.

Compounding and crediting frequency – Interest will be compounded and credited to the account quarterly.

Effect of closing an account – If the account is closed before interest is credited, interest will not be paid.

Daily balance computation method – We use the daily balance method to calculate interest.  This method applies a daily periodic rate to the principal in the account each day.

Accrual of the interest on the non-cash deposits – Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

Transfers from a savings account to another account or to a third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle.