Savings Account

Rate information – Your interest rate and annual percentage yield may change.

Frequency of rate change – we may change the interest rate on your account every week.

Determination of rate – at our discretion, we may change the rate on your account.

Compounding and crediting frequency – Interest will be compounded every month, interest will be credited to your account every month.

Effect of closing an account – If you choose to close an account before interest is credited, you will not receive the accrued interest

Daily balance computation method – We use the daily balance method to calculate the interest on your account. 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 with no transfers by check, draft, debit card, or similar order to third parties.