CHECKING ACCOUNT OPTIONS


E-Z Small Business Checking Account

Minimum balance to open the account - You must deposit $250.00 to open this account. 

Minimum balance to avoid imposition of fees - A monthly service charge of $10.00 will be imposed every statement cycle if the balance in the account falls below $250.00 any day of the cycle.

Fees - A per debit and credit fee of $.25 will be charged for each debit and credit in excess of 150 a month.  

E-Z MONEY CHECKING ACCOUNT

Per Regulation D NOW Accounts are available to sole proprietorships, non-profit organizations and governmental units.

Rate Information - Your interest rate and annual percentage yield may change. 

Frequency of rate changes - We may change the interest rate on your account at any time.

Determination of rate - At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency - Interest will be compounded every day.  Interest will be credited to your account every month. 

Effect of closing an account - If you close your account before interest is credited; you will not receive the accrued interest.

Minimum balance to open the account - You must deposit $500.00 to open this account.

Minimum balance to avoid imposition of fees - A service fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.

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 interest on noncash deposits - Interest begins to accrue on the first business day after the banking day you deposit noncash items (for example, checks).

E-Z Checking Account (analysis account)

Earnings Credit - The account features an earnings credit which is applied to reduce or eliminate fees on the account. If the earnings credit exceeds the fees for any period, you will be assessed no fees but you will not be paid, carry forward or otherwise receive credit for any excess earnings credit. 

Earnings Credit Calculation - The earnings credit will be calculated by applying the periodic earnings credit rate to the average daily investable balance in the account for the period. At our discretion, the periodic earnings credit rate may change at any time. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing by the number of days in the period. The period we use is the monthly statement cycle. The investable balance is the average daily balance reduced by 10%.

Minimum balance to open the account - You must deposit $500.00 to open this account.

Minimum balance to obtain earnings credit- You must maintain a minimum average daily balance for the month of $100.00 in order to obtain earnings credit during the monthly statement cycle.

Accrual of earnings credit on noncash deposits- Earnings credit begins to accrue on the first business day after the banking day you deposit noncash items (for example checks).

Fees- A per debit and credit fee of $.15 for each debit and credit item plus a deposit item fee of $.15 for each deposited item. Monthly analysis charge of $10.00.

E-Z Business Savings Account

Rate Information - Your interest rate and annual percentage yield may change.

Frequency of rate changes - We may change the interest rate on your account at any time.

Determination of rate - At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency- Interest will be compounded every day. Interest will be credited to your account every quarter.

Minimum balance to open the account - You must deposit $100.00 to open this account.

Minimum balance to avoid imposition of fees- A service fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $100.00 any day of the cycle.

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 interest on noncash deposits- Interest begins to accrue on the first business day after the banking day you deposit noncash items (for example checks).

Transaction limitations- Transfers from an E-Z Business Savings Account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer including in-person withdrawals are limited to six per calendar month with no transfers by check, draft, debit card, or similar order to third parties.

Fees- A transaction fee of $2.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of six during a month.

E-Z Business Money Market Savings Account

Rate Information - Your interest rate and annual percentage yield may change.

Frequency of rate changes - We may change the interest rate on your account at any time.

Determination of rate - At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency- Interest will be compounded every day. Interest will be credited to your account every quarter.

Minimum balance to open the account - You must deposit $500.00 to open this account.

Minimum balance to avoid imposition of fees- A service fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield disclosed- You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.

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 interest on noncash deposits- Interest begins to accrue on the first business day after the banking day you deposit noncash items (for example checks).

Transaction limitations- Transfers from an E-Z Business Money Market Savings Account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer including in-person withdrawals are limited to six per calendar month with no transfers by check, draft, debit card, or similar order to third parties.

Fees- A transaction fee of $2.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of six during a month.

Please refer to our separate rate sheet for current interest rate and annual percentage yield information and to our separate fee schedule for additional information about charges.

 


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