E-Z 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 month if the balance in the account falls below $100.00 any day of the cycle. 
  • Minor accounts - for our younger customers age 17 or less - require a $25.00 minimum deposit to open - no minimum balance to maintain, although the excessive transaction fee will apply as stated below.
  • 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 Savings Account to another account or to third parties by preauthorized, automatic, telephone, or computer, including in-person withdrawal(s) transfer 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 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 month 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 Money Market Savings Account to another account or to third parties by preauthorized, automatic, telephone, or computer, including in-person withdrawal(s) transfer 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, automatic transfer or payment out of this account) in excess of six during a month.

CHRISTMAS CLUB ACCOUNT

THIS ACCOUNT DOES NOT QUALIFY FOR ACCOUNT RELATIONSHIP STATUS FOR FEE WAIVER ON
E-Z PRODUCTS
.

  • 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 annually.
  • 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 $5.00 to open this account.
  • 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).
  • Transaction limitations - You may not make any transfers from this account to another account of yours or to third parties by preauthorized, automatic, or telephone transfer or similar order to third parties. 
  • Disbursements - A disbursement of all principal and accrued interest will be paid on the first Monday following the first Saturday of October each year.  If any withdrawal is made from this account before the first weekend in October we will close the account and interest will not be paid.

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.



Member FDIC

Bank of Oakfield

Home | Privacy Policy | Terms of Use | USA PATRIOT ACT | Internet Banking/Bill Pay
Location/Hours | Current Deposit Rates | Banking Services/Products | Loans/Mortgages
Agribusiness Specialties | Commercial Specialties | Golden Advantage Club
Community Resources | Financial Calculators | History | Mission


Equal Housing Lender
NOTICE: Bank of Oakfield is not responsible for and has no control over the subject matter, content, information, or graphics of the web sites that have links here. Please contact us with any concerns or comments.