| Minimum balance to open
the account: |
$2,500.00 |
| Minimum balance to avoid
imposition of fees: |
A
service charge fee of $5.00 will be imposed each monthly statement cycle
if the average daily balance* for the monthly statement cycle falls below
$1,000.00. |
| 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. |
| Compounding and crediting
frequency: |
Interest will be
compounded every day. Interest will be credited to your account every
month. |
| Minimum balance to obtain
the annual percentage yield disclosed: |
You
must maintain a minimum balance of $1,000.00 in the account each day to
obtain the disclosed annual percentage yield. If the account balance falls
below the minimum balance of $1,000.00, interest will not be accrued on
those days that the balance is below the minimum of
$1,000.00. |
| 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
non-cash deposits: |
Interest begins to
accrue on the business day you deposit non-cash items (for example,
checks). |
| Transaction
limitations: |
You
may make unlimited over the counter withdrawals from your account. Transfers from a Money Market
account to another account or to third parties by preauthorized,
automatic, or telephone transfer are limited to six per month with no more
than three by debit card or similar order to third
parties. |
| Fees: |
A
service charge fee of $5.00 will be imposed each monthly statement cycle
if the average daily balance* for the monthly statement cycle falls below
$1,000.00. An excess activity
fee of $1.00 will be charged for each withdrawal in excess of six (6) per
statement cycle. *** |
| Per check
charge: |
no
checks for this account |
| Visa check
card/ATM: |
yes |
| Free
checks: |
no
checks for this account |
© Copyright 2007 St. Landry Homestead