| Minimum balance to open
the account: |
You
must deposit $100.00 to open this account. |
| Minimum balance to avoid
Imposition of fees: |
A
service charge fee of $2.00 will be imposed each quarterly statement cycle
if the average daily balance* for the quarter tails below $200.00. |
| 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
quarter. |
| 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: |
Transfers from an
Optional Payment Share (OPS) account to another account or to third
parties by preauthorized, automatic, or telephone transfer are limited to
six per quarter with no transfers by check, draft or similar order to
third parties. |
| Fees: |
An
excess activity fee of $1.00 will be charged for each debit in excess of
three during a quarter. *** |
| 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