Truth In Savings Disclosure
RATE INFORMATION. The interest rate listed in each tier will be paid on the entire balance in your account.
Tier | Daily Balance Range | Interest Rate | Annual Percentage Yield (APY) |
1 | Below $2,500.00 | 0.050% | 0.05% |
2 | Equal to or greater than $2,500.00 | 0.100% | 0.10% |
Your interest rate and annual percentage yield may change.
Determination of Rate. At our discretion, we may change the interest rate on your account. Frequency of Rate Changes. We may change the interest rate on your account at any time. Limitations on Rate Changes. There are no maximum or minimum interest rate limits for this account.
COMPOUNDING AND CREDITING. Interest will be compounded daily and will be credited to the account monthly. Ifyou close your account before interest is credited, you will receive the accrued interest.
MINIMUM BALANCE REQUIREMENTS. You must deposit $100.00 to open this account. A Maintenance Fee of $12.00 will be imposed every statement cycle ifthe daily balance on any day ofthe statement cycle falls below $2,500.00.
Or this fee can be avoided with a minimum balance of$10,000.00 in combined relationship deposits.
You must maintain a minimum daily balance of $0.01 in the account each day to obtain the disclosed annual percentage yield.
BALANCE COMPUTATION METHOD. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
ACCRUAL ON NONCASH DEPOSITS. Interest begins to accrue on the business day you deposit noncash items (for example, checks).
TRANSACTION LIMITATIONS. No transaction limitations apply to this account.
CURRENT RATE INFORMATION. The rate(s) and annual percentage yield(s) disclosed above were offered within the most recent seven calendar days, and were accurate as of 02/l 7/2023. To obtain the current rate(s) and annual percentage yield information, please call (864)364-6130.
FEES AND CHARGES. Please refer to the separate Fee Schedule provided to you with this disclosure for information about fees and charges associated with this account. A Fee Schedule will be provided to you at the time you open an account, periodically when fees or charges change, and upon request.
MONTHLY PAPER STATEMENT FEE:
Paper Statement Fee of $5.00 will be imposed every monthly statement cycle; Paper Statement Fee can be avoided by enrolling in Electronic Statements (e-Statement).
