Checking Accounts

• REGULAR CHECKING
• BANCLUB CHECKING
• NOW ACCOUNT
• BANCLUB NOW ACCOUNT
• MONEY MARKET PLUS

REGULAR CHECKING

You must deposit $100.00 to open this account. A minimum balance fee will be imposed every statement if the balance in the account falls below $700.00 any day.

BANCLUB CHECKING

You must deposit $100.00 to open this account. A minimum balance fee will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the statement cycle. Fees will be determined according to Banclub Plan Choice.

NOW ACCOUNT

You must deposit $1,500.00 to open this account. In order to obtain the Annual Percentage Yield, you must maintain a minimum daily balance of $1,000.00 in the account each day. Annual Percentage Yield is subject to change daily at bank’s discretion. A minimum balance fee will be imposed every statement cycle if the balance in the account falls below $1,500.00 any day of the cycle.

Compounding and Crediting
Interest will be compounded on a monthly basis.
Interest will be credited to your account on a monthly basis.
If you close your account before interest is credited, you will not receive the accrued interest.
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (example: checks).

Balance Computation Method
We use the daily method to calculate the interest on your account.
This method applies a daily periodic rate to the principal in the account each day.

BANCLUB NOW ACCOUNT

You must deposit $1,500.00 to open this account. In order to obtain the Annual Percentage Yield, you must maintain a minimum daily balance of $1,000.00 in the account each day. Annual Percentage Yield is subject to change daily at bank’s discretion. Fees on this account will be determined according to choice of plan.

Compounding and Crediting
Interest will be compounded on a monthly basis.
Interest will be credited to your account on a monthly basis.
If you close your account before interest is credited, you will not receive the accrued interest.
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (example: checks).

Balance Computation Method
We use the daily method to calculate the interest on your account.
This method applies a daily periodic rate to the principal in the account each day.

MONEY MARKET PLUS

You must deposit $2,500.00 to open this account. A minimum balance fee will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the statement cycle. Annual Percentage Yield is determined by account balance and is subject to change daily at bank’s discretion.

There will be a $5.00 per item charge for transfers/withdrawals in excess of transaction limitations described below.

Transaction Limitations
You may make only 6 transfers/withdrawals per calendar month or statement cycle of at least 4 weeks (not including those made by mail, in person, by telephone with check mailed to you, messenger, ATM or to repay loans with us), and only 3 of these may be payments by check, draft, debit card, or similar order to third parties.

Compounding and Crediting
Interest will be compounded on a monthly basis.
Interest will be credited to your account on a monthly basis.
If you close your account before interest is credited, you will not receive the accrued interest.
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (example: checks).

Balance Computation Method
We use the daily method to calculate the interest on your account.
This method applies a daily periodic rate to the principal in the account each day.