Money Power Account:
Rate Information - This is a tiered rate account.  Your interest rate and annual percentage yield are based on the balance in your account.  The interest rates within the tiers may change.
Determination of rate and frequency of change -
Rates are determined at the discretion of bank management.  We may change the interest rate on our account at any time.
Compounding and crediting frequency - Interest will be compounded every month and credited to your account every month.
Daily collected balance computation method -
We use the daily collected 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 no later than the business day we receive credit for the deposit of non-cash items (for example checks).
Transaction Limitations -
Transfers from a Money Power Savings account to another account or to third parties by pre authorized, automatic, or telephone transfer are limited by Federal regulation to six per month with no more than three transfers by debit card, check or similar order to third parties.
Fees -
A withdrawal fee of $10 will be charged for each withdrawal in excess of six during a monthly statement cycle. A charge of $10 per check will be charged for any checks written in excess of 3 per month. A cash machine transaction fee of $1 will be charged for each transaction performed at non-proprietary ATM's.  A non-proprietary ATM is a cash machine not owned by Community National Bank