Passbook Savings:
Rate Information - Your interest rate and annual percentage yield 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 quarter and credited to your account every quarter.
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).
Inactive Account fee -
A quarterly fee of $3.00 will be imposed every quarter if the balance in the account is less than $100 and there is no activity in the account during the quarter.  This fee will not apply if the account holder is under 22 years of age.
Fees -
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