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