Christmas Club:
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 accrue daily and be paid at maturity.  If you close your account before interest is credited , you will not receive the accrued interest.
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).