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  » Accounts » Savings » Disclosure :
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» 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
» 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
311 North Main * Monmouth IL * (309) 734-5131  
» 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).
» Vacation 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).
« Go Back | ^ Top || Passbook | Money Power | Christmas | Vacation |
* all rates subject to change without notice.
Call Community National Bank (309) 734-5131
Mon-Thurs 9:00-5:00 Fri 9:00-6:00 Sat 9:00-12:00
for the latest rates and fees
 
 
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