Rate information – See current rates. At our discretion, we may change the interest rate for this account.
Compounding frequency – Interest will be compounded monthly.
Crediting frequency – Interest will be credited into this account monthly.
Average daily balance computation method – Interest is calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use to make this calculation is monthly.
Accrual of interest on non-cash deposits – Interest will begin to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks) into your account.
Minimum balance to open – The minimum balance required to open this account is $50.00.
Minimum balance to obtain the disclosed annual percentage yield – You must maintain a minimum average daily balance of $1,500.00 in your account to obtain the disclosed annual percentage yield. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use to make this calculation is monthly.
Deposit limitations – You may make an unlimited number of deposits into your account.
Fees and Charges – The following fees and charges apply to this account:
- Account Service Charge: $8.00 per statement cycle (Benefit Fee)
Additional Terms – The following additional terms apply to this account: You will receive free cashier’s checks and money orders along with one free box of checks per year. This account will close upon zero balance.
Additional Features offered through BaZing:
- Shop local, save local with BaZing savings
- Cell phone protection
- ID theft aid
- Roadside assistance
- $25,000 travel accidental death coverage
- Health Savings Card
- Buyers Protection and Extended Warranty
- (Additional information available at bazing.com)
We discourage establishing an account that requires two (2) or more signatures on any items drawn on the Account. You acknowledge that such a provision of requiring two signatures is solely for your personal or internal control purposes. You shall indemnify and hold us harmless for losses due to paying any item bearing at least one authorized signature.
This account consists of a checking sub-account and a savings sub-account. The bank may periodically transfer funds between these two sub-accounts. On a sixth transfer during a calendar month, any funds in the savings sub-account will be transferred back to the checking sub-account. If your account is a plan on which interest is paid, your interest calculation will remain the same. Otherwise, the savings sub-account will be non-interest bearing. The savings sub-account will be governed by the rules governing our other savings accounts. This process will not affect your available balance, the interest you may earn, FDIC insurance protection, or your monthly statement.