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*APY = Annual Percentage Yield. APYs accurate as of 6/7/2022.
Truth-In-Savings Disclosure:
Rate Information. At our discretion, we may change the interest rate(s) for this account.
The interest rate on this account is 0.010000% with an annual percentage yield of 0.01%. The interest rate(s) and annual percentage yield(s) may change at any time.
Additional Rate Information. The initial interest rate on your account if qualifications are met, balances up to $25,000.00 earn 2.01%/2.01% APY; and balances over $25,000.00 earn 0.10%/0.10% APY, resulting in a range from 0.48% to 2.01% APY depending on the account balance. Subsequent rates if qualifications are not met, 0.01%/0.01% APY on the entire balance.
Crediting Frequency. The interest will be credited into this account monthly.
Compounding Frequency. The interest will be compounded monthly.
Effect of Closing an Account. If you close your account before interest is credited, you will not receive the accrued interest.
Daily Balance Computation Method. The interest is calculated by the daily balance method which applies a daily periodic rate to the principal in the account each day.
Accrual of Interest on Noncash Deposits. The 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 $25.00.
Deposit(s) Limitations. You may make an unlimited number of deposit(s) into your account.
Fees and Charges. The following fees and charges apply to this account:
Paper Statement Fee: $4.00
Additional Terms. The following additional terms apply to this account: OMB High Interest Checking Qualifications: 12 debit card purchases must be posted to your account during your monthly statement cycle. 1 Direct Deposit or ACH Auto Debit/Credit posted monthly to your account. Condition: This account requires you to receive electronic statements monthly; however, you may add-on the service of receiving a paper statement fee for a $4 monthly statement fee. ATM Refund: If qualifications are met we will refund up to $15 for nationwide ATM withdrawal fees imposed by us and other financial institutions during your monthly qualification statement. ATM Refund: If you fail to meet the monthly qualifications, ATM fees will not be refunded. When qualifications are not met, your checking account is still service charge FREE. Limit one account per primary Social Security Number. Nonsufficient Funds (NSF) Fees - If an item drafted by you (such as a check) or a transaction you set up (such as a preauthorized transfer) is presented for payment in an amount that is more than the amount of money available in your account, and we decide not to pay the item or transaction we can charge you an NSF fee for returning the payment. Be aware that such an item or payment may be presented multiple times and that we do not monitor or control the number of times a transaction is presented for payment.
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