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Folks (with Interest) Account
Minimum
Deposit to Open
Account......................................................$1,000.00
Balance Required to Avoid Service
Charge............................................$1,000.00
Monthly service charge of $5.00 if the balance falls below $1,000.00 on any day
during the monthly statement cycle.
A
monthly HOME FOLKS fee will be charged each statement cycle for accidental
death/dismemberment insurance regardless of account status.
Interest Rate &
Annual Percentage Yield information see
Investment Products
Method of
Computation......................................................................Daily
Balance
(The Daily Balance is determined by the application of a daily periodic rate to
the full amount of principal in the account each day.)
Interest
Compounded..........................................................................Daily
Interest
Credited..................................................................................Monthly
Accrual of Interest on non-cash deposits: Interest begins to accrue when
funds are collected.
If
you close your account before the Interest is credited, you will receive the
accrued Interest up to, but not including, date of closure.
your
Interest Rate and Annual Percentage Yield may change. At our discretion,
we may change the Interest Rate on your account at any time.
Statement
Period...................................................................................Monthly
Cost for check printing varies depending on the style of checks ordered.
Overdraft
Charge..................................................................................$24.50
per item
Nonsufficient Funds (NSF)
Charge.......................................................$24.50 per item
Stop Payment
Charge............................................................................$22.00
per item
Deposit Check Return Charge (Charge
Back)......................................$3.00 per item
SPECIAL FEATURES FOR HOME FOLKS ACCOUNT
Cashier's Checks..................................No Charge (Limit 5 per
month.)
Photo Copies.........................................No Charge (Limit 10 per
month.)
Travelers Checks..................................No Charge
Outgoing Wire Transfers......................$10.00 per item
