- The daily collected balance computation method is used to calculate interest on your account. This method applies to a daily periodic rate to the principal in the account each day. Interest accrues on the business day you deposit non-cash items. Fees may reduce earnings on account. Annual percentage yield (APY) is variable and may change after the account is open.
- Must maintain $1,500 in Value Checking Plus Account or $12,500 in Money Market to avoid service charge.
- Value Checking w/Rewards Account Effective 07/22/2022 Requirements to earn 3.00% Annual Percentage Yield, APY, on balances up to $24,999.99 and rewards: 1. Use Online banking one time per statement cycle 2. Sign up and receive electronic statements 3. Use debit card 15 times (Point-Of-Sale transactions) per statement cycle 4. One direct deposit or ACH debit payment per statement cycle. If you do not meet these requirements during the statement cycle, your account will still earn interest but at a lower rate (0.05% APY) and will NOT receive the $8.95 monthly service charge refund. Fees may reduce earnings. APY is accurate as of 07/22/2022. We may change the interest rate and APY at any time after the account is opened. Rewards Include: Online Banking with Free Bill Pay , Mobile App with Free Mobile Check Deposit and Refund of Service Charge. Digital Statements are included for Free and are required to qualify for waiver of service charge. Paper statements are available for a $5 charge per statement, but will nullify qualification conditions.
