CITIZENS CLASSIC SAVINGS ACCOUNT
Rate Information – At our discretion, we may change the interest rates for this account.
Compounding frequency – Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits- Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open – The minimum balance required to open this account is $100.00.
Minimum balance to avoid a fee – If your balance falls below $100.00 on any day in the month, your account will be subject to a $1.00 Low balance Fee for that month. Fees could reduce earnings.
Deposit limitations – You may make any number of deposits into your account.
Limitations on frequency of transfers- A per item fee of $2.00 will be charged for each debit transaction (withdrawal, automatic transfer or payment out of the account in excess of one withdrawal during the statement cycle. Additionally, per Regulation D of the Federal Reserve Code, your account transactions are limited to six preauthorized debits per month. Repeated violations of Regulation D may result in your account being transferred to another product better suited to serve your needs.
Additional Terms- Fees could reduce earnings.
CHRISTMAS CLUB ACCOUNT
Compounding frequency – Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account November 15th of each year.
Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open – The minimum balance required to open this account is $50.00.
Deposits limitations – You may make an unlimited number of deposits into your account.
Fees and Charges – The following fees and charges apply to this account:
- EARLY WITHDRAWAL FEE: $10.00 per.
- Fees could reduce earnings.
Additional Terms – The following additional terms apply to this account: NO WITHDRAWAL ARE PERMITTED ON THIS ACCOUNT.
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