BANK ABC
DISCLOSURE OF INTEREST, FEES,
AND ACCOUNT TERMS
MONEY MARKET ACCOUNT
Fee schedule
•
Check
returned for insufficient
funds (per check)
$16.00
•
Stop-payment
request (per
request)
$12.50
•
Certified
check (per check)
$10.00
•
Check
printing
(Fee
depends on style of checks ordered)
Rate information
- If your daily balance is $15,000 or more, the interest
rate paid on the entire balance in your account will be 5.75 % with an annual percentage yield of 5.92 %.
- If your daily balance is more than $2,500, but less
than $15,000, the interest rate paid on the entire balance in your
account will be 5.50 % with an annual percentage yield of 5.65 %.
- If your daily balance is $2,500 or less, the interest
rate paid on the entire balance will be 5.25 % with an annual
percentage yield of 5.39 %.
- Your interest rate and annual percentage yield may
change. At our discretion, we may change the interest rate for your
account at any time. The interest rate for your account will never
be less than 2.00%.
- Interest begins to accrue on the business day you
deposit noncash items (for example, checks).
- Interest is compounded daily and credited on the last
day of each month.
Minimum-balance requirements
- You must deposit $1,000 to open this account.
- A minimum balance fee of $5.00 will be imposed every
month if the balance in your account falls below $1,000 any day of
the month.
Balance-computation method
- We use the daily-balance method to calculate the interest
on your account. This method applies a daily periodic rate to the
principal in the account each day.
Transaction limitations
- You may make six (6) transfers from your account,
but only three (3) may be payments by check to third parties.
