Checking
HI-FI Account
- Minimum to open account $2,500.00
- 2 forms of ID required to open account (1 must be a photo ID)
- You may make six transfers from your account by check, draft or similar to third parties per statement cycle.
- Unlimited In-House transfers
- Fees apply if any one daily balance falls below $2,500.00
Benefits
- Compounding and Crediting Interest. The interest is compounded and credited to your account at the end of each statement cycle.
- Free Teleweb
- Free Telebank
- Trandsfund Debit Cards available
Costs
- No monthly charge if account is maintained properly with the $2,500 minium balance.
- If your balance during any one day in a statement cycle falls below $2,500 you will be charged a fee of $7.50 for that cycle.
- You are limited to 6 transfers from this account each month.
- If you close your account before interest is credited, you will not receive the accrued inerest.
Additional Notes
- Your daily balance on each day is the ending balance of the account from the previous day plus deposits and minus withdrawls made that business day.
- At our discretion we may change the interest rate on your account daily. Your interest rate & annual percent yield may change.
- 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.
- Interest begins to accrue no later than two business days after you deposit non cash items (for example, checks)
Call or come in for fee brochure.
