Checking
Super HI-FI Account
- Minimum to open account $20,000.00
- Two forms of ID required (one must be 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 $20,000.00
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
- Transfund Debit cards available
Costs
- No monthly charge if the account is maintained properly with the $20,000.00 minium balance.
- Must maintain an average daily balance of $20,000.00 or the account interest rate will switch back to the Now Account interest rate.
- If your balance during any one day in a statement cycle falls below $20,000.00 you will be charged a fee of $7.50 for that cycle and the interest rate paid on the entire balance will change to the Now account rate.
- Excess of six third party checks and/or covered withdrawals is $1.00 per excess debit each month.
Additional Notes
- At our discretion we may change the interest rate on your account daily. Your interest rate & annual percent yield may change.
- Your daily balance on each day is the ending balance of the account from the previous day plus any deposits and minus withdrawals made that business day.
- If you close your account before interest is credited, you will not receive the accrued interest.
- We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the accunt each day
- Interest begins to accrue no later than two business days after you deposit non cash items (for example, check).
Call or come in for fee brochure.
