REGULAR CHECKING ACCOUNT
Fees:
A service charge fee of $.20 will be charged for each debit transaction (withdrawal, check paid, automatic transfer, or payment out of this account). This fee will apply if the average balance during the monthly statement cycle drops below $300.00.
CHRISTMAS CLUB ACCOUNT
Rate Information- Your interest rate and annual percentage yield may change.
Frequency of rate change – We may change the interest rate on your account at any time.
Determination of rate – At our discretion, we may change the interest rate on you account.
Compounding and crediting frequency – Interest will not be compounded. Interest will be credited to your account at maturity.
Effect of closing an account – If you close you account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account – You must deposit $1.00 to open this account.
Daily 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.
Accrual of interest on noncash deposits –Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Transaction limitations:
Withdrawals are restricted. Only at maturity will the account balance be paid by First National Bank.
Payments are accepted in multiples of the scheduled payment on your Club account.
NOW ACCOUNT
Rate Information – Your interest rate and annual percentage yield may change.
Frequency of rate changes –We may change the interest rate on you account at any time.
Determination of rate- At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency- Interest will be compounded every month. Interest will be credited to your account every month.
Minimum balance to avoid imposition of fees –A service charge fee of $8.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $1,000.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
Daily 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.
Accrual of interest on noncash deposits –Interest begins to accrue on the business day you deposit noncash items (for example, checks).
SUPER NOW ACCOUNT
Rate Information –Your interest rate and annual percentage yield may change.
Frequency of rate changes –We may change the interest rate on your account at any time.
Determination of rate –At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency –Interest will be compounded every month. Interest will be credited to your account every month.
Minimum balance to open the account –You must deposit $2,500.00 to open this account.
Daily 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 every day.
Accrual of interest on noncash deposits –Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Fees:
A maintenance fee of $7.50 will be charged each month.
MONEY MARKET ACCOUNT
Rate information –Your interest rate and annual percentage yield may change.
Frequency of rate changes –We may change the interest rate on your account every week.
Determination of rate –The interest rate on your account is based on the 182-day time certificate rate plus a margin of .50% for tier(1), 182-day time certificate rate minus a margin of .25% for tier(2), 182-day time certificate rate minus a margin of .50% for tier (3). 182-day time certificate rate minus a margin of .75% for tier (4). Tier(5) will bear rate at the discretion of First National Bank.
Compounding and crediting frequency –Interest will be compounded every statement cycle. Interest will be credited to your account every statement cycle.
Minimum balance to open account –You must deposit $100.00 to open this account.
Daily 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 year.
Accrual of interest on noncash deposits –Interest begins to accrue on the business day you deposit noncash items(for example, checks).
Transaction limitations:
Each deposit must be equal to or greater than $100.00.
Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than three by check, draft, or similar order to third parties.
Fees:
A maintenance fee of $4.00 will be charged each month.
SAVINGS ACCOUNT
Rate information –Your interest rate and annual percentage yield may change.
Frequency of rate changes –We may change the interest rate on your account at any time.
Determination of rate –At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency –Interest will be compounded every quarter. Interest will be credited to your account every quarter.
Minimum balance to open account –A service charge fee of $1.00 per quarter and $.50 per withdrawal will be imposed each quarterly statement cycle if the daily balance falls below $300.01 any day of the cycle. Individual account holders under 18 years of age may be excluded.
Daily balance computation method –We use the daily balance method to calculate the interest on your account. The method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits –Interest begins to accrue on the business day you deposit noncash items(for example, checks).
Transaction limitations:
Transfers from a Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month with no transfers by check, draft, debit card, or similar order to third parties.
IRA ACCOUNT
Rate information –Your interest rate and annual percentage yield may change.
Frequency of rate changes –We may change the interest rate on your account on the first Tuesday of each month.
Determination of rate –The interest rate on your account is based on the 182-day Treasury note auction plus a margin of .25%
Limitations on rate changes –The interest rate will never drop below 2%.
Compounding and crediting frequency –Interest will be compounded every month. Interest will be credited to your account every month.
Daily 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.
Accrual of interest on noncash deposits –Interest begins to accrue on the day following the business day of deposit on which you deposit noncash items (for example, checks).
Minimum balance to open the account –None.
CERTIFICATE OF DEPOSIT
Rate information –The interest rate on your account is _____ % with an annual percentage yield of ____ %. You will be paid the disclosed rates until first maturity.
Compounding frequency –Interest will be compounded every_____.
Crediting frequency –Interest will be credited to your account every _______.
Minimum balance to open the account –You must deposit $1,000.00 to open this account.
Minimum balance to obtain the annual percentage yield disclosed –You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield. (Applicable to all time accounts except IRA accounts, which do not require a minimum balance of $1,000.00 to obtain the annual percentage yield.)
Daily 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.
Accrual of interest on noncash deposits –Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Transaction limitations:
You may not make any deposits into your account before maturity. (Additional deposits are allowed to IRA accounts.)
You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal.
You can withdraw interest accrued in the term before maturity of that term without penalty. You can withdraw interest only on the crediting dates. No withdrawals of principal or interest are allowed from IRA accounts before maturity.
Time requirements –Your account will mature _________________________________.
Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity)-
- If your account has an original maturity of 31 days or less:
The fee we may impose will be greater of all of the interest earned on the amount withdrawn from the most recent date of deposit or last renewal, or all the interest that could have been earned on the amount withdrawn during a period equal to one-half of the maturity period.
- If your account has an original maturity of more than 31 days and up to, and including, one year:
The fee we may impose will equal one months interest on the amount withdrawn subject to penalty.
- If your account has an original maturity of more than one year:
The fee we may impose will equal three months interest on the amount withdrawn subject to penalty.
In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. See your plan disclosure if this account is part on an IRA or other tax qualified plan.
Withdrawal of interest prior to maturity –The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
- Automatically renewable time account –This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within any grace period mentioned below. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, interest will not accrue after final maturity.
Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit.
You will have ten calendar days after maturity to withdraw the funds without a penalty.
- Non-automatically renewable time account –This account will not automatically renew at maturity. If you do not renew the account, interest will not accrue maturity.
COMMON FEATURE
The following fees may be assessed against your account and the following transaction limitations, if any, apply to your account.
Check printing…………………….(fee depends on style of check ordered)
Cashier’s checks $2.00 per check
Money orders $1.00 per check
Traveler’s checks $1.00 per $100.00
Joint traveler’s checks $1.50 per $100.00
Transfer fee $5.00
An account is dormant if for one year (checking), or two years (savings), you have made no deposits or withdrawals to the account and you have had no communication with us about your
account(s).
Dormant account fee $.75
This fee is charged each month.
Overdraft (all overdrafts paid on a day) $20.00
Preauthorized transfers to cover overdrafts $5.00
Nonsufficient funds (NSF)-each $20.00
Nonsufficient funds (NSF) Ach (preauthorized withdrawl) $20.00
Nonsufficient funds (NSF) telephone transfer $20.00
Nonsufficient funds (NSF) telephone payment $20.00
Account research $12.00 per hour
Account balancing assistance $12.00 per hour
Stop payments $10.00 each
Stop payments for a series of items $10.00
Returned deposit $5.00 per item
Revolving credit annual fee $20.00
Photocopies $.25 per copy
Fax:
First page sent $2.00
Each additional page sent $1.00
Each page received $1.00
Foreign checks processed $3.00 per item sent for collection
Domestic wire transfers- Outgoing $15.00
Foreign wire transfers- Outgoing $50.00
We may require not less than 7 days’ notice in writing before each withdrawal from an interest –bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for each withdrawal.
