Business Account Information

Service Charge Frequency

Service charges imposed for below-minimum balances will be applied once per calendar month on Prosperity-Plus Savings or once per statement period on all other accounts if the account falls below the minimum balance on any day of the period.

Rate Information

The annual percentage yields and interest rates on Checking-With-Interest, Money Market Investment, Savings, Prosperity-Plus Savings and Individual Retirement Savings Accounts are subject to change at our discretion at any time.

Interest Calculation, Accrual, Compounding and Crediting

Interest on Checking-With-Interest, Money Market Investment, Savings, Prosperity-Plus Savings, Individual Retirement Savings and Christmas Club Accounts is calculated using the daily balance method, applying a daily periodic rate to the principal in the account each day.

Interest begins to accrue on the business day we receive credit for the deposit of noncash items (for example, checks).

Interest is compounded and credited every month except on Christmas Club Accounts for which interest is not compounded and is credited to accounts every year.

Effect of Closing Accounts

If you close your Checking-With-Interest, Money Market Investment, Prosperity-Plus Savings, Individual Retirement Savings or Christmas Club Account before interest is credited, you will not receive the accrued interest.

Transaction Limitations

On Money Market Investment or Savings Accounts: By federal regulation, transfers to another account (or to third parties by pre-authorized, automatic or telephone) are limited to six per statement period. No more than three of those transactions may be made by check, draft, debit card at merchant terminals or similar orders. Transactions conducted in person and by automatic teller machine (ATM) are unlimited.

On Prosperity-Plus Savings Accounts: By federal regulation, transfers to another account are limited to six per calendar month. None of those transactions may be made by check, draft, or use of a debit card at merchant terminals or similar orders, and none may be made to third parties by telephone, pre-authorization or automatically. Transactions conducted in person and by automatic teller machine (ATM) are unlimited.