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| *Please refer to Truth & Savings Disclosure for additional information regarding tiered rates and limited transaction requirements. |
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*Please refer to Truth & Savings Disclosure for additional information regarding tiered rates and limited transaction requirements. |
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TYPE OF ACCOUNT
For specific terms and conditions relating
to these accounts, please contact the
New Accounts Representative at your local
branch.
|
TERM |
MINIMUM
OPENING DEPOSIT REQUIRED |
MINIMUM
DAILY BALANCE REQUIRED TO AVOID MONTHLY
FEES |
FEE
PER QUARTER |
MINIMUM
DAILY BALANCE TO EARN DISCLOSED ANNUAL
PERCENTAGE YIELD (APY) |
INFORMATION
RELATING
TO INTEREST
AND ANNUAL PERCENTAGE
YIELD* |
INDEPENDENCE
PERSONAL
SAVINGS
** A limited
transaction account |
N/A |
$200.00 |
$200.00 |
$6.00 |
$200.00 |
Interest is
compounded
quarterly and paid
quarterly |
INDEPENDENCE
BUSINESS
SAVINGS
** A limited
transaction account |
N/A |
$1,000.00 |
$1,000.00 |
$15.00 |
$1,000.00 |
Interest is
compounded
quarterly and paid
quarterly |
TIME
CERTIFICATE
OF DEPOSIT
$500.00 or
more, but less than
$100,000.00 |
7
Days
to
5 Years |
$500.00 |
None |
None |
$500.00 |
Interest is
compounded daily
and paid monthly |
JUMBO
TIME
CERTIFICATE
OF DEPOSIT $100,000.00 or more
|
7
Days
to
5 Years |
$100,000.00 |
None |
None |
$100,000.00 |
Interest is
compounded daily
and paid monthly |
"I.R.A."
INDIVIDUAL
RETIREMENT
ACCOUNTS |
6
Months to
60 Months |
$500.00 |
None |
None |
$500.00 |
Interest is
compounded daily
and paid annually or
at maturity |
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* At our discretion we may change the interest rate on these accounts at any time. Contact your Branch Representative for Rates and Annual Percentage Yield. **Please refer to Truth & Savings Disclosure for additional info regarding limited transaction requirements. |
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Fees on Personal Savings:
A service charge of $6.00 on business savings accounts will be imposed every quarter if the balance in the account falls below the required minimum any day of the quarter. Withdrawals in excess of three (3) per four (4) week period, including ATM transfers and withdrawals, will be assessed at $1.00 per debit, regardless of balance kept in the account.
Fees on Business Savings:
A service charge of $15.00 on personal savings accounts will be imposed every quarter if the balance in the account falls below the required minimum any day of the quarter. Withdrawals in excess of three (3) per calendar quarter, including ATM transfers and withdrawals, will be assessed at $1.00 per debit, regardless of balance kept in the account.
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Insured
Equal Housing Lender