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All commercial savings accounts include:
According to Federal Regulations concerning
savings and MMDA accounts, there can be no more than six (6) preauthorized
transfers and withdrawals to a third party or to another account of yours at the
bank.
Note on interest-bearing accounts: Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest rate may change at any time at bank's discretion.
For current interest rate information, please contact First Bank & Trust Co.
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$5.00 |
$2,500 |
6 |
- $2,500 deposit to open account
- To maintain the current interest rate, your balance must never fall below $2,500 during the statement cycle.
- A $10 fee will be assessed for each additional debits exceeding the 6
allowed.
- Contact First Bank and Trust Co. for information on tiered rates
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$5.00 |
$250 |
3 |
- $250 deposit to open account
- Interest is compound/paid monthly, service charges assessed monthly with quarterly statements.
- Three (3) free withdrawals per quarter. A $2 fee will be assessed for each additional withdrawal. These additional fees may reduce the earnings on this account.
- Interest rate may change at any time at the bank's discretion
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