Gives you a high interest rate and limited check writing privileges.
- The minimum deposit required to open this account is $100,000.00.
- You must maintain a balance of $100,000.00 in the account each day in order to receive the stated interest rate.
- There are no deposit limitations. Withdrawal limitations do exist. During any statement cycle, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, or by check, draft , debit or similar order to a third party. If you exceed these transfer limitations, your account may be subject to closure or reclassification by the financial institution.
- Your interest rate and Annual Percentage Yield may change. At our discretion, we may change the interest rate on your account at any time.
- Interest begins to accrue on the next day of deposit, if received by 2:30 p.m.
- Interest is compounded monthly and credited to your account monthly when the statement is prepared. 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 your account. This method applies a periodic rate to the daily balance in your account for the period.
- You must maintain the minimum balance shown in the account each day to obtain the Annual Percentage Yield described.
- No service charge.
- All miscellaneous bank service charges and fees are waived for this account.
Bank by phone to obtain information about your checking, savings, or loan account 24 hours a day, 7 days a week by dialing (956) 761-5425 or 1-888-653-9559.