A NOW account may be opened with a minimum deposit of $100.00. This type of account will compound interest monthly and interest will be credited to the account each month. The interest rate and annual percentage yield (APY) may change at any time. Please contact us for the current NOW account interest rate and APY.
NOW accounts are available for individuals and other types of non-profit entities.
If this type of account maintains a balance of $500.00 no monthly service charge will be imposed. Should the balance in the account drop below $500.00 at any point throughout the month there will be a monthly service charge applied as follows…
|If your balance is at least…||your monthly service charge will be…|
|$400.00 – $499.99||$1.00|
|$300.00 – $399.99||$2.00|
|$200.00 – $299.99||$3.00|
|$100.00 – $199.99||$4.00|
|$0.00 – $99.99||$5.00|