First Bank of Baldwin - Savings Account
Instant Cash Card is optional with this account.
|Instant Cash card fee (per month)
Compounding frequency-Interest will be compounded quarterly.
Crediting frequency-Interest will be credited into this account quarterly.
Average daily balance computation method-Interest is calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use to make this calculation is monthly.
Accrual of interest on noncash deposits-Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open-The minimum balance required to open this account is $10.00.
Deposit limitations-You may make an unlimited number of deposits into your account.
Limitations on frequency of transfers-During any calendar month of statement cycle of at least four weeks, 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.
Additional terms-The following additional terms apply to this account:
Instant Cash-The fee for an Instant Cash card is $1.50 per month. The daily dollar limit on your card will be determined when your application is approved. You may withdraw up to your daily dollar limit or your current balance, whichever is less, in a 24 hour period.