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Minimum Balance
Requirements
You must deposit $2500.00 to open this account. You must maintain a minimum
daily balance of $2500.00 in the account every day to obtain the disclosed
annual percentage yield. A minimum balance fee will be imposed every statement
cycle if the balance in the account falls below $2500.00 any day.
Transaction Limitations
You may make only six transfers/withdrawals per calendar month or statement
cycle of at least 4 weeks (not including those made by mail, in person, by
telephone with check mailed to us, messenger, ATM, or to repay loans with us),
and only 3 of these may be payments by check, draft, debit card or similar order
to third parties. Repeated excessive withdrawals for three statement cycles will
result in loss of interest bearing status.
Frequency of Rate Change
We may change the interest rate for your account at any time.
Compound and Crediting
Interest will be compounded on a monthly basis. Interest will be credited to
your account on a monthly basis. If you close your account before interest is
credited you will not receive the un-credited accrued interest. Interest begins
to accrue on the business day you deposit non-cash items (for example, checks).
Balance Computation Method
We use the daily balance method to calculate th interest on your account: This
method applies a daily periodic rate to the principal in the account each day.
Electronic Fund Transfer Limitations
There are limits on the dollar amount of cash withdrawals you can make using the
automated teller machines. You will be informed on these limits when you receive
your card.Please
contact us for more information on opening a
First Community Bank
IRA.
For additional information on our accounts,
contact us to
request a copy of our Schedule of Fees and
Deposit Account
Terms and Conditions. |
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Terms & Conditions
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