Text Size Small textMedium textLarge text

Rates

Disclosures
 Certificates of Deposit Disclosures

CD Rates are subject to change. The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings.

Early withdrawal penalties (a penalty may be imposed for withdrawal before maturity)...

  • If your account has an original term of 90 days or less:
    The fee we may impose will equal one months interest on the amount withdrawn, subject to penalty.
  • If your account has an original term of 91 days to twelve months:
    The fees we may impose will equal three months interest on the amount withdrawn, subject to penalty.
  • If your account has an original maturity of over 12 to 24 months:
    The fee we may impose will equal six months interest on the amount withdrawn, subject to penalty.
  • If your account has an original maturity of over 24 months or greater:
    The fee we may impose will equal 12 months interest on the amount withdrawn, subject to penalty.

In certain circumstances, such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. See your plan disclosure if this account is part of an IRA or other tax qualified plan.
 

 Personal Accounts Disclosures

Savings Account Interest Information

Rates and the resulting annual percentage yields may change any time at our discretion.

Interest is calculated using the daily balance method which applies a daily periodic rate to the principal in the account each day.

Interest begins to accrue on the business day a non cash item, that is a check, is deposited to the account.

If you close the account before interest is credited, you will not receive the accrued interest.

Transfers to another account or third parties by preauthorized, automatic, or telephone transfer are limited to six per month with no transfers by check, draft, debit card, or similar order to the third parties.

Fees may reduce the earnings on an interest bearing account.

Disclosures For Checking Account Interest Information:

Rates and the resulting annual percentage yields may change any time at our discretion.

Interest is calculated using the daily balance method which applies a daily periodic rate to the principal in the account each day.

Interest begins to accrue on the business day a non cash item, that is a check, is deposited to the account.

Interest is compounded and credited every month.

If you close the account before interest is credited, you will not receive the accrued interest.

Fees may reduce the earnings on an interest bearing account.

PREFERRED MONEY MARKET ACCOUNT DISCLOSURE

Minimum opening balance of $5,000.00.  

The rate may change after account opening. 

Rates and the resulting annual percentage yields may change any time at our discretion.  

Variable tiered rate.  

A $10.00 fee will be assessed if balance falls below $5,000.00 any day of the month.  

Checks, drafts, transfers to another account or to third parties by pre-authorized, automatic or telephone transfers are limited to 6 per month. 

Interest is calculated using the daily balance method which applies a daily periodic rate to the principal in the account each day.  

Interest begins to accrue on the business day a non cash item, that is a check, is deposited to the account.  

If you close the account before interest is credited, you will not receive the accrued interest.  

Fees may reduce earnings on an interest bearing account.  

 

THE FORT MONEY MARKET ACCOUNT DISCLOSURE

Minimum opening balance of $1,000.00.  Rates and the resulting annual percentage yields may change any time at our discretion.

Interest is calculated using the daily balance method which applies a daily periodic rate to the principal in the account each day.

Interest begins to accrue on the business day a non cash item, that is a check, is deposited to the account.  Interest compounded and credited monthly. Variable tiered rate.  A $10.00 fee will be assessed if balance falls below $1,000.00 any day of the month.  Must maintain minimum daily balance of $0.00 to obtain disclosed APY.  Checks, drafts, transfers to another account or to third parties by pre-authorized, automatic or telephone transfers are limited to 6 per month.  Interest is calculated using the daily balance method which applies a daily periodic rate to the principal in the account each day.  Interest begins to accrue on the business day a non cash item, that is a check, is deposited to the account.  If you close the account before interest is credited, you will not receive the accrued interest.  Fees may reduce earnings on an interest bearing account.

HEALTH SAVINGS ACCOUNT DISCLOSURE

  • Rate Information - The interest rates and annual percentage yields may change at any time
  • Compounding Frequency Interest will be compounded monthly.
  • Crediting Frequency Interest will be credited into this account monthly.
  • Effect of Closing an Account If you close your account before interest is paid, you will not receive the accrued interest.
  • Daily Balance Computation Method Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
  • Accrual of Interest on Noncash Deposits Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
  • Minimum Balance to Open The minimum balance required to open this account is $50.00.
  • Minimum Balance to obtain the disclosed annual percentage yield: - You must maintain a minimum daily balance of $0.00 in your account each day to obtain the disclosed annual percentage yield.
  • Deposit Limitations You may make an unlimited number of deposits into your account.
  • Fees and Charges The following fees and charges apply to this account:
    • Annual Fee: $25.00 per year. Fees may reduce the earnings on an interest bearing account.
  • Additional Terms
    • Free HSA Debit card transactions
    • Free electronic transfers (in & out)
 Business Extra Eligibility
Sole Proprietorship, certain non-profit organizations and government units. For full details contact a new account representative at any of our Old Fort Bank Financial Centers.

 

TOP OF PAGE