Ability to Earn Extra Cash
No Minimum Balance To Earn Rewards
Perfect if you have a balance over $2,500!
Current Grow Statement Cycle
|Annual Percentage yield||1.75% APY*|
|ATM Refunds||Up to $15.00|
|Minimum Opening Deposit||$100.00|
|Minimum Balance to Earn Interest||$0.01|
|Online Bill Pay1|
|Overdraft Protection Available2|
*APY = Annual Percentage Yield
Other Important Disclosures
1. Online Bill Pay is $5.95 a month. Fee is waived if enrolled in e-statements.
2. Overdraft Protection has a fee of $10 per use.
Limit one account per SSN.
Rate information - At our discretion, we may change the interest rates for this account. Tier 1 - An interest rate of 0.150% will be paid only for that portion of your average daily balance that is $20,000.00 or more. The annual percentage yield (APY) for this tier will range from 0.97% to 0.31%, depending on the balance in the account. Tier 2 - An interest rate of 0.200% will be paid only for that portion of your average daily balance that is $10,000.00 or more, but less than or equal to $19,999.99. The annual percentage yield (APY) for this tier will range from 1.75% to 0.97%, depending on the balance in the account. Tier 3 - An interest rate of 1.750% will be paid on the entire portion of your average daily balance that is less than $10,000.00. The annual percentage yield (APY) for this tier is 2.00%. The interest rate(s) and annual percentage yield(s) are accurate as of April 1, 2021. If you would like more current rate and yield information, please call us at (217)857-3166. The interest rates and annual percentage yields may change at any time. Additional Rate Information - When the Grow Checking qualifications are NOT met, the interest rate on your account will be 0.01% and the annual percentage yield will be 0.01%. When the Grow Checking qualifications are met, the interest rate on your Grow Checking account and corresponding annual percentage yield will be tiered as described in the RATE INFORMATION section. Compounding frequency - Interest will be compounded daily. Crediting frequency - Interest will be credited into this account monthly. Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest. 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 $100.00. Deposit limitations - You may make an unlimited number of deposits into your account. Additional Terms - The following additional terms apply to this account: Purpose & Use Expectations: The Grow Checking account is intended to be the accountholder's primary checking account in which payroll transactions and day-to-day spending activities including but not limited to grocery, gasoline, apparel, shopping, dining, sporting and entertainment transactions are posted and settled. Commensurate with the spending activities identified above, we expect the account's debit card to be used frequently throughout each month and for transaction amounts to reflect a wide dollar range. Small debit card transactions conducted on the same day at a single merchant and/or multiple transactions made during a condensed time period particularly near the end of a Monthly Qualification Cycle are not considered normal, day-to-day spending behavior. These types of transactions appear to be conducted with the sole purpose of qualifying for the account's rewards and thus will be deemed inappropriate transactions and will not count toward earning the account's rewards. Teutopolis State Bank reserves the right to determine if the account is being maintained for a purpose other than day-to-day, primary use. Accountholders who persist in making debit card transactions in a calculated and limited fashion in order to meet their monthly qualifications may have their accounts converted to a different checking account or closed altogether. We also reserve the right to convert the account to a different checking account if the account does not have consistent active use over 6 consecutive Statement Cycles. We have the right to close this account at any time, with proper notice. Our decision to close the account will not affect your existing obligations to us including any obligation to pay fees or charges incurred prior to termination. No deposits will be
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