Rate information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every day. Interest will be credited to your account every year. No accrued interest will be paid on incomplete clubs.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account - You must deposit the club coupon to open this account.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Transaction limitations: - If any withdrawal is made from this account before October then this account may be closed. All deposits to this account must be in the prearranged amount of your weekly deposit. At account opening you have chosen that amount to be $1.00, $2.00, $5.00, $10.00, or $20.00.
Fees: - A premature closing fee of $10.00 will be charged if the account is closed before the "club" matures.