T-Bill Checking

RATE INFORMATION: Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (checks). We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal from an interest bearing account.

DETERMINATION OF RATE: The interest rate for your account will be equal to the 91 day T-bill.

FREQUENCY OF RATE CHANGE: We may change the interest rate on your account weekly.  Rate may change at any time after account is opened.

MINIMUM BALANCE REQUIREMENT: You must deposit at least $10,000.00 to open this account. A minimum balance fee of $25.00 will be imposed every statement cycle if the balance in the account falls below $10,000.00 any day of the statement cycle. To obtain the annual percentage yield (APY) disclosed, you must maintain a minimum balance of $10,000.00 in the account each day.

COMPOUNDING AND CREDITING: Your interest will be computed daily and credited to your account monthly.  If you close your account before the interest is credited, you will not receive the accrued interest.

BALANCE COMPUTATION METHOD: We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.

FEES: The following fees may be assessed against your account:

  • $18.00
Insufficient Funds per item
** Overdraft fees and Insufficient Funds fees may be created by check, in person withdrawal, ATM withdrawal, or other electronic means.
  • $10.00
Stop Payment per request
  • $10.00
Wire Transfer each outgoing wire
  • $5.00
Wire Transfer each incoming wire
  • $0.10
Photocopies per page
  • $10.00
Account Research per hour
  • $1.00
Fax Service per page
  • $2.00
Temporary Statement each statement
  • $2.00
Dormant Fee per month
** A "dormant" account is defined as one, which has had no activity in the past year, and no other service(s) is being used.

OTHER FEATURES: The following features are included as benefits: This account is available to individuals, sole-proprietorship, government entities(including schools), and non-profit organizations. The $25.00 service charge will be applied if balance drops below $10,000.00 unless your average balance is $20,000.00 or more.  Unlimited check writing.  1 free box of basic single wallet style checks per year.