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- Rate Information: Your interest
rate and annual percentage yield may change. Ask a Personal Banker
for current interest rates and annual percentage yields.
- Frequency of rate changes/Determination
of rate: At our discretion, we may change the interest
rate on your account at any time according to the Disclosure you
will receive.
- Compounding and crediting frequency:
Interest will be compounded monthly. Interest will be credited to
your account every month.
- Effect of closing an account:
If you close your account before interest is credited, you will
not receive the accrued interest.
- Minimum Deposit to open the account:
You must deposit $100.00 to open this account.
- Minimum Balance to avoid imposition
of fees: No minimum balance is required
- Minimum Balance to obtain the annual
percentage yield disclosed: No minimum balance is required.
- 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 we receive your
deposit of noncash items (for example, checks).
- Minimum deposit to open the account:
You must deposit $100.00 to open this account.
- Minimum balance to avoid imposition
of fees: No minimum balance is required.
- Monthly account service charge:
$6.50
- Rate Information: Your interest
rate and annual percentage yield may change. Ask a Personal Banker
for current interest rates and annual percentage yields.
- Frequency of rate changes/Determination
of rate: At our discretion, we may change the interest
rate on your account at any time.
- Compounding and crediting frequency:
Interest will be compounded monthly. Interest will be credited to
your account every month.
- Effect of closing an account:
If you close your account before interest is credited, you will
not receive the accrued interest.
- Minimum Deposit to open the account:
You must deposit $300.00 to open this account.
- Minimum Balance to avoid imposition
of fees: A monthly maintenance fee of $6.50 will be imposed
every statement cycle if the balance in the account falls below
$300.00 any day of the cycle or if an average daily balance of
$750.00 is not maintained.
- Minimum Balance to obtain the annual
percentage yield disclosed: You must maintain a minimum
daily balance of $300.00 or an average daily balance of $750.00
to obtain the disclosed annual percentage yield. Interest will
not be earned on those days the account balance falls below the
minimum.
- 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 we receive your
deposit of noncash items (for example, checks).
- NOTE: At least one of the account
holders must have attained the age of 55 to open this account
and a $1,000.00 balance must be maintained in this account or
in a separate savings, certificate of deposit, money market,
or other checking account with Bank of Shorewood.
- Rate Information: Your interest
rate and annual percentage yield may change. Ask a Personal Banker
for current interest rates and annual percentage yields.
- Frequency of rate changes/Determination
of rate: At our discretion, we may change the interest
rate on your account at any time.
- Compounding and crediting frequency:
Interest will be compounded monthly. Interest will be credited to
your account every month.
- Effect of closing an account:
If you close your account before interest is credited, you will
not receive the accrued interest.
- Minimum Deposit to open the account:
There is no minimum deposit required to open this account.
- Minimum Balance to avoid imposition
of fees: A monthly maintenance fee of $5.00 will be imposed
every statement cycle unless a $1,000.00 balance is maintained
in this account or in a separate savings, certificate of deposit,
money market, or other checking account with Bank of Shorewood.
- Minimum Balance to obtain the annual
percentage yield disclosed: No minimum balance is required.
- 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 we receive your
deposit of noncash items (for example, checks).
- Rate Information: Your interest
rate and annual percentage yield may change. Ask a Personal Banker
for current interest rates and annual percentage yields.
- Frequency of rate changes/Determination
of rate: At our discretion, we may change the interest
rate on your account at any time.
- Compounding and crediting frequency:
Interest will be compounded monthly. Interest will be credited to
your account every month.
- Effect of closing an account:
If you close your account before interest is credited, you will
not receive the accrued interest.
- Minimum Deposit to open the account:
You must deposit $500.00 to open this account.
- Minimum Balance to avoid imposition
of fees: A monthly maintenance fee of $10.00 will be imposed
every statement cycle if the balance in the account falls below
$500.00.
- Minimum Balance to obtain the annual
percentage yield disclosed: You must maintain a minimum
daily balance of $500.00 to obtain the disclosed annual percentage
yield. Interest will not be earned on those days the account balance
falls below the minimum.
- 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 we receive your
deposit of noncash items (for example, checks).
- Transaction limitations: Transfers
from a Money Market Account to another account or to third parties
by preauthorized, automatic, or telephone transfer are limited
to six per statement cycle.. An unlimited number of withdrawals
may be made in person at a Bank of Shorewood branch or at an ATM.
- Fees: A per check fee of $15.00
will be charged for each excessive preauthorized, automatic, and/or
telephone transfer when the sum of the transfers and checks paid
exceeds six during a statement cycle. Further, we may return your
checks or automatic debits unpaid, in addition to collecting the
$15.00 fee for each excess item. We are also required by law to
convert an account with excessive transaction activity to a non-interest
bearing account, with loss of interest for the current period,
or close the account.
- Rate Information: Your interest
rate and annual percentage yield may change. Ask a Personal Banker
for current interest rates and annual percentage yields.
- Frequency of rate changes/Determination of rate: At our discretion, we may change the interest rate on your account.
- Compounding and crediting frequency:
Interest will be compounded monthly. Interest will be credited to
your account every month.
- Effect of closing an account:
If you close your account before interest is credited, you will
not receive the accrued interest.
- Minimum Deposit to open the account:
You must deposit $10,000.00 to open this account.
- Minimum Balance to avoid imposition
of fees: A monthly maintenance fee of $25.00 will be imposed
every statement cycle if the balance in the account falls below
$10,000.00.
- Minimum Balance to obtain the annual
percentage yield disclosed: You must maintain a minimum
daily balance of $10,000.00 to obtain the disclosed annual percentage
yield. Interest will not be earned on those days the account balance
falls below the minimum.
- 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 we receive your
deposit of noncash items (for example, checks).
- Transaction limitations: Transfers
from a Money Market Account to another account or to third parties
by preauthorized, automatic, or telephone transfer are limited
to six per statement cycle. An unlimited number of withdrawals
may be made in person at a Bank of Shorewood branch or at an ATM.
- Fees: A per check fee of $15.00
will be charged for each excessive preauthorized, automatic, and/or
telephone transfer when the sum of the transfers and checks paid
exceeds six during a statement cycle. Further, we may return your
checks or automatic debits unpaid, in addition to collecting the
$15.00 fee for each excess item. We are also required by law to
convert an account with excessive transaction activity to a non-interest
bearing account, with loss of interest for the current period,
or close the account.
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