|
Rate Information: |
This is a tiered variable rate account tied to the 91 day Treasury Bill Rate. The interest rate to be paid on your account will depend on the daily balance in your account. The balance “tiers” listed below will determine which interest rates will be paid. |
|
|
|
|
Interest rates as of February 1, 2012
|
|
Annual Percentage Yield |
Interest Rate |
|
$1,000.00 - $4,999.99 |
.29% |
.29% |
|
$5,000.00 - $9,999.99 |
.29% |
.29% |
|
$10,000.00 + |
.29% |
.29% |
|
|
|
|
|
Compounding Frequency: |
Interest will be compounded every month. Interest will be credited to your account every month. |
|
|
|
|
Minimum balance to obtain the APY disclosed: |
You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield, and to avoid a $10.00 service fee. |
|
|
|
|
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: |
There are no limitations on the amount or frequency of withdrawals or transfers of funds from this account to any other account you have with Liberty Savings Bank, when affected by mail, messenger, at the ATM, or in person.
Transfers of funds other than those described above, have no limitations as to amount, but are restricted to 6 per month, of which no more than 3 may be made by checks drawn to third parties.� Transfers in excess of these limitations will be subject to a $15.00 service fee per item, and may result in loss of transfer and check privileges or closure
|
