Business Statement Savings
Start earning interest today with a basic savings plan from New Tripoli Bank! No minimum deposit required to open a business statement savings account.
- Interest paid with a minimum account balance of $20.00
- Interest compounded daily and paid monthly
- No monthly maintenance fees
- Unlimited number of deposits, withdrawals, and transfers in person, by mail, or by ATM
- Monthly paper or electronic statements
- Foreign ATM surcharge reimbursements up to $7.00 per month
Effective Date: Thursday, July 29, 2021
$20.00 and over
Interest rate and APY may change daily after the account is opened. Fees could reduce earnings.
* Interest rate and APY are fixed for the club year.
Rate Information: This is an interest bearing account. Please review our current rate schedule for interest rates and annual percentage yields.
Frequency of Rate Changes: The interest rate and annual percentage yield may change daily at the Bank's discretion.
Compounding and Crediting of Interest: Interest is compounded daily and credited every monthly statement cycle.
Minimum Balance Requirements: There is no minimum deposit to open an account. You must maintain a daily balance of $20.00 to obtain the disclosed annual percentage yield.
Balance Computation Method: We use the daily balance method to compute interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of Interest on Deposits: Interest begins to accrue on non-cash items (for example, checks) on the business day of deposit.
Withdrawal limitations: At any time we reserve the right to require not less than seven days notice in writing before any withdrawal from an interest bearing account.
Account Inactivity: An account is considered inactive/dormant if for 1 year there have been no transactions to the account. Account Inactivity Fee: $5.00 is charged per month if the balance is $100.00 or less.
Fees: Please refer to "View Fee Schedule" for additional information regarding applicable fees and charges.
|Account Reconciliation Charge||$10.00/hour (no charge in case of bank error)|
|ATM/Debit Card||Free at New Tripoli Bank-owned ATM's (foreign surcharges reimbursed up to $7.00/month)|
|Check Printing Charge||Free checks and deposit tickets (certain restrictions on style and quantity)|
|Coin Counting||Free for New Tripoli Bank customers|
|Copy of an Item||$3.00|
|Lost or Replacement Debit/ATM Card||$5.00|
|Online Banking/Bill Pay||Free|
|Overdraft Protection Transaction||Free|
|Overdraft/NSF Item (Paid or Returned)||$30.00 (This fee may be imposed for overdrafts by checks, in-person withdrawals, ATM withdrawals, debit card transactions, preauthorized automatic debits, telephone transfers, online banking transactions or other electronic means)|
|Return Item Charge||$12.00|
|Safe Deposit Box||Price varies based on size of box|
|Signature Guarantee||Free for New Tripoli Bank customers|
|Stop Payment Renewal||$25.00|
|Telephone Banking (Dial-A-Bank)||Free|
|Wire Transfer (domestic outgoing)||$20.00|
|Wire Transfer (foreign outgoing)||$40.00|
|Wire Transfer (incoming)||$10.00|