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Truth in Savings

If you would like more current rate and yield information please call us at (888) 298-8821or visit us online at www.newtripolibank.net.

This disclosure contains the rules which govern your deposit account. Unless it would be inconsistent to do so, words and phrases used in this disclosure should be construed so that the singular includes the plural and the plural includes the singular.

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.

Statement Savings Account

This is an interest-bearing account. There is no minimum deposit to open an account. The interest rate and annual percentage yield may change daily at the bank’s discretion. We use the daily balance method to compute interest on this account. This method applies a daily periodic rate to the principal in the account each day.

Interest is compounded daily and credited every monthly statement cycle. You must maintain a daily balance of $20.00 to obtain the disclosed annual percentage yield. Interest begins to accrue on non-cash items (for example, checks) on the business day of deposit.

Money Market Account

This is an interest-bearing account. The minimum deposit to open an account is $1,000.00. The interest rate and annual percentage yield may change daily at the Bank’s discretion. We use the daily balance method to compute interest on this account. This method applies a daily periodic rate to the principal in the account each day.

Interest is compounded daily and credited every monthly statement cycle. Your account will be charged a monthly maintenance service charge of $5.00 for the period if your average daily balance is less than $1,000.00 for the monthly statement cycle. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. You must maintain a daily balance of $1,000.00 to obtain the disclosed annual percentage yield. If the daily balance falls below $1,000.00, the account will earn the annual percentage yield we offer on Statement Savings Accounts. Interest begins to accrue on non-cash items (for example, checks) on the business day of deposit.

Christmas Club Accounts

This is an interest-bearing account. 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. The interest rate and annual percentage yield may change annually at our discretion. Interest will be compounded daily and credited at the end of the club year. If the account is closed prior to the end of the club year, all accrued interest will be forfeited and a service charge fee of $5.00 will be imposed. We use the daily balance method to compute interest on this account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on non­cash items (for example, checks) on the business day of deposit.

Account Inactivity

An account is considered dormant if for 1 year there have been no transactions to the account. Account Inactivity fee is $5.00 per month if the balance is $100.00 or less.

Other Charges in Connection with an Account

Effective Date: Tuesday, May 21, 2024

Table - Other Charges in Connection with an Account (Rate Table)
ServiceFee
Account Research$10.00/hour
Account Reconciliation Charge$10.00/hour (no charge in case of bank error)
ACH Return$30.00
ATM/Debit CardFree at New Tripoli Bank owned ATM's (foreign surcharges reimbursed up to $7.00 per month)
Certified Check$10.00
Check Collection Charge$5.00
Check Printing ChargeFree checks and deposit tickets (certain restrictions on style and quantity)
Coin CountingFree (New Tripoli Bank Customers)
E-StatementFree
Lost or Replacement Debit/ATM Card$5.00
Online Banking/Bill PayFree
Overdraft Protection TransactionFree
Overdraft/NSF Item (Paid or Returned)

$30.00 per presentment (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 BoxPrice varies based on size of box
Signature GuaranteeFree (New Tripoli Bank Customers)
Stop Payment$25.00
Stop Payment Renewal$25.00
Telephone Banking (Dial-A-Bank)Free

Extraordinary Charges (include, but are not limited to)

Effective Date: Tuesday, May 21, 2024

Table - Extraordinary Charges (include, but are not limited to) (Rate Table)
ServiceFee
Called Bond$20.00
Cashier's Check$5.00
Copy of an Item$3.00
Domestic Wire Transfer (outgoing)$20.00
Foreign Wire Transfer (outgoing)$40.00
Incoming Wire Transfer$10.00
Garnishment$100.00
Levy$100.00
Money Order$2.50