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.
Transaction Limitations: Transfers from a Statement Savings Account to another account or to third parties by pre-authorized, automatic, telephone or online banking transfers are limited to six per monthly cycle with no transfers by check, draft, debit card or similar order to third parties.
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 "Other Charges in Connection with an Account" for additional information regarding applicable fees and charges.
Other Charges in Connection with an Account
|Account Reconciliation Charge||$10.00/hour (no charge in case of bank error)|
|ATM/Check Card||Free at New Tripoli Bank owned ATM's (foreign surcharges reimbursed up to $7.00 per month)|
|Check Collection Charge||$ 5.00|
|Check Printing Charge||Free checks and deposit tickets (certain restrictions on style and quantity)|
|Coin Counting||Free (New Tripoli Bank Customers)|
|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, check 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 (New Tripoli Bank Customers)|
|Stop Payment Renewal||$25.00|
|Telephone Banking (Dial-A-Bank)||Free|
Extraordinary Charges (include, but are not limited to):
|Cashier's Check||$ 5.00|
|Copy of an Item||$ 3.00|
|Domestic Wire Transfer (outgoing)||$20.00|
|Foreign Wire Transfer (outgoing)||$40.00|
|Incoming Wire Transfer||$10.00|
|Money Order||$ 2.50|