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Smart Checking & Smart Savings

Personal Checking

Smart Checking and Smart Savings

Smart Checking

Our Smart Checking actually pays you!

Details

Benefits of Smart Checking:

To qualify do the following during the monthly statement cycle:

  • Have at least 20 debit card purchases post and clear each monthly statement cycle;
  • Have at least 1 automatic payment, bill pay or direct deposit post and clear each monthly statement cycle;
  • Access Online Banking or Mobile Banking once each monthly statement cycle;
  • Receive e-statements.

If qualifications are met during the monthly statement cycle you will receive the following:

  • 2.00% APY* on balances up to $10,000
  • 2.00% to 0.34% APY* on balances above $10,000 depending on balance in account

$50 minimum deposit to open

 

If the requirements are not met:

  • You will be charged a monthly service charge of $8.00 on your Smart Checking account
  • You will earn the base interest rate

 


 

Smart Savings

Smart Savings can be added to any owner of a Smart Checking account and  gives you the ability to earn additional interest. Open a  Smart Savings account and the interest earned in your Smart Checking will automatically transfer to your  Smart Savings account each monthly statement cycle! No Monthly Service Charge on your Smart Savings!

Details

Benefits of Smart Savings:

To qualify for Smart Savings account rates, your  Smart Checking account must meet all of the following account requirements each monthly statement cycle. The required monthly qualifications to receive the higher interest rate are:

  • Have at least 20 debit card purchases post and clear each monthly statement cycle;
  • Have at least 1 automatic payment, bill pay or direct deposit post and clear each monthly statement cycle;
  • Access Online Banking or Mobile Banking once each monthly statement cycle;
  • Receive e-statements.

If qualifications are met during the monthly statement cycle you will receive the following:

  • 2.00% APY* on balances up to $10,000
  • 2.00% to 0.34% APY* on balances above $10,000 depending on balance in account

$100 minimum deposit to open

 

If the requirements are not met:

  • You will be charged a monthly service charge of $8.00 on your Smart Checking account
  • You will earn the base interest rate

 

 You may also be interested in:

  • Visa® Debit Card
  • Digital Banking & Bill Pay
  • Mobile Banking and Alerts
  • Telephone Banking
  • Card Management

 

*Smart Checking: For balances up to $10,000.00 the interest rate is 1.98% and the Annual Percentage Yield (APY) is 2.00%.  For balances over $10,000.00 the current rate is 1.98% with a 2.00% APY on the first $10,000.00 in deposits and an interest rate of 0.15% and a 0.15% APY on the portion of the balance above $10,000.00 for an APY of 2.00% to 0.34% APY.  If you do not meet the above qualifications, you will still earn the base interest rate of 0.03% with a 0.03% APY and you will be charged a monthly service charge of $8.00 on your Smart Checking account.  APY = Annual Percentage Yield.  APYs are accurate as of 11-22-19.  Rate and rate tiers may change at any time and without prior notice after the account is opened. Qualifying transactions must post to and clear the Smart Checking account during the monthly statement cycle.  Transactions may take one or more banking days from the date the transaction was made to post to and clear the account.  ATM processed transactions do not count towards the qualifying debit card transactions.  Transfers between your accounts with us do not count as qualifying transactions.  Available to personal accounts only. Minimum deposit to open the Smart Checking account is $50.00.  Interest begins to accrue on the business day you deposit noncash items (for example, checks). The advertised Smart Checking APY is based on compounding interest.  Interest will be compounded daily and will be credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest.  Actual interest amount paid may be less than the advertised Smart Checking APY.  Fees may reduce earnings.  Nonsufficient funds fees and miscellaneous fees apply to the Smart Checking. No minimum balance required to maintain the account.  See the Schedule of Fees for additional fees related to the account.  Limit one Smart Checking account per social security number.  E-statements are required. Account openings are subject to Bank approval.  Nonsufficient fund fees per debit item may apply if you withdraw more funds than are available in your account.  If the account is closed within the first six months an early close fee will be assessed. Third party message and data rates may apply. Non-Sufficient Funds (NSF) for Smart Checking:  The categories for which a non-sufficient funds fee may be imposed are those by any of the following means:  check, in-person withdrawal, ATM withdrawal, or other electronic means.  Daily NSF limits will apply to your account.  You may be charged a non-sufficient funds (NSF) fee for each check, ACH, ATM, or Debit Card transaction that causes your account balance to go into the negative up to five (5) per day at $37.00 each for a total daily maximum of $185.00.  The NSF fee will be charged whether the item is paid or returned.  If you have a non-sufficient funds item or transaction in an amount of $5.00 or less you will not be charged a non-sufficient (NSF) fee, whether the item is paid or returned.

*Smart Savings:  If qualifications are met in the Smart Checking, 1) balances up to $10,000.00 in Smart Savings receive an interest rate of 1.98% with an APY of 2.00%; and 2) balances over $10,000.00 in Smart Savings earn an interest rate of 0.15% with a 0.15% APY on the portion of the balance above $10,000.00, resulting in 2.00% APY – 0.34% APY depending on the balance.  If qualifications are not met in Smart Checking, all balances in Smart Savings earn 0.03% APY.  APY = Annual Percentage Yield.  APYs are accurate as of 11-22-19.  Rate and rate tiers may change at any time and without prior notice after the account is opened. Minimum deposit to open the Smart Savings account is $100.00.  Interest begins to accrue on the business day you deposit noncash items (for example, checks. If the Smart Savings account is closed before interest is credited, you will not receive the accrued interest.  Actual interest amount paid may be less than the advertised Smart Savings APY.   Fees may reduce earnings.   Nonsufficient funds fees and miscellaneous fees apply to the Smart Savings account.  No minimum balance required to maintain the account.  See the Schedule of Fees for additional fees related to the account. Limit one Smart Savings account per social security number.  E-statements are required. Account openings are subject to Bank approval.  Nonsufficient fund fees per debit item may apply if you withdraw more funds than are available in your account.  If the account is closed within the first six months an early close fee will be assessed. Third party message and data rates may apply. Non-Sufficient Funds (NSF) for Smart Savings:  The categories for which a non-sufficient funds fee may be imposed are those by any of the following means:  check, in-person withdrawal, ATM withdrawal, or other electronic means.  Daily NSF limits will apply to your account.  You may be charged a non-sufficient funds (NSF) fee for each check, ACH, ATM, or Debit Card transaction that causes your account balance to go into the negative up to five (5) per day at $37.00 each for a total daily maximum of $185.00.  The NSF fee will be charged whether the item is paid or returned.  If you have a non-sufficient funds item or transaction in an amount of $5.00 or less you will not be charged a non-sufficient (NSF) fee, whether the item is paid or returned.  Transaction Limitations on the Smart Savings account:  A per debit fee of $4.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment from this account) in excess of two (2) during a monthly statement cycle.

Smart Checking and Smart Savings: When your Smart Checking account qualifications are met your interest earned from your Smart Checking will be transferred to your Smart Savings account at the end of each monthly statement cycle.  If you close your Smart Checking account and do not close your Smart Savings account, then the Smart Savings will revert to the Bank’s Regular Savings account.