Savings
Just tell us how much you want to save and each month, we will transfer that amount out of your Free Checking account into the savings account. A receipt will be furnished for each of your savings transactions. You will receive a complete printed record of your savings transactions, including interest earned, every three months. You may make deposits and withdrawals at any time with the option to mail deposits or transfer money into other FNB accounts.
Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield will depend upon the daily balance in the account. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account. We may change the interest rate on the account weekly. Interest begins to accrue on the business day you deposit noncash items (for example, checks) if received by 3:00 p.m. Interest will be compounded quarterly and will be credited to the account quarterly.
Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Limitations: You may make six (6) transfers from your account each four (4) week or similar period.
Account Fees: You may make up to ten (10) withdrawals per quarter without charge. You will be charged $.50 for each withdrawal during the quarter exceeding 10. After two years inactivity, this account will be assessed a service charge of $.75 per month.
