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Interest CheckingHere's the payoff...
Earnings on your hard-earned cash—at some of the best rates around. That’s hard to top.That’s Bay Bank. |
This account is designed for individuals who desire a quality checking account while earning a competitive yield on their interest bearing balances. You may write as many checks as you wish and images of your cancelled checks will be retuned with your monthly statement.
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Minimum Balance to Open Account - $100.00 Debit Card - free On-Line Banking and On-Line Bill Pay - Free |
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Deposit Rate Information (based upon account balance) |
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Daily Balance less than $1000 - None Daily Balance $1000 up to $9,999 –PTC Rate Daily Balance $10,000 or Greater – Bonus NOW Rate This account uses a tiered interest rate structure for determining which of the three possible interest rates apply to the account on any specific day. Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. At our discretion, the interest rate and annual percentage yield may change. Interest will begin to accrue no later than the business day we receive credit for the deposit of non-cash items (for example checks) into your account. |
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Minimum Balance to Avoid Imposition of Maintenance Fees – If your balance falls below $700.00 and the average daily balance falls below $1500.00 on any day in the statement cycle, your account will be subject to a $12.00 Maintenance fee for that statement cycle. |
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Compounding and Crediting Frequency - Interest will be compounded and credited monthly. Discount of 25% on 1st order of checks of customers choice. |
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Effect of Closing an Account: If you close your account before interest is paid, you will not receive the accrued interest |
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Minimum Balance to Obtain the disclosed Annual Percentage Yield – You must maintain a minimum daily balance of $1000.00 or greater in your account each day to obtain the disclosed Annual Percentage Yield |
Other Fees May Apply - Please see our Common Fee Schedule for information regarding our standard fees.
