Prime Time Checking

Now is the time. Bay Bank is the place.

For the best time in your life, there’s nothing like Prime Time Checking. A special reward for those 50 and over. You deserve it. You’ve worked hard. Now’s your time to playhard, too.

This NOW Account is designed to serve our customers looking to have the time of their life now that the kids are grown. This is an interest bearing account especially designed for persons age 50 and older. You may write as many checks as you wish and images of your cancelled checks are returned with your monthly statement.

	Minimum Balance to Open Account - $100.00
	Minimum Age to Open Account - 50
	Maintenance Fee per Statement Cycle - Free
	Deposit Rate Information (based upon account balance)
	Daily Balance $500 - $9,999 – PTC Rate Daily Balance $10,000 or greater – Bonus PTC Rate This account uses a tiered interest rate structure for determining which of the two 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.
	Compounding and Crediting Frequency: Interest will be compounded and credited monthly.
	Effect of Closing an Account: If you close your account before interest is paid, you will not receive the accrued interest
	Minimum Balance to Obtain the disclosed Annual Percentage Yield – You must maintain a minimum daily balance of $500.00 in your account each day to obtain the disclosed Annual Percentage Yield.
	Continuous Overdraft Fee $7 per day after 3 consecutive days with your account being overdrawn.

Other Benefits

	Interest incentive: Eligible for .10% above quoted rates on all Certificates of Deposit at the time of issue
	Free Select Checks or 20% Discount off the Price of Checks of your Choice
	ATM Card will be issued automatically, Debit Card is available upon qualification
	3 x 5 Safe Deposit Box Free the 1st year. (Subject to availability, or, 20% discount on the Safe Deposit Box of Your Choice.)
	Travelers check fee waived.
	Two (2) free cashiers check per statement cycle.

Other Fees May Apply
Please see our Common Fee Schedule for information regarding our standard fees.