Christmas Club Account

• Rate Information: Check the Rates page of the Website for information concerning rates.
• Frequency and Determination of rates: We may change the interest rate on your account at any time.
• Compounding Frequency: Interest will be compounded every day. Interest will be credited to your account every statement cycle.
• Effect of Closing an Account: If you close your account before interest is credited, you will not receive the accrued interest.
• Daily Balance Computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
• Accrual of interest on noncash deposits: Interest begins to accrue on the first business day after the banking day you deposit noncash items. (example, checks)
• Transaction limitations: If any withdrawal is made from this account before maturity, then this account may be closed.