Mount Vernon Bank

Statement period is monthly
Minimum opening deposit $200
Monthly Service Charge $7.00 (Service charge waived w/daily balance of $500)
Unlimited Check Writing
Two orders of Club checks per year or $6 discount on other selected check style

Economy Account Services:

1 free issue of Travelers Checks per year;
2 Cashiers Checks or Money Order free per month;
2 free insufficient funds or stop payments per quarter (upon request);
Bank pays 50% of first year’s safe deposit box rental;
Free notary and fax services; free coin rolling;
Annual Percentage Yield (APY)
Interest Rate
Balance Required to Earn APY as listed is $500 daily

Interest is computed on a collected daily balance. This method applies a periodic rate to the collected daily balance in the account for the period.
The collected daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
Interest will compound monthly. Interest will be credited monthly. Interest will not be paid if balance falls below $500 any day during the period.
Your interest rate and APY may change, at our discretion, at anytime.
Accrual of interest on non-cash deposits: Interest begins to accrue no later that the business day we receive credit for the deposit of non-cash items (ie checks)
If you close your account before interest is credited, you will not receive the accrued interest.

<<return to top>>







	MVB Economy Checking

	Statement period is monthly Minimum opening deposit $200 Monthly Service Charge $7.00 (Service charge waived w/daily balance of $500) Unlimited Check Writing Two orders of Club checks per year or $6 discount on other selected check style Economy Account Services: 1 free issue of Travelers Checks per year; 2 Cashiers Checks or Money Order free per month; 2 free insufficient funds or stop payments per quarter (upon request); Bank pays 50% of first year’s safe deposit box rental; Free notary and fax services; free coin rolling; Annual Percentage Yield (APY) Interest Rate Balance Required to Earn APY as listed is $500 daily Interest is computed on a collected daily balance. This method applies a periodic rate to the collected daily balance in the account for the period. The collected daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Interest will compound monthly. Interest will be credited monthly. Interest will not be paid if balance falls below $500 any day during the period. Your interest rate and APY may change, at our discretion, at anytime. Accrual of interest on non-cash deposits: Interest begins to accrue no later that the business day we receive credit for the deposit of non-cash items (ie checks) If you close your account before interest is credited, you will not receive the accrued interest. <<return to top>>