- Statement period is monthly - includes MVB Club services
- No minimum balance required
- Minimum opening deposit - $100.00
- Monthly service charge - $ 5.00
- Service charge applies regardless of balance
- Annual Percentage Yield (APY)
- Interest rate
- Balance required to obtain apy as listed is one hundred dollars ($100.00)
- 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 your balance falls below one hundred dollars ($100.00).
Accrual of interest on noncash deposits: interest begins to accrue no later than the business day we receive credit for the deposit of noncash items(for example, checks).
If you close your account before interest is credited, you will not receive the accrued interest.
Your interest rate and annual percentage yield may change, at our discretion, at anytime.
Club wallet checks are free for Club Gold Members
Club account services - one free issue of travelers checks per year, two cashiers checks or money orders free per month, two free insufficient funds or stop payment per quarter upon request, fifty percent (50%) off first year of safety deposit box rental, notary and fax services free, free coin rolling.
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