Mount Vernon Bank

MINIMUM BALANCE TO OPEN ACCOUNT IS $500.00
STATEMENT PERIOD IS MONTHLY
TO QUALIFY FOR REWARD RATE YOU MUST DO THE FOLLOWING
- MAKE 12 DEBIT CARD TRANSACTIONS
- ENROLL AND RECEIVE ELECTRONIC STATEMENTS
- SET UP 1 DIRECT DEPOSIT OR 1 AUTOMATIC PAYMENT FROM YOUR ACCOUNT
- ATM FEE REFUNDS UP TO $25.00 PER STMT CYCLE
REWARD RATE IS PAID ON BALANCES OF $0.01 THRU $25,000.00
NO MONTHLY SERVICE FEES/NO MINIMUM BALANCE
FREE ONLINE BANKING (VALID E-MAIL ADDRESS REQUIRED)
FREE DEBIT CARD
EARN REWARD INTEREST RATE ON BALANCES UP TO $25,000.00
EARN STANDARD INTEREST RATE ON BALANCES OVER $25,000.00
EARN A LESSER INTEREST RATE EVEN IF YOU DO NOT MEET THE REQUIREMENTS

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

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.

<<return to top>>







	MVB REWARD CHECKING

	MINIMUM BALANCE TO OPEN ACCOUNT IS $500.00 STATEMENT PERIOD IS MONTHLY TO QUALIFY FOR REWARD RATE YOU MUST DO THE FOLLOWING MAKE 12 DEBIT CARD TRANSACTIONS ENROLL AND RECEIVE ELECTRONIC STATEMENTS SET UP 1 DIRECT DEPOSIT OR 1 AUTOMATIC PAYMENT FROM YOUR ACCOUNT ATM FEE REFUNDS UP TO $25.00 PER STMT CYCLE REWARD RATE IS PAID ON BALANCES OF $0.01 THRU $25,000.00 NO MONTHLY SERVICE FEES/NO MINIMUM BALANCE FREE ONLINE BANKING (VALID E-MAIL ADDRESS REQUIRED) FREE DEBIT CARD EARN REWARD INTEREST RATE ON BALANCES UP TO $25,000.00 EARN STANDARD INTEREST RATE ON BALANCES OVER $25,000.00 EARN A LESSER INTEREST RATE EVEN IF YOU DO NOT MEET THE REQUIREMENTS 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 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. <<return to top>>