Mount Vernon Bank

Statement period is monthly
Balance required to avoid service charge is one thousand dollars ($1,000.00)
Minimum opening deposit - $1,000.00
Monthly service charge - $ 5.00
Annual Percentage Yield (APY)
Interest rate

Transaction limitations: transfer from money market account to another acount or to third parties by preauthorized, automatic, telephone or computer transfers are limited to six (6) per monthly statement with no more than three (3) by check, debit card or similar order to third parties.
Withdrawal fee of $0.50 will be charged for each debit transaction in excess of the above limitations.
Balance required to obtain apy as listed is one thousand dollars ($1,000.00)
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 thousand dollars ($1,000.00).
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.
this is a tiered rate account
$0.00 - $999 - see rate sheet
$1000. - $25,000 - see rate sheet
$25,001 or more - see rate sheet
Cost for check printing varies depending on style ordered.

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	IMMA Business Account

	Statement period is monthly Balance required to avoid service charge is one thousand dollars ($1,000.00) Minimum opening deposit - $1,000.00 Monthly service charge - $ 5.00 Annual Percentage Yield (APY) Interest rate Transaction limitations: transfer from money market account to another acount or to third parties by preauthorized, automatic, telephone or computer transfers are limited to six (6) per monthly statement with no more than three (3) by check, debit card or similar order to third parties. Withdrawal fee of $0.50 will be charged for each debit transaction in excess of the above limitations. Balance required to obtain apy as listed is one thousand dollars ($1,000.00) 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 thousand dollars ($1,000.00). 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. this is a tiered rate account $0.00 - $999 - see rate sheet $1000. - $25,000 - see rate sheet $25,001 or more - see rate sheet Cost for check printing varies depending on style ordered. <<return to top>>