| |
|
Savings Accounts
|
 We
want to make sure your money is always working FOR YOU! And, you
want to be certain that you're making the right decisions and earning as
much as possible.
First National Bank in Mahnomen savers can
choose from a variety of savings accounts designed to meet every savings
goal. From general savings and U.S. Savings Bonds, to IRAs,
Certificates of Deposit and more...we feature a wide range of savings and
investment choices. And, we'll help you select the best alternatives to
meet your current and future needs. |
| Account |
Rate
Information |
Balance
Information |
Limitations |
| Savings
Even the smallest saver can earn a
competitive interest rate. You may deposit or withdraw at any time.
Minimum deposit will be reduced
to $1.00 for minors.
|
This Account is an
interest bearing account. The interest rate and annual percentage
yield are included in the Rate Chart. The Interest rate and annual
percentage yield may change. At our discretion, we may change the
interest rate on the account at any time. Interest begins to accrue on the
business day you deposit non-cash items (for example, checks).
Interest will be compounded quarterly and will be credited to the
account quarterly. If the account is closed before interest is
credited you will not receive the accrued interest. |
We use the daily balance
method to calculate the interest on the account. This method applies
a daily periodic rate to the principal in the account each day.
You must maintain a minimum balance of $1.00 in the account each day
to obtain the disclosed annual percentage yield. |
You must deposit $50.00
to open this account. You may make six (6) transfers from your
account each four (4) weeks or similar period, if by preauthorized
or automatic transfer, or telephone (including data transmission)
agreement, order or instruction. Three (3) of these transfers
may be made by check, draft, debit card or similar order (including
POS transactions), made by the depositor and payable to third
parties. Transfers and withdrawals made in person, by messenger, by
mail or at an ATM are unlimited. |
| Money
Market Savings Account
This account offers you the
opportunity to earn a market rate of interest. Higher balances
earn higher rates with the added convenience of a maximum of three
checks per month
|
This
Account is an interest bearing account. The interest rate and
annual percentage yield will depend on the daily balance in the
account as shown on the Rate Chart. The Interest rate and
annual percentage yield may change. At our discretion, we may change
the interest rate on the account at any time. Interest begins to accrue on
the business day you deposit non-cash items (for example, checks).
Interest will be compounded monthly and will be credited to the
account monthly. If the account is closed before interest is
credited you will not receive the accrued interest. |
We use
the daily balance method to calculate the interest on the account.
This method applies a daily periodic rate to the principal in the
account each day. You must maintain a minimum balance of $2,500.00
in the account each day to obtain the disclosed annual percentage
yield. |
You must deposit $2,500.00
to open this account. You may make six (6) transfers from your
account each four (4) weeks or similar period, if by preauthorized
or automatic transfer, or telephone (including data transmission)
agreement, order or instruction. Three (3) of these transfers
may be made by check, draft, debit card or similar order (including
POS transactions), made by the depositor and payable to third
parties. Transfers and withdrawals made in person, by messenger, by
mail or at an ATM are unlimited. |
|
Other
Account Fees
The following fees apply to all of your accounts with us
except Certificates of Deposit and Time Deposit Account: |
| Stop Payment |
$20.00 per item, Elite Checking:
Free |
| Account Reconciliation |
$25.00 per hour - $10.00 minimum |
| Account Research |
$25.00 per hour - $10.00 minimum |
| Instant Statements |
$1.00 per item |
| Return Deposit Item |
$5.00 per item |
| Account Closure |
$10.00 within six (6) months |
| Undeliverable Mail Fee |
$5.00 |
| Collection Item |
$15.00 |
| Dormant Account Fee |
$5.00 Monthly with two (2) years of
inactivity |
|
Checking
Account Fees |
| Overdraft Charge: |
$20.00 per item
$5.00 per day after the account is overdrawn for five (5)
consecutive days |
| Overdraft Maximum |
$100 per day |
| Check printing: |
Prices vary with your style
selection |
Statements
- Returned Checks
- On Disk (per disk) |
$10.00 Monthly
$10.00 One(1) month of data
$40.00 Up to twelve (12) months of data |
ATM Cards
- Monthly Charge
- Replacement Fee
- Reset PIN
- Reactivate Card |
$1.00
$10.00
$5.00
$5.00 |
|
Clerical
Services |
| Photocopies: |
$.25 per copy
Five (5) complimentary copies FREE with Elite Checking |
| Fax |
$1.00 per page - local
$2.00 per page - long-distance |
| Notary Fee |
$2.00 Non-customer per instrument
Complimentary service for customers |
|
Other
Account Services |
Checks
- Certified
- Counter
- Foreign Draft
- Money Orders
- Travelers Checks
- Travelers Express
Money Order:
- Wire Transfers
Customer
- Incoming
- Outgoing
Non-Customer
- Incoming
- Outgoing |
$15.00 per item
$1.00 per item
$40.00 per item
$2.00 per item; FREE with Elite Checking
$1.00 per $100 increments; FREE with Elite Checking
$.01-50.00 = $.50 charge,
$50.01-$150.00 = $1.00 charge
Over $150.00 = $2.00 charge
FREE with Elite Checking
FREE
$15.00 per item
$10.00 per item
$20.00 per item
|
| Non-Customer Check
Cashing |
$5.00 up to $100.00 and
$2.00 per hundred over $100.01 |
| Non-Customer Coin Sort: |
1% $5.00 minimum |
|
Rates Current as of: |
|
|
| Account
Name |
Interest
Rate |
APY* |
|
Savings |
| All Balances |
.50% |
.50% |
|
Money Market Savings
Daily Balances of: |
| up to $2,499.99 |
.50% |
.50%
|
| $2,500.00 -
$9,999.99 |
1.00% |
1.00% |
| $10,000.00 -
$24,999.99 |
1.75% |
1.76% |
| $25,000.00 -
$99,999.99 |
1.85% |
1.87% |
| $100,000.00 and
up |
2.00% |
2.02% |
*Annual Percentage Yield
|
|
