Checking Accounts: Maximizing Finances with 4 Options
Regular Checking:
This account will not earn or be paid interest
A monthly service charge of $3.00 will be charged each statement cycle for those receiving paper statements. The monthly fee will be waived for those receiving electronic statements.
NOW Account Checking:
This account must have $1,000.00 minimum balance to open account
A NOW low balance fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle
Checking Rate Information:
The interest rate and annual percentage yield may change at any time
Interest will be compounded and credited to the account each statement cycle.
A minimum balance of $1,000.00 must be maintained in the account each day to obtain the disclosed annual percentage yield
The daily balance method is used to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue on the business day noncash items are deposited (for example, checks).
SUPER NOW Checking Account:
This account must have $2,500.00 minimum balance to open account
A SUPER NOW low balance fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle
Checking Rate Information:
The interest rate and annual percentage yield may change at any time
Interest will be compounded and credited to the account each statement cycle.
A minimum balance of $2,500.00 must be maintained in the account each day to obtain the disclosed annual percentage yield
The daily balance method is used to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue on the business day noncash items are deposited (for example, checks).
Money Market Checking Account:
This account must have $2,500.00 minimum balance to open account
A MONEY MARKET low balance fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle
TRANSACTION LIMITATION - Transfers from a Money Market account to another account or to third parties by preauthorized, automatic or telephone transfers are limited to six per statement cycle.
Checking Rate Information:
The interest rate and annual percentage yield may change at any time
Interest will be compounded and credited to the account each statement cycle.
A minimum balance of $2,500.00 must be maintained in the account each day to obtain the disclosed annual percentage yield
The daily balance method is used to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue on the business day noncash items are deposited (for example, checks).
By accessing the noted link you will be leaving the Swedish-American State Bank’s website and entering a website hosted by another party. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of the Swedish-American State Bank’s website. We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of Swedish-American State Bank.
By accessing the noted link you will be leaving the Swedish-American State Bank's website and entering a website hosted by another party. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of the Swedish-American State Bank's website. We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of Swedish-American State Bank.