Checking

Regular Checking:

• This account will not earn or be paid interest
• A monthly service charge of $1.50 will be charged each statement cycle
• A service charge of $0.12 will be applied to each debit transaction (withdrawal, check paid, auto transfer or payment out of this account)
• There is a $0.20 credit back for each $100.00 of minimum daily balance per statement cycle to offset the statement cycle fee and debit transaction fee to your account.

NOW Account Checking:

 Checking Rate Information: 

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).

Please contact an associate at the Swedish-American State Bank for the most current rate information.