MONEY MARKET SAVINGS ACCOUNT
PREMIUM EXCEL MONEY MARKET SAVINGS ACCOUNT
EXCEL MONEY MARKET SAVINGS ACCOUNT

A minimum deposit of $200 is required to open this account. There are no limitations on the number of deposits that may be made in connection with this account. There is however a limit of six preauthorized  or telephone transfers and withdrawals to another account of yours at Kirkpatrick Bank or to a third-party per month. No more than three may be made by check, draft, check card or similar order that is paid to a third party.  In that the Money Market Savings account is an interest bearing account, the following applies: The balance on which interest is calculated is determined by the average daily balance method. For earning and paying interest, the time period we use to determine the average is the current statement cycle.

Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (e.g., checks).

Interest will be compounded monthly and credited monthly. The interest rate paid on this account is established by Kirkpatrick Bank and may change daily. Any change to the interest rate is at our discretion. If the account is closed before interest is credited, accrued interest will not be paid. In assessing periodic fees, the account balance is determined using both the daily balance method and the average daily balance method. To avoid periodic fees, a minimum daily balance of at least $2,200 or an average daily balance of at least $2,500 must be maintained during the statement period. If the account balance does not meet one of the balance requirements, then there is a $7.50 monthly maintenance fee. An excessive withdrawal fee of $5.00 per withdrawal will also be assessed for accounts exceeding the six third-party withdrawals per month.

Complete account disclosures, with current annual percentage yield information, are available upon request.