REGULAR SAVINGS
The interest rate and annual percentage yield stated below are accurate as of the last business date. If you would like more current rate and yield information please call us at (317)-398-9721. We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal from an interest bearing account.
FEE SCHEDULE
- There is a $3.00 monthly service fee when the balance falls below $200.00 any day of the month.
- There is an excess withdrawal fee of $1.00 for each withdrawal in excess of five during the month.
- No monthly service fee or withdrawal fee, regardless of minimum balance during the statement period for customers who have notified us that they are over 50 years of age.
- No monthly service fee for children under the age of 16.
- Fee's may reduce earnings.
MINIMUM BALANCE REQUIREMENT
- To open this account you must deposit $5.00.
- To obtain the annual percentage yield disclosed for savings and Senior savings, you must maintain a minimum balance of $25.00.
- To obtain the annual percentage yield disclosed for child savings, you must maintain a minimum balance of $5.00.
- If on any day of the month the balance falls below $25.00, for savings and Senior savings, interest will be forfeited for that day.
- If on any day of the month the balance falls below $5.00, for child savings, interest will be forfeited for that day.
VARIABLE RATE
- The interest rate for your account is .245% with an annual percentage yield of .25%. The interest rate and annual percentage yield for this account may change at our discretion. We may change the interest rate on this account daily.
COMPOUNDING AND CREDITING
- Interest will be compounded monthly and will be credited to this account monthly.
- If the account is closed before interest is credited, you will not receive the accrued interest.
BALANCE COMPUTATION METHOD
- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
ACCRUAL OF INTEREST ON NONCASH DEPOSITS
- Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
TRANSACTION LIMITATIONS
- During any statement period you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party.
SHELBY COUNTY BANK ATM Shelby County Bank ATM & Debit Cards
- No charge for debit purchases.
- ATM use at any Shelby County Bank Machine, no charge.
- If you use an ATM that is not operated by Shelby County Bank, you may be charged a transaction fee of $2.00 by Shelby County Bank. The first 5 transactions per month will be waived. The operator of the machine and / or an automated transfer network may charge an additional fee.
- Fees may be charged on rejected transactions at a non-proprietary machine.
- ATM Card Users: If funds are available, you may access $200.00 per card per day at an ATM.Visa
- Debit Card Users: If funds are available, you may access $1,000.00 per card per day at an ATM. You may also make purchases of up to $300.00 per card per day.
CHRISTMAS SAVINGS
The interest rate and annual percentage yield stated below are accurate as of the last business date. If you would like more current rate and yield information please call us at (317)-398-9721. We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal from an interest bearing account.
FEE SCHEDULE
MINIMUM BALANCE REQUIREMENT
- To open this account you must deposit $5.00.
VARIABLE RATE
- The interest rate for your account is .499% with an annual percentage yield of .50%. The interest rate and annual percentage yield for this account may change at our discretion. We may change the interest rate on this account daily.
COMPOUNDING AND CREDITING
- Interest will not be compounded. Interest will be credited to your account on October 31.
- If the account is closed before interest is credited, you will not receive the accrued interest.
BALANCE COMPUTATION METHOD
- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
ACCRUAL OF INTEREST ON NONCASH DEPOSITS
- Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
TRANSACTION LIMITATIONS
- You are permitted to withdraw funds from this account between November 1st and December 31st of each year without forfeiture of interest. Partial withdrawals are not permitted except as outlined above in the withdrawal period.