Truth in Savings – Reg DD Disclosure
Last modified: April 2024
Current Rate Information:
The account is not an interest-bearing account. No interest will be paid
Determination Of Rate:
At our discretion, we may change the interest rate on your account.
Frequency Of Rate Changes:
We may change the interest rate on your account at any time.
Limitations On Rate Changes:
There are no maximum or minimum interest rate limits for this account.
Minimum Balance Requirements:
No minimum balance is required to open or to obtain the account’s annual percentage yield. Your account statement cycle is monthly.
Transaction Limitations:
Currently, there is no withdrawal limitation on your account due to the Covid-related policy implemented by the Federal Reserve. You may make more than 6 withdrawal(s) from your account every quarter. However, should the withdrawal limitations be re-established, you will only be allowed 6 withdrawal(s) from your account every quarter.