Holiday Club w/Interest
Rate Information - Your interest rate and annual percentage yield may change. Click for Rates
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded at the end of Club year. Interest will be credited to your account at the end of Club year.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account - You must deposit $10.00 to open this account.
Minimum balance to obtain annual percentage yield disclosed - You must maintain a minimum balance of $10.00 in the account at the close of business day to obtain the disclosed annual percentage yield.
Daily 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 no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Transaction limitations:
• Miscellaneous Information:
• Accounts may only be opened in November, December and January.
• Withdrawals are not permitted.
• No limitations on the frequency or amount of deposits to the account.
• A check will be issued for the account balance on or about November 1st and mailed by November 10th every year.
• If a deposit is not made into the account by January 31st, the account will be closed.
