CHECKING ACCOUNT DISCLOSURES
FOWLER STATE BANK
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Fowler Box 50 - 401 Main Street Fowler, KS 67844-0050 Tele: 620-646-5253 Fax: 620-646-5335 |
Meade Box 130 - 115 E. West Plains Meade, KS 67864-0130 Tele: 620-873-2138 Fax: 620-873-2173 |
Cimarron State Bank Box 228 - 906 E Avenue A Cimarron, Ks 67835-0228 Tele: 620-855-2874 Fax: 620-855-2878 |
This disclosure contains information about terms, fees, and interest rates for some of the accounts we offer.
REGULAR CHECKING
Limitations: You must deposit $100.00 to open this account.
Account Fees: $7.00 Monthly Maintenance Fee. No Fee if Minimum Daily Balance of $500 or Minimum Average Daily Balance of $1,000. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
COMMERCIAL CHECKING
Limitations: You must deposit $100.00 to open this account.
Account Fees: Monthly Maintenance Fee of $5.00 plus $.15 per check, transfer or ATM debit transaction. Credit per $100 Minimum Daily Collected Balance $.30 per Month.
RETIREMENT CHECKING
Account for Senior Citizens receiving Social Security.
Limitations: You must deposit $100.00 to open this account.
Account Fees: No Monthly Maintenance Fees.
STUDENT CHECKING
Account for Students prior to College graduation.
Limitations: You must deposit $50.00 to open this account.
Account Fees: No Monthly Maintenance Fees.
SUPER NOW
Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account weekly. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.
Balance Information: We use the daily balance to calculate interest on your account. Interest is paid for the days in which your account maintains a minimum balance of $1,000, and no interest is paid on those days in which your account falls below $1,000. If the account is closed before the accrued interest is credited to the account, the accrued interest will not be paid.
Limitations: You must deposit $1,000.00 to open this account.
Account Fees: $8.00 Monthly Maintenance Fee if Average Daily Balance is less than $1,000. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
MONEY MARKET CHECKING
Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account weekly. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.
Balance Information: We use the daily balance to calculate interest on your account. Interest is paid for the days in which your account maintains a minimum balance of $1,000, and no interest is paid on those days in which your account falls below $1,000. If the account is closed before the accrued interest is credited to the account, the accrued interest will not be paid.
Limitations: You must deposit $1,000.00 to open this account. You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including date transmission) agreement, order or instruction. Three (3) of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.
Account Fees: $8.00 Monthly Maintenance Fee if Average Daily Balance is less than $1,000. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
