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Truth-in-Savings Personal Savings |
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TRUTH-IN-SAVINGS DISCLOSURE
Personal Savings Account
Interest Rate
Rate: 0.50%
APY: 0.50%
The Interest Rate and the Annual Percentage Yield for your account are shown hereon. This rate and corresponding APY are subject to change at any time and at the bank's discretion.
The balance on which interest is computed for your account is determined by the daily balance method.
Interest will be compounded monthly.
Interest will be credited monthly.
If account is closed before interest is credited, accrued interest will not be paid.
Interest begins to accrue on the business day you deposit non-cash items (i.e. - checks).
Minimum Deposit, Time and Balance Requirements
To open this account, you must deposit $100.
To avoid periodic fees, you must maintain an account balance during the period of at least $100. If you fail to maintain this account balance you will be assessed a periodic fee (as indicated below).
There is no minimum balance required to earn interest on this account.
Transaction Limitations
Limitations per statement cycle
You may make no more than six pre-authorized or telephone transfers and withdrawals to another account of yours at DCB or to a third party. No more than three of these transfers may be made by your check, draft, debit card or similar order that is payable to a third party.
Additional Fees and Terms
Style and quantity will vary cost of checks, deposit slips and withdrawal forms.
To assess fees, account balance is determined using the daily balance method. Fees are based on the balance for the current statement cycle.
Minimum balance fee: $3
Per monthly withdrawals in excess of four: $1
Balance Computation Methods
The daily balance method applies a periodic rate to the full amount of principle in the account each day.
The average daily balance method applies a periodic rate to the average balance in the account for the period. The average daily balance is calculated by adding the full amount of principle in the account for each day of the period and dividing that figure by the number of days in the period.
Schedule of Fees and Charges
| ATM Star Withdrawal | $1 |
| ATM Cirrus Withdrawal | $1 |
| ATM Star/Cirrus Balance Inquiry | $1 |
| ATM Star/Cirrus Transfer | $1 |
| ATM & Visa Check Card PIN Reorder | $3 |
| ATM & Visa Check Card Replacement | $5 |
| Automatic Funds Transfer | $2 |
| Bill Payment (Each) | $5 |
| Closing an Account (0-90 days) | $10 |
| Copies of Safekeeping Items | $2 |
| Overdrafts (Per Item) | $30 |
| Insufficient Funds (Per Item) | $30 |
| Returned Deposited Item | $3 |
| Annual Debit Card Fee | FREE |
| Stop Payment (Per Item) | $30 |
| Statement of Account — Instant | $1 |
| Statement of Account — Duplicate | $3 |
| Statement of Account — Special | $5 |
MICR encoded checks and deposits not purchased through the bank must be properly encoded. If the document does not meet the required standards, a handling charge of $1 per item may be assessed to re-encode the documents.
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. Equal Housing Lender. 