Personal Checking

Our bank now offers Personal Checking Accounts. A NOW Checking Account offers a competitive interest rate, the first order of checks free, descriptive monthly statements, no monthly fee as long as $100 is kept in the account (should the balance fall below $100 there will be a $4 service charge), direct deposit availability and a free ATM Card. A Senior Checking Account (50 years of age or older) offers interest, free checks, descriptive monthly statements, no monthly fee, direct deposit availability and a free ATM Card. Community Checking Accounts offer 8 free checks per month (there will be a fee of $.50 per check when you exceed the minimum) and descriptive monthly statements.

CHECKING TYPE COMPOUNDING METHOD INTEREST RATE APY* INTEREST POSTED ADDITIONAL INFORMATION BALANCE FOR NO FEE
NOW Simple Interest 0.75% 0.75% Monthly Initial deposit of $100 required $100 balance required for no monthly fee
Senior Simple Interest 0.75% 0.75% Monthly Initial deposit of $1 required No minimum required
Community N/A N/A N/A N/A Initial deposit of $50 required. There is a service charge of $3 per month ...

*Annual Percentage Yield
The Bank will pay interest on NOW Checking, Senior Checking Accounts at a variable rate established by the Bank from time to time and at its option. Schuyler reserves the right to change the interest rates and the annual percentage yields paid at any time without prior notice. You must maintain a minimum balance of $100.00 to obtain the APY. No balance required to obtain the APY on the Senior Checking. APY's are effective as of July 25th, 2008. Fees may reduce earnings.

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