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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 |
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*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.
Click here to learn about the FDIC's amount of insurance on your account.
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