| Minimum
to Open |
|
| Balance
to Avoid Maintenance Fee |
Penalty
for early withdrawal of principal balance. |
Monthly
Maintenance Fee
(if balance is not
maintained) |
N/A |
|
Interest
Rate / Interest Payment |
Fixed,
set at bank's discretion. Interest compounds
monthly using the daily balance, credited
monthly. On IRAs, interest compounds
quarterly using the daily balance, credited
quarterly.
|
| In-Touch
24 Customer Service |
No
charge for operator assisted |
| Excessive
Regulatory Transactions and Transaction
Fees |
The
interest rate on your account will be paid
until maturity of your certificate. The
annual percentage yield assumes that interest
remains on deposit until maturity. A withdrawal
of interest will reduce earnings. Interest
credited during a term can be withdrawn
at any time. This account can be renewed. |
Early
Account Closing Fee
(if closed within
6 months) |
One
year term or less = 3 months interest penalty
Over one year term = 6 months interest penalty |
| Account
Features & Benefits |
-
Conservative
investment with fixed return
-
Avoids
market fluctuations
-
If
your account is of a single maturity,
the account will not automatically
renew; Interest will not accrue after
maturity
-
If
your account is an automatically renewable
account, this account will automatically
renew on the maturity date
-
You
have a ten-day grace period after the
maturity date to withdraw the funds
without being charged a penalty
-
Interest
will not accrue after maturity
|
| Other
Information |
First
National Bank of Central Florida is a
member of the Federal Deposit Insurance
Corporation ("FDIC"). All deposit accounts
are FDIC insured for your protection.
Your deposits are insured up to $100,000
by the FDIC. Customers choose their bank
statements to be sent by email, paper
copy or CD Rom. Accounts closed before
interest is credited will not receive
the accrued interest. We use the daily
balance method to calculate the interest
on your account. Accrual of interest
on noncash deposits: Interest accrues
on the collected balance. This method
applies a daily periodic rate to the
principal in the account each day. Contact
the customer service representative at
the office nearest you or call In-Touch
24 (1-800-869-9456) for
the current annual percentage yields,
fees, and other information concerning
our accounts. On all Certificates of
Deposit, penalty for early withdrawal
applies. You cannot make additional deposits
to this account during a term (other
than credited interest). You cannot withdraw
principal from this account without our
consent except on or after maturity.
On all variable interest bearing accounts:
the interest rate and annual percentage
yield may change; at our discretion,
we may change the interest rate on your
account at any time.
For
a complete account disclosure, please
visit one of our branch
office locations or contact customer
service.
|
Personal
Savings Accounts Menu | CDs
and IRAs
|
