| Minimum
to Open |
$5,000
|
| Balance
to Avoid Maintenance Fee |
$500
daily or $1,500 average daily
balance during calendar quarter.
|
Monthly
Maintenance Fee
(if balance
is not maintained) |
$5
per calendar quarter
|
|
Interest
Rate / Interest Payment
|
Variable,
set at bank's discretion at 55%
of Wall Street Journal's (WSJ)
Prime Rate. Interest compounds
daily using daily balance method,
credited quarterly. Account does
not earn interest on days the
balance falls below $5,000.
|
| In-Touch
24 Customer Service |
Per
Inquiry:
$1 automated (3 free)
$2 operator assisted
|
| Excessive
Regulatory Transactions and Transaction
Fees |
Up
to 6 transfers per statement
cycle permitted to another account
of depositor at the same bank
or to a third party if by preauthorized,
automatic or telephone agreement
(3 of the 6 may be by draft or
debit card). $2 for each transaction
over 6 per statement cycle.
|
Early
Account Closing Fee
(if closed
within 6 months) |
$30
|
| Account
Features & Benefits |
|
| Other
Information |
First
National Bank of Central Florida
is a Member of the Federal Deposit
Insurance Corporation ("FDIC").
All deposit accounts are FDIC
insured up to $100,000. 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. This method applies
a daily periodic rate to the
principal in the account each
day. Except for CD's and IRA's,
interest begins to accrue no
later than the business day we
receive credit for the deposit
of non-cash items (for example,
checks). Contact the customer
service representative at the
office nearest you or call In-Touch
24 (1-800-869-9456 or 407-869-9456)
for the current annual percentage
yields, fees, and other information
concerning our accounts. Wall
Street Savings - Bank can cancel
this account with 30 days written
notice. 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.
Balance to Avoid Maintenance
Fee section: the average daily
balance is calculated by adding
the principal in the combined
accounts for each day of the
period and dividing that figure
by the number of days in the
period.
|
