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HiFi Checking

Interest bearing checking account with limited checking privileges.  Available to individuals, businesses, partnerships, and corporations operated for profit.  Imaged statements are provided month.

  • Interest is paid monthly
  • $2,500.00 minimum to open account
  • Deposit and Check Images with monthly statement
  • Paid NSF Fee $12.00 each
  • ATTENTION! NSF fee will be waived for overdrafts less than $20.00. The maximum daily NSF fee is $100.00 There will not be a fee charged for NSF Debit Card (POS) & ATM transactions
  • Return NSF fee $12.00 each
  • Stop payment fee of $5.00 per item
  • Free Internet and Telephone banking
  • ATM Card available

Rate Information:
Contact the bank for the current rate and annual percentage yield (APY) for the HiFi account.  Your interest rate and APY may change.  At our discretion, we may change the rate on or about the first Tuesday of each month.

Interest will be compounded every monthly statement cycle and be credited to your account every monthly statement cycle.  If you close your account before interest is credited, you will forfeit 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.  Interest begins to accrue on the same business day as the business day of deposit.

A service fee of $5.00 per monthly statement cycle will be assessed against your account if the average daily balance falls below $2,500.  The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Transfers from a HiFi account to another account or to third parties by pre-authorized, automatic, telephone, or computer transfer or by check, or similar order are limited to six per monthly statement cycle.  We reserve the right to at any time require no less than 7 days notice in writing before each withdrawal from this account.

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