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Products & Services Savings, Money Markets, Certificates of Deposit With many savings options, Bank of Evansville is sure to have the plan for you. Here you'll find traditional services with competitive rates. We have several different types of savings and money market accounts that are sure to fit your needs. Plus, we offer certificates of deposit with a wide variety of terms and features. At Bank of Evansville you will find traditional services with competitive rates. You'll also enjoy the special rate opportunities offered periodically. At Bank of Evansville, we pledge to make our services easy to use and understand. And when you have questions, you'll enjoy talking to a person instead of a machine. Our goal is to give you the highest quality services in a helpful, friendly atmosphere. Call one of our Relationship Managers to help you choose the right one for you.
Basic Savings Account Minimum balance to open the account is $50.00. To avoid the minimum monthly service fee of $2.00 a collected daily balance of $100.00 must be maintained or have a Bank of Evansville checking account with a positive balance. For our customers over 50 and under 18, the minimum balance to open the account is $5.00 and there is no monthly service fee. No fee for first 2 withdrawals each month and $1.00 fee for each additional withdrawal. Interest will be calculated on the collected balance, simple interest calculation, accrue daily and paid quarterly. Service charges will be calculated using the account balance. This is a tiered rate account. The tiers are as follows:
$2,500 - 4,999.99 collected daily balance $5,000 - 9,999.99 collected daily balance $10,000 - 24,999.99 collected daily balance $25,000 + collected daily balance Use the Savings Calculator. Money Market Account The minimum deposit to open the account is $1,000.00. Interest will be compounded and credited on a monthly basis. To avoid the minimum monthly service charge of $7.50 a minimum balance of $1,000 must be maintained. Six transfers may be made each statement period, if by preauthorized or automatic transfer, or telephone (including data transmission), agreement, order or instruction. Three of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfer and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. A fee of $5.00 per withdrawal will be assessed for each withdrawal over the maximum. Interest will be calculated on the collected balance, simple interest calculation, accrue daily and paid monthly. Service charges will be calculated using the account balance. This is a tiered rate account. The tiers are as follows:
$1,000 - 2,499.99 collected daily balance $2,500 - 9,999.99 collected daily balance $10,000 - 24,999.99 collected daily balance $25,000 - 49,999.99 collected daily balance $50,000 + collected daily balance Premium Money Market Account The minimum deposit to open the account is $10,000.00. Interest will be compounded and credited on a monthly basis. To avoid the minimum monthly service charge of $17.50 a minimum balance of $10,000 must be maintained. Six transfers may be made each statement period, if by preauthorized or automatic transfer, or telephone (including data transmission), agreement, order or instruction. Three of these transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfer and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. A fee of $5.00 per withdrawal will be assessed for each withdrawal over the maximum. Interest will be calculated on the collected balance, simple interest calculation, accrue daily and paid monthly. Service charges will be calculated using the account balance. This is a tiered rate account. The tiers are as follows:
$10,000 - 24,999.99 collected daily balance $25,000 - 49,999.99 collected daily balance $50,000 + collected daily balance Use the Savings Calculator. Additional Money Market Information The interest rate and annual percentage yield may change daily. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example checks). We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. Interest will be calculated on the collected balance, simple interest calculation, accrued daily and paid monthly. Service charges will be calculated using the account balance. Money Market accounts may be added to ATM cards if the customer has an active Bank of Evansville checking account with an ATM card. Certificates Of Deposit We offer certificates of deposit with a wide variety of terms and features. At the Bank of Evansville you will find traditional services with competitive rates. You'll also enjoy the special rate opportunities offered periodically. Call one of our Relationship Managers to help you choose the right one for you. Individual Retirement Accounts The Bank of Evansville offers both the Traditional IRA and the ROTH IRA. You can invest your IRA in a Bank of Evansville Certificate of Deposit or one of our other savings products. We offer a wide variety of terms and rates to fit your needs to invest in your future. Call one of our Relationship Managers today for more information. Dormancy Account Rules And Fees Savings accounts and money market accounts without activity, other than the posting of interest, for a period of three years will be classified as dormant. Checking accounts, without activity, other than the posting of interest for a period of one year will be classified as dormant. Dormant accounts will be assessed a service fee in the amount of $5.00 a month for checking and money market accounts and quarterly for savings accounts if the account has a balance of less than $100. |
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