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At Entrance of Osage Beach Premium Outlets 4558 Highway 54, Suite 100 Osage Beach, MO 65065 (573) 348-2265 |
2701 Bagnell Dam Blvd. Lake Ozark, MO 65049 (573) 964-5300 |
Personal Checking Accounts
Related Information |
TRANSACTION ACCOUNT GUARANTEE PROGRAM
First Bank of the Lake is participating in the FDIC's Transaction Account Guarantee Program. Under that program through June 30, 2010, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transacion Account Guarantee Program is in addition to and seperate from the coverage available under the FDIC's general deposit insurance rules.
Types of First Bank of the Lake accounts NOT covered by the Transacton Account Guarantee Program include the First Bank Account,Passbook Savings Accounts, Money Market Accounts, Certificate of Deposit Accounts,and IRA Accounts. These accounts are insured under the FDIC's general deposit insurance rules.
$200.00 is required to open this account. Minimum balance required and no interest paid. This account offers a Debit Card, Free Direct Deposit, and Check Safekeeping (your checks are not returned in your monthly statement). If the balance falls below $400.00 a maintenance fee of $5.00 will be imposed once during the cycle.
$200.00 is required to open this account. Interest can be earned anytime the account balance is $500.00 or more. A Debit Card, and Free Direct Deposit are offered. Statements are issued monthly and include an image of your cancelled checks.
Minimum balance to avoid imposition of fees
If balance falls below $750.00 on any day in the statement cycle. A Maintenance fee of $8.00 will be imposed once during the cycle.
Requires $500.00 to open account. Offers you the opportunity to earn a higher interest rate when this account is $1,000.00 or more. This account includes a monthly statement, an image of your checks, and Free Direct Deposit.
Minimum balance to avoid imposition of fees
If balance falls below $1,000.00 on any day in the statement cycle, a maintenance fee of $8.50 will be imposed once during the cycle.
Note: Over (3) checks per cycle will result in a $5.00 charge each. Over (6) debit per cycle will result in a $5.00 charge each.
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Rate Information
Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account at any time. -
Determination of Rate
At our discretion, we may change the interest rate on your account. Please call bank for current rate information. -
Effect of Closing an Account
If you close your account before interest is credited, you will not receive the accrued interest. -
Daily Balance Computation Method
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. -
Accrual of Interest on Non Cash Deposits
Interest begins to accrue no later than the business day we receive credit for the deposit of non cash items (e.g. checks) -
Compounding and Crediting Frequency
Interest will be compounded every month. Interest will be credited to your account every month.