Money Markets
Tiered Money Market Fund
|
Minimum to Open Account |
$1,000.00 |
|
Monthly Service Charge |
$6.00 |
|
|
|
Monthly Service Charge and Transaction fee
will be waived if the account maintains a $1,000.00 balance for
the entire statement cycle. You may not make more than six
withdrawals or transfers to another account of yours or to a
third party by means of preauthorized or automatic transfer or
telephone order or instruction. No more than three of the six
transfers may be made by check, draft, debit card (if
applicable) or similar order to a third party. If you exceed the
transfer limitations set forth above in any statement period,
your account will be subject to closure by the financial
institution. DORMANT FEE: $2.00 per month will be assessed if
the account remains inactive for 1 year.
Commodore Premier Money Market Savings
Rate information - The interest rate for this account
is based on 91 DAY TREASURY BILL (index).
|
Account |
Rate |
APY
(Annual Percentage Yield) |
|
Commodore Premier Money Market Savings |
0.66% |
0.67% |
The rate is equal
to the index.
The interest rate(s) and annual percentage
yield(s) are accurate as of JULY 13, 2010. The interest rate
and annual percentage yield may change weekly.
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be
credited into this account monthly.
Daily balance computation method - Interest
is calculated by the daily balance method which applies a daily
periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits -
Interest will begin to accrue on the business day you deposit
noncash items (for example, checks) into your account.
Minimum balance to avoid a fee - If your
balance falls below $25,000.00 on any day in the month, your
account will be subject to a $10.00 MINIMUM BALANCE FEE for that
month.
Deposit limitations - You may make an
unlimited number of deposits into your account.
Limitations on frequency of transfers -
During any calendar month or statement cycle of at least four
weeks, you may not make more than six withdrawals or transfers
to another account of yours or to a third party by means of a
preauthorized or automatic transfer or telephone order or
instruction. No more than three of the six transfers may be made
by check, draft, debit card (if applicable) or similar order to
a third party. If you exceed the transfer limitations set forth
above in any statement period, your account will be subject to
closure by the financial institution.
Fees and Charges - The following fees
and charges apply to this account:
DORMANT FEE: $2.00 PER MONTH WILL BE ASSESSED
IF THE ACCOUNT REMAINS INACTIVE FOR 1 YEARS. |