- Home
- |
- Locations
- |
- Contact Us
- |
- Secure Chat
- |
- Forms
- |
- Rates
- 434-964-2001
Rates, terms and conditions are subject to change without notice. Effective as of May 13, 2022.
Balance to Earn Dividend |
Compounding | Dividend Rate | APY* |
---|---|---|---|
$2,500 - $4,999 | Monthly | 0.0500% | 0.05% |
$5,000 - $9,999 | Monthly | 0.0700% | 0.07% |
$10,000 - $24,999 | Monthly | 0.1000% | 0.10% |
$25,000 - $49,999 | Monthly | 0.1199% | 0.12% |
$50,000 - $99,999 | Monthly | 0.1998% | 0.20% |
$100,000 and above | Monthly | 0.3494% | 0.35% |
*Annual Percentage Yield
The dividend rate & APY that corresponds to the applicable account balance tier will apply to the entire balance of the account. Dividends will be calculated using the daily balance method, which is a application of a daily periodic rate to the full amount of principal in the account each day. A minimum daily balance of $2,500 must be maintained to earn dividends on any particular day. A minimum daily balance fee of $10 per month will be charged for any balance that drops below $2,500. A money market minimum withdrawal fee of $20 will be charged for any withdrawal or draft under $100. More than six withdrawals on any given statement period will result in an excessive withdrawal fee of $5.00 per withdrawal. Fees may reduce earnings.