bank of vernon Friday, October 24, 2014   11:16:06 PM
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CHECKING ACCOUNTS


 

Personal Checking

0 - $594.99 $5.95
$595 and over No Charge

BankClub
  Minimum Balance
  $600 $0 - 599
Basic $5.00 $8.00
Family $7.00 $10.00

Free Personalized Checks, Accidental Death & Dismemberment Insurance, 25% annual safe deposit box discount, $30,000 Family AD&D Insurance

Graduate Account
Designed especially for the high school senior. Your free BankClub account for one year. Your Bank of Vernon Visa/Mastercard application

Senior Citizen Account
Personal Checking accounts held by customers 65 years and older will be exempt from service charge. Personalized checks will also be offered at no cost.

Non Profit Account
Non Interest Bearing accounts held by Non-Profit Organizations will be exempt from a minimum balance charge and per item charge

INTEREST BEARING ACCOUNTS
Now Account
0 - $999.99 $9.00
$1,000 - $1,999.99 $5.00
$2,000 and over No Charge

Note: On all personal Now Accounts, including Classic and BankClub Now, the minimum daily collected balance to earn interest is $2,000
No service charge in month opened
Minimum Balance to Open - $2,000

Now BankClub Account
Minimum Balance Requirements same as Now Account Bank Club Charges
Basic $7.00
Family $9.00

Insured Money Market Account
0 - $2,499.99 $8.00
$2,500 and over No Charge
Excessive Withdrawals $14.00
Note: On Insured Money Market Account the minimum daily collected balance to earn interest is $2,500
Minimum balance to open - $2,500

Super Money Market Account

0 - $9,999.99 $12.00
$10,000 and over No Charge


Minimum Opening Balance - $10,000
Minimum Daily Collected Balance to earn interest is $10,000
Minimum Deposit Amount - $1,000
No checks allowed
One withdrawal per statement cycle allowed $12.00 per withdrawal thereafter
Rate guaranteed to never be less than bank's 90 day CD Rate.
(Available for personal accounts only---------not business, corporations, not for profit, public funds).
Offered for Limited Time Only


Statement Savings
Quarterly Maintenance Charge

0 - $49.99 $2.00
Per withdrawal after 3 per 3 mo. Statement cycle $3.00

CHRISTMAS CLUB
Checks issued first week in November
Withdrawal Fee Prior to Check Issuance - $12.00

BUSINESS ACCOUNTS


Commercial Account
Maintenance Charge $10.00
Checks & Deposits $ .12
Items Deposited $ .07
Return Item $2.00
Overdraft Rate 14.00%
Reserve Rate 10.00%
FDIC Insurance Rate 8.00%
Earnings credit to offset charges based on 3 month Treasury Bill Auction Rate. (All rates subject to change without prior notice)
No service charge in month opened

 

Small Business Account
$3,500 & above No Charge
0 - $3,499.99 $12.00
(Minimum Collected Balance)
50 Checks Free
75 Deposit Items Free
Excess checks $.22 each regardless of balance
Excess deposit items $.17 each regardless of balance
Non Interest Bearing. 14% charged on uncollected funds.

Business Money Market Account
0 - $24,999.99 $55.00
Minimum Opening Balance - $25,000
Minimum Daily Collected Balance to earn interest is $25,000
Minimum Deposit Amount - $5,000
No checks allowed
One withdrawal per statement cycle allowed
$14.00 per withdrawal thereafter
(Available for businesses, corporations, non-profit and public funds only)
10 free deposit items $.12 per item thereafter
Free order of checks for customer opening a business DDA at time of opening BMM

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