Hometown Community Bank Website

Now Account

Features:

 

Now Account

Entities organized or operated to make a profit, such as corporations, partnerships, associations, business trusts, or other organizations may not maintain NOW accounts. Deposits of an individual used in the individual's business (including a sole proprietorship or an individual doing business under a trade name) may be maintained in a NOW account in the individual's name or in the DBA name.

Compounding frequency - Interest will be compounded monthly.

Crediting frequency - Interest will be credited into this account monthly.

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 - 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 open - The minimum balance required to open this account is $1,000.00

Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $1,000.00 in your account each day to obtain the disclosed annual percentage yield.

Minimum balance to avoid Service Charge-Maintenance Fee - A minimum balance fee of $5.00 will be imposed every monthly statement cycle unless you maintain a minimum daily balance of $1,000.00.

Deposit limitations - You may make an unlimited number of deposits into your account.

Fees and Charges - The following fees and charges apply to this account:

Service Charge Debit Items: A service charge fee $.15 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account). This fee will apply if the minimum daily balance falls below $1,000.00 during the statement cycle. (This fee is waived if you have a Club Account.)

 

Super Now Account

Entities organized or operated to make a profit, such as corporations, partnerships, associations, business trusts, or other organizations may not maintain NOW accounts. Deposits of an individual used in the individual's business (including a sole proprietorship or an individual doing business under a trade name) may be maintained in a NOW account in the individual's name or in the DBA name.

Compounding frequency - Interest will be compounded monthly.

Crediting frequency - Interest will be credited into this account monthly.

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 - 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 open - The minimum balance required to open this account is $5,000.00.

Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $5,000.00 in your account each day to obtain the disclosed annual percentage yield.

Minimum balance to avoid Service Charge-Maintenance Fee - A minimum balance fee of $5.00 will be imposed every monthly statement cycle unless you maintain a minimum daily balance of $5,000.00.

Deposit limitations - You may make an unlimited number of deposits into your account.

Fees and Charges - The following fees and charges apply to this account:

Service Charge Debit Items: A service charge fee $.15 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account). This fee will apply if the minimum daily balance falls below $5,000.00 during the statement cycle. (This fee is waived if you have a Club account.)