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Savings accounts | Checking Account | NOW Account | New Horizons Club Account | HI-FI Money Market Account | Christmas Club Account | IRA's | Time Certificates of Deposit | Common Features and Fees | Electronic Transfers - Your rights and Responsibilities
Savings Accounts
Compounding Frequency – Interest will be compounded every quarter. Crediting Frequency - Interest will be credited to your account every quarter. Minimum balance to open the account – You must deposit $100.00 or $25.00 for youth (18 or younger) to open this account. Minimum balance to avoid imposition of fees – A maintenance fee of $15.00 will be imposed every statement cycle if the balance in the account falls below $100.00 any day of the cycle, or $25.00 for youth. Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $25.00 in the account each day to obtain the disclosed annual percentage yield. 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 on the first business day after the banking day you deposit non-cash items (for example, checks). Transaction limitations – Transfers from a Savings account to another account or to third parties by preauthorized, automatic, telephone, or ATM transfer are limited to six per statement cycle with no more than three by check, draft, debit card, or similar order or third parties.
Compounding Frequency – Interest will be compounded every statement cycle. Crediting Frequency - Interest will be credited to your account every statement cycle. Minimum balance to open the account – You must deposit $10,000.00 to open this account. Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $10,000.00 in the account each day to obtain the disclosed annual percentage yield. 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. Fees – No Service charge if the balance falls below minimum. No interest will be accrued for the period the account falls below minimum.Accrual of interest on non-cash deposits – Interest begins to accrue on the first business day after the banking day you deposit non-cash items (for example, checks). Transactions limitations – Transfers from a Super Saver account to another account or to third parties by preauthorized, automatic, telephone, or ATM transfer are limited to six per statement cycle with no more than three by check, draft, debit card, or similar order or third parties. Checking Account
Minimum balance to Maintain Account - $.00. A Maintenance Fee of $20.00 will be imposed every statement cycle if the balance in the account falls below $.00 any day of the cycle. A Debit Transaction Fee of $0.25 will be charged for each debit transaction in excess of 25 during the statement cycle. This fee will apply when an overdraft is created on any day during the statement cycle. ATM & Service Charge Debits are not included. This fee will not apply to senior citizens (age 55 & Older), students (under age 22), or clubs, groups, & organizations. (You must notify the bank).
NOW Account
Compounding Frequency – Interest will be compounded every statement cycle. Crediting Frequency - Interest will be credited to your account every statement cycle Minimum balance to open the account – You must deposit $2,500.00 to open this account. Minimum balance to avoid imposition of fees – A Maintenance fee of $20.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle. Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield. 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 on the first business day after the banking day you deposit non-cash items (for example, checks).
New Horizons Club Account
Minimum balance to Maintain Account - $.00 A Maintenance Fee of $20.00 will be imposed every statement cycle if the balance in the account falls below $.00 any day of the cycle. Service Charge – You will be charged a Regular Service Charge based upon the plan you select. The Regular Service Charge for the plan you select is:
HI-FI Money Market Account
Compounding Frequency – Interest will be compounded every statement cycle. Crediting Frequency - Interest will be credited to your account every statement cycle. Minimum balance to open this account – You must deposit $2,500.00 to open this account. Minimum balance to avoid imposition of fees – A maintenance fee of $20.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle. Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield. 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 on the first business day after the banking day you deposit non-cash items (for example, checks). Transactions limitations – Transfers from a HI-FI Money Market account to another account or to third parties by preauthorized, automatic, telephone, or ATM transfer are limited to six per statement cycle with no more than three by check, draft, debit card, or similar order or third parties. The minimum amount you can withdraw or transfer from this account is $500.00. FEES – An excessive transfer fee of $15.00 will be charged for each debit transaction in excess of six during a statement cycle.
Christmas Club Account
APY assumes interest remains on deposit until maturity. Compounding Frequency – Interest will be compounded at maturity. Crediting Frequency - Interest will be credited to your account at maturity. That no deposit hereunder shall be subject to withdrawal until the close of the Christmas Club period. We must permit withdrawal before the maturity date if any owner dies or is determined to be legally incompetent by a court or administrative body of competent jurisdiction. Such withdrawal will be without penalty or forfeiture. 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 on the first business day after the banking day you deposit the non-cash items (for example, checks). The minimum amount you can deposit is $5.00. You may not make withdrawals of principal from your account before maturity. You cannot withdraw interest from your account before maturity. Club members neglecting to make their scheduled payments when due or in advance and those discontinuing their payments will not receive accrued interest. Members must deposit scheduled payments as specified Renewal Policy – This account will automatically renew at maturity. Time requirements –Must maintain the account for 50 weeks starting the first week of November.
IRAs (Traditional, Roth, Education, and SEP)
APY assumes that all interest will remain on deposit until maturity. A withdrawal will reduce earnings. Compounding Frequency – Interest will be compounded quarterly.Crediting Frequency - Interest will be credited to your account quarterly. 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 on the first business day after the banking day you deposit non-cash items (for example, checks). Minimum amount to open - $250.00 The minimum amount you can deposit is $250.00. The maximum amount you can deposit – Consult your tax advisor. You cannot withdraw principal from your account before maturity. You cannot withdraw interest from your account before maturity. Time requirement – Account will mature as stated on certificate. Early withdrawal penalties - A penalty may be imposed for withdrawals before maturity. (You may also be subject to IRS penalties – Please consult your tax advisor.) You will be penalized an amount equal to a minimum of 365 days interest. There are certain circumstances, such as death or incompetence of an owner, where we may waive or reduce this penalty. See your plan disclosure. Withdrawal of interest prior to maturity – The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Automatically renewable time account – This account will automatically renew at maturity, unless presented for payment at maturity or within the (10) days thereafter. If you renew the account, interest will accrue after maturity.
Time Certificates of Deposit
APY assumes that all interest will remain on deposit until maturity. A withdrawal will reduce earnings. Compounding Frequency – Interest will be compounded as follows, Crediting Frequency - Interest will be credited to your account as follows, 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 on the first business day after the banking day you deposit non-cash items (for example, checks). Minimum amount to open - $500.00Time Requirements – Account will mature as stated on certificate. Early withdrawal penalties - A penalty may be imposed for withdrawals before maturity. * TCD’s Issued Between 3-15-96 and 9-30-02 -You will be penalized an amount equal to (i) a minimum of 91 days interest if the original maturity was one year or less, (ii) a minimum of 182 days if the original maturity was more than one year. There are certain circumstances, such as death or incompetence of an owner, where we may waive or reduce this penalty. * TCD’s Issued 10-01-02 and After - You will be penalized an amount equal to (i) a minimum of 182 days interest if the original maturity was one year or less, (ii) a minimum of 365 days if the original maturity was more than one year. There are certain circumstances, such as death or incompetence of an owner, where we may waive or reduce this penalty. Withdrawal of interest prior to maturity – The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Transaction limitations – Additional deposits or withdrawals are not allowed during the term of the time account. Automatically renewable time account – This account will automatically renew at maturity, unless presented for payment at maturity or within ten (10) days thereafter. If you renew the account, interest will accrue after maturity.
Common Features And Fees Applied To Deposit Accounts
The following fees and transaction limitations may be assessed and applied to your account.
Certain fees are subject to state and local sales tax. For security reasons daily withdrawal limits at ATMs vary. We reserve the right to at any time require no less than 7 days notice in writing before each withdrawal from an interest bearing account other than a time deposit, or from any other savings account as defined by Regulation D. NOTICE: ATM fees . When you use an ATM not owned by us, you may be charged a fee by the ATM operator {or any network used} (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer).
Electronic Fund Transfers- Your Rights And Responsibilities
Savings accounts | Checking Account | NOW Account | New Horizons Club Account | HI-FI Money Market Account | Christmas Club Account | IRA's | Time Certificates of Deposit | Common Features and Fees | Electronic Transfers - Your rights and Responsibilities Email us at nvsbonline@nvsb.com. |
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Rate Information – At our discretion, we may change our rates at any time.
Rate Information – At our discretion, we may change our rates at any time.
Minimum balance to open the account – You must deposit $50.00 to open this account.
Rate Information – At our discretion, we may change our rates at any time.
Minimum balance to open the account – You must deposit $50.00 to open this account.
Rate Information – At our discretion, we may change our rates at any time.
Rate Information – At our discretion, we may change our rates at any time.
Rate Information –The interest rate and APR for this account is listed under the 
Rate information – The interest rate and APR for this account is listed under the 
