The Garnavillo Savings Bank
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Checking | Savings | Certificate of Deposit | IRA

Regular
Now
Super Now
Insured Money Market Account


Regular

Our basic checking account provides unlimited check writing privileges.

A service charge fee of $.10 will be charged for each paper debit transaction (withdrawal, check paid, automatic transfer, or payment out of this account). This fee will apply if the daily balance falls below $200.00 during the statement cycle. This fee will not apply if the account holder is a full-time student and under the age of 24 or if the account holder is age 65 or older.

Now
Our introductory interest bearing checking account with a low $500 minimum balance and unlimited check writing privileges.

Rate Information

Your interest rate and annual percentage yield may change.

Frequency of rate changes
We may change the interest rate on your account at any time.

Determination of rate
At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency
Interest will be compounded every day. Interest will be credited to your account every month.

Minimum balance to open the account
You must deposit $500.00 to open this account.

Minimum balance to avoid imposition of fees
A maintenance fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield disclosed
You must maintain a minimum balance of $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 noncash deposits
Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Fees
A per item fee of $.15 will be charged for each paper debit transaction (withdrawal, check paid, automatic transfer, or payment out of this account). This fee will not apply if a minimum daily balance of $500.00 is maintained on every day of the statement cycle.


Super Now
Our intermediary interest bearing checking account with a $1,000 minimum balance and unlimited check writing privileges and pays a higher rate of interest that the Now account.

Rate Information

Your interest rate and annual percentage yield may change.

Frequency of rate changes
We may change the interest rate on your account at any time.

Determination of rate
At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency
Interest will be compounded every day. Interest will be credited to your account every month.

Minimum balance to open the account
You must deposit $1,000.00 to open this account.

Minimum balance to avoid imposition of fees
A maintenance fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.

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 noncash deposits
Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Fees
A per withdrawal fee of $.25 will be charged for each paper debit transaction (withdrawal, check paid, automatic transfer, or payment out of this account). This fee will not apply if the minimum daily balance is $1,000.00 or more on every day of the statement cycle.



Insured Money Market Account
Our highest yielding interest bearing checking account for those who want to earn money market yields with check writing privileges.

Rate Information

Your interest rate and annual percentage yield may change.

Frequency of rate changes
We may change the interest rate on your account at any time.

Determination of rate
At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency
Interest will be compounded every day. Interest will be credited to your account every month.

Minimum balance to open the account
You must deposit $1,000.00 to open this account.

Minimum balance to avoid imposition of fees
A maintenance fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield disclosed
You must maintain a minimum balance of $1,000.00 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.

Accrual of interest on noncash deposits
Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction limitations
Transfers from an Insured Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle with no more than three by check, draft, or similar order to third parties.

Fees
A per item fee of $.25 will be charged for each paper debit transaction (withdrawal, check paid, automatic transfer, or payment out of this account). This fee will not apply if the minimum daily balance is $1,000.00 or more on every day of the statement cycle.



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