 | The interest rates and annual percentage yields (APYs)
are published monthly in the rate sheet, available at any MWBank location. Interest rate information will be provided to
you prior to opening your account. Interest rates are variable and may
change at our discretion. |
| Capital Investor: The Rate will equal 80%-110% of the 91 day T-Bill Discount Rate paid on
balances over $25,000. Six out-of-bank withdrawals per month, three of
which may be by check. Interest is compounded and paid monthly. |
| Money Market Investment Account: Interest is
compounded and paid weekly. Interest is calculated on the average
daily balance method. This method applies a periodic rate to the
average balance in the account each day. |
| Federal Reserve Regulation D prohibits more than six
pre-authorized transfers per month, no more than three of which may be
payable to third parties, such as checks, or debit card entries. A $10
fee will be charged for each additional pre-authorized transfer per
month in excess of six or for each third part transfer in excess of
three. Once the account has violated the Regulation D limits twice,
the Bank will automatically convert the account to a non-interest
bearing checking account. |
| Statement Savings Account interest is paid quarterly
and is based on a 365-day year. |
| Accounts other than MMIA use the daily balance method
to calculate interest. This method applies a periodic rate to the
balance in the account each day. |
| Interest begins to accrue no later than the business
day we receive credit for the deposit of non-cash items (for example
checks). |
| Fees applied to your account may affect your
earnings. See Fee Schedule for additional account information. |
| Deposit Account
Rules |
| If you want a hard copy of this disclosure sent to
you please contact us. |
