This interest-bearing, Community Spirit Checking account is for non-profit, religious, educational and fraternal organizations with activity less than 250 transactional items monthly and few cash management needs. No minimum opening deposit is needed.
The following transaction fees apply to an interest bearing Community Spirit Checking account:
- 250 free transaction items* during a statement cycle
- $0.30 for each transaction over 250
- No monthly maintenance fee
- Tiered Interest Rates available ($1,000 minimum balance required to earn interest)
*Transaction items include: checks, deposits, deposited items, electronic transactions and other debits and credits
Interest begins to accrue on the business day you make your deposit. Interest is compounded and credited to your account monthly. At our discretion, your interest rate and Annual Percentage Yield may change at any time. You will not receive interest accrued on your account in the month you close the account. We use the daily balance method to calculate interest. This method applies a daily periodic rate to the principal in the account each day.