Minimum opening deposit is $2,500.

This is a tiered rate account. Your interest rate and annual percentage yield will vary depending on the daily balance in your account. You may request the Rate and Information Sheet for the current interest rate and annual percentage yield.

The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.

Interest begins to accrue on the business day you deposit non-cash items.

Interest is compounded monthly and credited monthly. If you close your account before interest is credited, you will not receive the accrued interest, except in case of death.

We restrict all preauthorized (including automatic) transfers of funds from this account to a maximum of six (6) per statement cycle. If we provide checks with this account, three (3) of such transfers may be by check. Telephone transfers to third parties or to another account of yours are regarded as preauthorized transfers.

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.

There will be a $1 charge per withdrawal in excess of maximum stated above.

For more information, e-mail us at: deposits@lanarkbank.com