Your interest rate and annual percentage yield may change. We may change the interest rate at any time.

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

If we permit telephone transfers at all, we restrict the number of transfers to another account to a maximum of three (3) per month (less the number of preauthorized transfers per month).

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.

A dormant account fee of $1.50 will be charged each quarter, if for three years (previous) there is no activity, and the balance is under $25. Any savings account that has an average balance lower than $100 shall have a service charge of $6 semi-annually on statement dates (6/30 & 12/31). Service charges are waived for full-time students and children under six years of age.

Overdraft Fee (per item) $20

An account register is issued at the time of account opening for recording transactions by the customer. If you prefer the bank to record transactions, the register may be brought in to the bank each time a transaction is made. Personalized deposit and withdrawal tickets will be mailed to the customer.

The current interest rate and annual percentage yield are available upon request.

You can access your Exchange State Bank savings account at an ATM by using your ATM or debit card.

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