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This account works for you all year long – and allows for special savings during the holidays. All Bay Xmas Club Savings accounts mature by the last day of October.
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Minimum Balance to Open account - $25 ($10.00 for minors, 18 years of age or younger) |
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Deposit Rate Information (based on account balance)
Daily Balance $0 -$ 99 - None Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. Interest will begin to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks) into your account. |
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Compounding and Crediting Frequency- Interest will be compounded and credited annually. All accounts mature by the last day of October. |
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Effect of Closing An Account – If you close your account before interest is paid, you will not receive the accrued interest. |
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Minimum balance to obtain the disclosed annual percentage yield: you must maintain a daily balance of $100 in your account each day to obtain the disclosed annual percentage yield. |
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Transaction limitations – If you make a withdrawal at anytime prior to the accrued interest credit on November 1st of each year, you will be charged $10.00 and the account may be closed at the bank’s discretion. |
