1)Transfers from account to another account or to third parties by preauthorized, automatic, telephone transfers, or online transfers are limited to six per statement cycle
2)A $30 penalty will be charged for account closure or for each withdrawal prior to November disbursement.
3)An excessive transaction fee of $8.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of six during a statement cycle
4)Must Set up with an auto transfer from another MCCB account at least monthly
- Determination of Rate: At our discretion, we may change the interest rate on your account.
- Frequency of Rate Changes: We may change the interest rate on your account at anytime
- Limitations on Rate Changes: There are no maximum or minimum interest rate limits for this account.
- Compounding and Crediting: Interest will be compounded daily and will be credited to the account quarterly for savings, monthly for money market and annually for Christmas Club.
*Must be under 18 years of age and a parent or legal guardian must sign with minor.