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  Home State Bank pays you interest on the daily balance compounded monthly at the interest rate of .50%. (A .50% interest rate calculates out to an Annual Percentage Yield of .50%). Interest is variable and can change with market conditions at any time at our discretion.
Interest begins to accrue on the business day you deposit noncash items (for example, checks).
A minimum balance of $50 is required to open the account. Also, a $3.00 activity charge will be assessed for each debit activity over 6 per statement cycle. Savings statements are printed monthly. Accounts with no activity for 12 months will be considered dormant and be assessed a statement fee of $4.00 if the balance is below $100.00 (fee waived for customers 18 & under).
If the account is closed before interest is credited, you will not receive the accrued interest.
Any fees assessed to this account may reduce earnings. |
**Transfers from this account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle, with no transfers by check, draft, debit card, or similar order to third parties. Accountholders who continue to violate this limit may be subject to appropriate action as defined by federal regulations.
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