|
 Home State Bank pays you interest on the daily balance compounded monthly. The interest rate is variable and can change with market conditions at any time. Also, the interest rate & A.P.Y.* are variable depending on the following daily balances:
| Daily
Balance |
Interest
Rate |
APY* |
| $100,000
& Above |
.75%
|
.75%
|
| $50,000
- $99,999.99 |
.60% |
.60% |
| $20,000
- $49,999.99 |
.55% |
.55% |
| $5,000
- $19,999.99 |
.50% |
.50% |
| $1,000
- $4,999.99 |
.50% |
.50% |
| $999.99
& Below |
.50% |
.50% |
 Interest begins to accrue on the business day you deposit noncash items (for example, checks).
A minimum balance of $500 is required to open the account. Also, a $5.00 activity charge will be assessed for each debit activity over 6 per month. Statements are printed monthly.
Preauthorized, automatic, telephonic, or electronic transfers of funds from this account are limited to six (6) per statement cycle. For each transfer in excess of six (6) per statement cycle, a $5.00 activity charge will apply.
If account is closed before interest is credited, you will not receive the accrued interest.
* Annual Percentage Yield
**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. |
