Christmas Club with Coupon Book Truth in Savings Disclosure
Interest Rate Information
- The interest rate and annual percentage yield is fixed until the maturity date, which is October 15, 2013. Click here for the current interest rate and annual percentage yield.
Compounding and Crediting of Interest
- Interest is not compounded on this account. Interest is credited to your account on the maturity date.
- If you close your account before interest is credited, you will not receive the accrued interest.
Accrual of Interest on Noncash Deposits
- Interest begins to accrue on the business day you deposit noncash items (for example, checks)
Minimum Balance Requirements
- You must deposit $5.00 to open this account.
- You must maintain a minimum balance of $5.00 in the account each day to obtain the disclosed annual percentage yield.
Balance Computation Method
- 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.
Transaction Limitations
- The minimum amount you may deposit periodically is $5.00.
- Up to fifty (50) deposits may be made into the account until the maturity date.
- You may not make withdrawals from your account until the maturity date.
Early Withdrawal Penalty
- We will impose a penalty if you withdraw any of the deposited funds before the maturity date. The penalty amount will equal all accrued interest plus $30.00.
Renewal Policy
- This account will not renew automatically at maturity.
- All account proceeds including principal and interest, will be paid by check or directly deposited to an ACNB Bank checking or statement savings account on the maturity date.
Service Fees
The following fees may be assessed against your account:
| Stop Payments (per item) | $35.00 |
| *Overdrafts (per item paid or returned) | $40.00 |
| Research (per hour/minimum $30) | $30.00 |
| Escheat Processing | $100.00 |
| Overdraft Protection Transfers (per occurrence) | $10.00 |
| Foreign ATM Cash Withdrawals | $2.00 |
| Dormant Account (per month after two years for balance less than $200.00) | $5.00 |
| Deposit Item Chargeback (per item) | $15.00 |
| Excessive Transaction (per item after the first notification of an excessive transaction occurrence) | $15.00 |
| Replacement of club coupon book | $5.00 |
* The overdraft fee applies to overdrafts created by in person withdrawal or electronic means as applicable. The fee is assessed on only the first six overdraft items per day. Overdrafts of $5.00 or less do not incur a fee.
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