Passbook Savings Account Truth in Savings Disclosure

Interest Rate Information

• The interest rate and annual percentage yield may change at the Bank's discretion any time without notice. Click here for the current interest rate and annual percentage yield.

Compounding and Crediting of Interest

• Interest is compounded daily and credited to your account every six months.
• If you close your account before interest is credited, you will 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 $10.00 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

• You may make, in person, unlimited deposits into or withdrawals from your account.

Service Fees

The following fees may be assessed against your account:

Additional Account Information

• Electronic fund transfers are not permitted on this account.  This includes any direct deposits as well as any preauthorized transfers or arrangements to pay recurring bills.
• These prohibited transfers also include those transfers between accounts here at Adams County National Bank, including transfers for loan payments and transfers to cover overdrafts in your deposit accounts.
• Should you have a need for electronic fund transfers, please contact a sales representative for information on converting your Passbook Savings Account to a Statement Savings Account.
• A Statement Savings Account is recommended for the processing of preauthorized credit or debit transactions.