Lumbee Guaranty Bank

PERSONAL SUPER NOW ACCOUNT
Rate information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We my change the interest rate on your account monthly.
Determination of rate - At our discretion, we may change the interest rate on you account.
Compounding and crediting frequency - Interest will be compounded every day. Interest will be credited to your account every month.
Minimum balance to open the account - You must deposit $1,000.00 to open this account.
Minimum balance to avoid imposition fees - A monthly maintenance fee of $14.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.
Daily 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.
Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks)
Fee:
A per check fee of $.35 will be charged for each check. This fee will apply if the minimum daily balance falls below $1,000.00 during the statement cycle.
This fee will not apply to Prestige Banking members who choose this as their no fee account.