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Super NOW Account
The Super NOW is a checking account, which earns interest, and is available for individual and joint depositors. The Super NOW offers a greater rate of interest than the regular NOW, but requires a minimum balance of $2,500. There are no monthly maintenance fees or per check charges. However, if on any day during the month, the account balance falls below $2,500, the interest earned on the account will revert to the rate paid on the regular NOW account and a $5 monthly maintenance fee will be charged.
Features:
This is an FDIC insured deposit.
Interest is earned on this account, and is compounded daily and credited to the account monthly.
The minimum deposit to open this account is $2,500
There is no minimum balance required on this account. However, there is a $5 maintenance fee and interest reverts to the regular NOW account rate, if daily account balance falls below $2,500.
All deposits are subject to collection before withdrawal.
The depositor receives a monthly statement, which is a record of deposits and withdrawals.
Direct deposits (such as payroll, pension or social security checks) can be made to this account.
The depositor is eligible to receive a free STAR® ATM card or Debit MasterCard.
Personalized checks are available at a reasonable fee.
The depositor receives free access to the FAST telephone banking system
Interest earned on this account is subject to income tax and the bank issues
a yearly IRS form 1099. The depositor must supply the bank with a taxpayer identification
number (social security number).
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