NOW Checking Account Disclosure

The interest rate(s) and annual percentage yield(s) stated below are accurate as of 12/31/2024. If you would like more current rate and yield information, please call us at 309.526.8011. The interest rate and annual percentage yield may change at any time.

Rate information - At our discretion, we may change the interest rate for this account. The interest rate on this account is 0.050% with an annual percentage yield of 0.05%.

Compounding frequency - Interest will be compounded monthly.

Crediting frequency - Interest will be credited into this account monthly.

Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.

Minimum balance to open - The minimum balance required to open this account is $100.00.

Minimum balance to avoid service charge fee - If, during any statement cycle, your average daily balance falls below $500.00, your account will be subject to a $5.00 service charge fee for that statement cycle. If, during any statement cycle, your average daily balance is at least $500.00 but less than $1,000.00, your account will be subject to a $3.00 service charge fee for that statement cycle. If, during any statement cycle, your average daily balance is $1,000.00 or more, we will not charge the service charge fee for that statement cycle. This fee will not apply to senior citizens (62 and older), individuals under age 22, or community organizations (if an organization officer signs an exemption certificate).

Deposit limitations - You may make an unlimited number of deposits into your account.

Fees and Charges - The following fees and charges apply to this account:

• Debit Charge Fee: A debit charge fee of $.10 will be charged for each debit transaction (withdrawal, check paid, automatic transfer, electronic funds transfer, or payment out of this account) during a statement cycle. This fee will apply if your average daily balance for the statement cycle is less than $1,000.00. This fee will not apply to senior citizens (62 and older), individuals under age 22, or community organizations (if an organization officer signs an exemption certificate).
• Iowa State Sales Tax: Sales tax is assessed on service charges for checking accounts opened in the  state of Iowa. These service charges include: ATM service fees, transfer fees, stop payment fees, debit card replacement fees, copy and research fees, bill payment fees, and returned deposit item fees applied to Regular Checking accounts, Rewards Checking accounts, NOW accounts and Super NOW accounts. The sales tax is included in the service charge and will not be added to the existing fees.