First National of Clarksdale amp; Bank of Oxford




Rate information - Your interest rate and annual percentage yield may change.

Frequency of rate changes - We may change the interest rate on your account at any time.

Determination of rate - At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.

Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.

Minimum balance to open the account - You must deposit $1,000.00 to open this account.

Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

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).

Fees: A membership fee of $4.00 (single) or $6.00 (family) will be charged each statement cycle.

The following fees may be assessed against your account and the following transaction limitations, if any, apply to your account.

Replace lost ATM card$5.00
ATM replacement PIN
(personal identification number)
ATM cash withdrawal
at ATMs we do not own or operate
Check printing(fee depends on style of check ordered)
Cashier's checks 1% of amount purchased
($5.00 minimum, $15.00 maximum)
Money orders$3.00
Overdraft each overdraft paid $35.00
Nonsufficient funds each $35.00
Temporary statement$5.00
Temporary checks$2.00
Account research$50.00 per hour
Stop payments each $35.00
Account closed within six months of opening$10.00
Photocopies $1.50 per copy of check or deposit
Wire Transfers outgoing$15.00
Safe deposit box rental varies by size
Safe deposit box key replacement (1 key)$150.00
Safe deposit box drilled$250.00

We may require not less than 7 days' notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal.

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