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First National Bank of Clarksdale, Your Hometown Bank, Bank of Oxford - a branch of First National Bank of Clarksdale
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FIC Truth-in-Savings Disclosures

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

 
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
 
First National Bank of Clarksdale
Post Office Box 220
Clarksdale, Mississippi 38614

FIRST CHECKING ACCOUNT

 
Minimum balance to open the account - You must deposit $100.00 to open this account.
 
Minimum balance to avoid imposition of fees - If your balance falls below $300.00 on any day in the statement cycle we will impose a service charge fee of $8.00 for that cycle.
 
If your balance is at least $300.00 on every day in the statement cycle but falls below $400.00 on any day during the statement cycle we will impose a service charge fee of $7.00 for that cycle.
 
If your balance is at least $400.00 on every day in the statement cycle but falls below $500.00 on any day during the statement cycle we will impose a service charge fee of $6.00 for that cycle.
 
If your balance is at least $500.00 on every day in the statement cycle but falls below $600.00 on any day during the statement cycle we will impose a service charge fee of $5.00 for that cycle.

NOW ACCOUNT


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 avoid Imposition of fees - A service charge fee of $12.00 will be imposed every monthly statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.
 
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 non-cash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
 

MONEY MARKET ACCOUNT

 
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 avoid imposition of fees - A service charge fee of $12.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.
 
Average daily balance computation method - We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.
Accrual of interest on non-cash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
 
Transaction limitations: Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than three by check, draft, or similar order to third parties.
 

NEW OUTLOOKS CLUB - NOW ACCOUNT

 
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 non-cash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
 
Fees: A membership fee of $8.00 (single) or $11.00 (family) will be charged each statement cycle

COMMON FEATURES


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

Account Service Fees
Service Fee
Replace lost ATM card $5
ATM replacement PIN (personal identification number) $1
ATM cash withdrawal
at ATMs we do not own or operate
$1
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
Overdraft each overdraft paid
$35
Nonsufficient funds each
$35
Temporary statement
$5
Temporary checks
$2
Account research
$50 per hour
Stop payments each
$35
Account closed within six months of opening
$10
Photocopies
$1.50 per copy of check or deposit
Wire Transfers outgoing
$15
Safe deposit box rental
varies by size
Safe deposit box key replacement (1 key) $150
Safe deposit box drilled
$250
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.