Description:

• This is a variable rate interest bearing account.  The interest rate and A.P.Y. (Annual Percentage Yield) may change at any time at the discretion of Valley Bank & Trust.

• Contact us for the current interest rate.

• No service charge or minimum balance required.

• Interest will be compounded daily and credited to your account quarterly.

• 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.

• Interest begins to accrue no later then the business day we receive credit for the deposit of non-cash items (for example, checks).

• The entire balance plus all accrued interest will be paid to you by check or transferred to another account of yours on or after November 5th and the account will remain open.   If you withdraw any of the account balance at any time, you forfeit any accrued interest on the account and the account will be closed.  You may make transfers or withdrawals in the first seven (7) days after the account is opened without restrictions.