Description:

• This is a variable rate interest bearing checking 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 rate

Requirements:

• $500 minimum average daily collected balance to avoid service charge 
• The average daily collected balance is calculated by adding the collected principal in the account for each day of the period and dividing that figure by the number of days in the period
• Most non-individuals are not eligible to maintain a Super Now Account
• If the account is closed before interest is credited, you will not receive the accrued interest 

Benefits:

• Interest is compounded and paid to the account monthly.  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)
• Unlimited check writing

Cost:

• If the minimum average daily collected balance is not maintained, a monthly minimum balance fee of $5.00 plus $.15 per debit plus 7% sales tax will be charged.
• Printing and postage of checks