Personal Checking Accounts

Regular Checking Account

• Minimum balance to open account: $50.00
• Monthly service charge: a service charge fee will be charged each month or statement cycle if the balance in the account falls below $400.00 on any day of the month or statement cycle.
• Fees: the following fees may be assessed against your account:
  Below $100---------$8.00
  $100-$199----------$7.00
  $200-$299----------$6.00
  $300-$399----------$5.00
  $400 and above-none
  No service charge for students or age 55 years or older

Bonus Checking Account

• Minimum balance to open account: $50.00
• Minimum balance to avoid a fee: $1,500.00
• Fees: the following fees may be assessed against your account:
  $20,000.00 single plan with $50,000.00 common carrier-$8.00 per month.
  $50,000.00 family plan with $100,000.00 common carrier-$10.00 per month.
  $10,000.00 senior plan for persons age 50 and over with $100,000.00 common carrier and no reduction in coverage as age increases-$5.00 per month.

Now Checking Account

• Minimum balance to open account: $1,500.00
• Interest bearing account*
• Minimum balance to obtain the annual percentage yield: $1,500.00
• Fees: the following fees may be assessed against your account:
  $1,500.00 and above----none
  Below $1,500.00 and $ .20 each for items over 20---$5.00
• Compounding and crediting: interest will be credited to the account on a monthly basis. Interest begins to accrue on the business day you deposit noncash items (for example, checks).
• Balance computation: daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in the account each day.
• Frequency of rate changes: at our discretion, we may change the interest rate on the account. The rate will never change by more that 2.00% daily.
• Effect of closing: if you close your account before interest is credited, you will receive the accrued interest.

 

*visit your local Bank of Wiggins branch for information on interest rates.