Deposit Accounts

Checking and Money Market Accounts

We offer several types of N.O.W. checking accounts and a tiered Money Market Account. A summary appears below.

NO-MINIMUM CHECKING ACCOUNT

• Account may be opened with a deposit of $250.00 or more.
• No minimum daily balance requirement.
• No monthly service charge.
• No per-check charges.
• A statement of activity is provided monthly.
• No interest is paid on this account.

NO-MINIMUM CHECKING ACCOUNT - SENIOR CITIZEN (62+)

• Account may be opened with a deposit of $100.00 or more.
• No minimum daily balance required.
• No monthly service charge.
• No per-check charge.
• Statement of activity is provided monthly.
• No interest is paid on this account.
• Hoyne Specialty checks are available in wallet or duplicate for free.

NOW CHECKING

• Account may be opened with a deposit of $500.00 or more.
• A minimum daily balance of $500.00 is required to avoid a monthly service charge.
• No per-check charges.
• This is a variable rate account which means that the interest rate and annual percentage yield may change at any time at our discretion.
• Effective dated transactions and service fees may reduce your annual percentage yield.
• We use the daily balance method to calculate the interest on your account. This
  method applies a daily periodic rate to the principal balance in the account each day.

SUPER NOW ACCOUNT

• Account may be opened with a deposit of $2,500.00 or more.
• A minimum daily balance of $2,500.00 is required to avoid a monthly service charge.
• No per-check charges.
• This is a variable-rate account which means that the interest rate and annual percentage yield may change at any time at our discretion.
• Effective dated transactions and service fees may reduce your annual percentage yield.
• We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal balance in the account each day.
  

TIERED MONEY MARKET ACCOUNT

• Account may be opened with a deposit of $1,000.00 or more.
• A minimum daily balance of $1,000.00 is required to avoid a monthly service charge.
• This is a tiered variable-rate account which means that the interest rate and annual percentage yield may change at any time at our discretion.
• Effective dated transactions and service fees may reduce your annual percentage yield.
• We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal balance in the account each day.
• The number of preauthorized or automatic transfers, third-party checks or Point-of Sale withdrawals (which are considered to be preauthorized transfers) per statement cycle are limited by Federal Law. Telephone transfers are considered to be automatic transfers.
• A minimum deposit of $100.00 or more is required. A minimum withdrawal of $100.00 either in person or by check is generally accepted. Checks written for less than $100.00 may be paid, but a service fee may be charged.
  
  
  

Please refer to our current Terms and Conditions of your Deposit Accounts booklet and our current Schedule of Fees regarding these accounts.