Regular Checking Account
MINIMUM BALANCE REQUIREMENTS You must deposit $500.00 to open this account. A minimum balance fee of $1.00 will be imposed every month if the daily balance on any day of the statement cycle falls below $200.00.
If the daily balance on any day of the statement cycle falls below $200.00, a per item fee of ten (10) cents per debit will be assessed for the amount of debits cleared during the statement period. No service charge to senior citizens (age 62 or older) or full-time students, upon request.
Additional fees on the attached sheet may be assessed against your account.
DORMANT/INACTIVE ACCOUNT INFORMATION. This bank reserves the right at its election to charge a dormant account fee to the
account in the amount of $5.00 per quarter if there have been no deposits or withdrawals from the account for a period of three (3) years.
TRANSACTION LIMITATIONS. No transaction limitations apply to this account.
NOW Account
Determination of Rate At our discretion, we may change the interest rate on your account.
Frequency of Rate Changes We may change the interest rate on your account at any time.
Limitations on Rate Changes There are no maximum or minimum interest rate limits for this account.
COMPOUNDING AND CREDITING Interest will be compounded monthly and will be credited to the account monthly. If you close your
account before interest is credited, you will not receive the accrued interest.
MINIMUM BALANCE REQUIREMENTS You must deposit $500.00 to open this account. A minimum balance fee of $5.00 will be imposed every month if the daily balance on any day of the statement cycle falls below $500.00.
If the daily balance on any day of the statement cycle falls below $500.00, a per item fee of ten (10) cents per debit will be assessed for the amount of debits over thirty (30) cleared during the statement period. You must maintain a minimum daily balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.
DORMANT/INACTIVE ACCOUNT INFORMATION A dormant account fee of $5.00 per quarter will be charged after 3 years of inactivity.
BALANCE COMPUTATION METHOD We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
ACCRUAL ON NONCASH DEPOSITS Interest begins to accrue on the business day you deposit noncash items (for example, checks).
TRANSACTION LIMITATIONS No transaction limitations apply to this account.
CURRENT RATE INFORMATION To obtain the current rate(s) and annual percentage yield information, please call (701)464-5421.
Super NOW Account
Determination of Rate At our discretion, we may change the interest rate on your account.
Frequency of Rate Changes We may change the interest rate on your account at any time.
Limitations on Rate Changes There are no maximum or minimum interest rate limits for this account.
COMPOUNDING AND CREDITING Interest will be compounded monthly and will be credited to the account monthly. If you close your account before interest is credited, you will not receive the accrued interest.
MINIMUM BALANCE REQUIREMENTS You must deposit $1,000.00 to open this account. A minimum balance fee of $10.00 will be imposed every month if the daily balance on any day of the statement cycle falls below $1,000.00.
If the daily balance on any day of the statement cycle falls below $1,000.00, a per item fee of ten (10) cents per debit will be assessed for the amount of debits over thirty (30) cleared during the statement period. You must maintain a minimum daily balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.
DORMANT/INACTIVE ACCOUNT INFORMATION A dormant account fee of $5.00 per quarter will be charged after 3 years of inactivity.
BALANCE COMPUTATION METHOD We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
ACCRUAL ON NONCASH DEPOSITS Interest begins to accrue on the business day you deposit noncash items (for example, checks).
TRANSACTION LIMITATIONS No transaction limitations apply to this account.
CURRENT RATE INFORMATION To obtain the current rate(s) and annual percentage yield information, please call (701)464-5421.
Money Market Account
Determination of Rate At our discretion, we may change the interest rate on your account.
Frequency of Rate Changes We may change the interest rate on your account at any time.
Limitations on Rate Changes There are no maximum or minimum interest rate limits for this account.
COMPOUNDING AND CREDITING Interest will be compounded monthly and will be credited to the account monthly. If you close your account before interest is credited, you will not receive the accrued interest.
MINIMUM BALANCE REQUIREMENTS You must deposit $2,500.00 to open this account. A minimum balance fee of $10.00 will be imposed every month if the daily balance on any day of the statement cycle falls below $2,500.00.
You must maintain a minimum daily balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.
DORMANT/INACTIVE ACCOUNT INFORMATION A dormant account fee of $5.00 per quarter will be charged after 3 years of inactivity.
BALANCE COMPUTATION METHOD We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
ACCRUAL ON NONCASH DEPOSITS Interest begins to accrue on the business day you deposit noncash items (for example, checks).
TRANSACTION LIMITATIONS A per item fee of $1.50 per debit will be assessed for the amount of debits to third parties over six (6) cleared during the statement period. Deposit frequency and amounts are not restricted.
CURRENT RATE INFORMATION To obtain the current rate(s) and annual percentage yield information, please call (701)464-5421.
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTERST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
For more information about FDIC insurance coverage of non-interest-bearing transaction accounts, visit https://www.fdic.gov/deposit/deposits/unlimited/expiration.html
