First Federal Savings Bank of Frankfort
First Federal's NOW Account and Golden 50 Account offer a
great rate of return with the convenience of regular checking. First Federal offers
low fees, ATM access through the Star network, Direct Deposit, linkage to your First Federal
home equity line of credit, and a variety of other services. Please call us for more
Truth in Savings Account Disclosure
NOW Checking Account or Golden 50 Checking Account
Deposits are insured by the FDIC up to applicable limits
Rates are subject to change
Note: To be eligible for the Golden 50 Account the account holder must be
50 years of age or older.
Disclosure of Interest and Charges
Minimum Balance Requirements
- You must deposit $300 to open this account.
- A minimum balance fee will be imposed every statement cycle if the average
daily balance for the statement cycle falls below $300. The average daily
balance is calculated by adding the principal in the account for each
day of the period and dividing that figure by the number of days in the
- We have the right to require 7 days prior written notice from you of your
intent to withdraw any funds from your account.
- See previous page for current rate.
- Your interest rate and annual percentage yield may change.
- At our discretion, we may change the rate on your account
Frequency of Rate Change
- We may change the rate for your account every week
Compounding and Crediting
- Interest will be compounded on a monthly basis.
- Interest will be credited to your account on a monthly basis.
- Interest begins to accrue on the business day you deposit noncash items (for
Balance Computation Method
- 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.
Electronic Funds Transfer Limitations
- There are limits on the dollar amount of cash withdrawals you can make using
automated teller machines. You will be informed of these limits when/if
you receive your card.
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