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 information.

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 period.

Fees


• Click here for Fee Schedule

Transaction Limitations


• We have the right to require 7 days prior written notice from you of your intent to withdraw any funds from your account.

Rate Information


• 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 example, checks).

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.

Overdraft Program


• This account must be opened for 60 days before the Bank will pay any check or draft against insufficient funds under the Bank's Overdraft Program. Under the program, the Bank will pay checks for customers in good standing up to an aggregate overdue limit of $200. The fee for insufficient funds will still apply.