REWARD CHECKING TRUTH IN SAVING DISCLOSURE

 

REWARD CHECKING TRUTH IN SAVING DISCLOSURE

 

 

Variable Rate - The interest rate for your account is 0.01% with an annual percentage yield of 0.01%. Your interest rate and annual percentage yield may change at our discretion.  We may change the interest rate on your account at any time. The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change at our discretion. 

Minimum Balance Requirements - You must deposit at least $50.00 to open a Reward Checking account. To obtain the annual percentage yield disclosed, you must maintain a minimum balance of $0.00 in the account each day.

Compounding and Crediting - Interest will be compounded monthly.  Interest will be credited to your account monthly. If you close your account before interest is credited, you will not receive the accrued interest.  

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.  

Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). 

The interest rate and annual percentage yield stated below are accurate as of the date printed above. If you would like more current rate and yield information please call us at (806) 792-7101 or 1-800-687-2265.  

This disclosure contains the rules which govern your deposit account. Unless it would be inconsistent to do so, words and phrases used in this disclosure should be construed so that the singular includes the plural and the plural includes the singular. 

We reserve the right to at any time require not less than 7 days, notice in writing before any withdrawal from an interest bearing account. 

There will be a $5.00 service charge1 imposed each statement cycle to receive a paper statement. To avoid this fee you can sign up to receive free e-statements through online banking.

This Account may qualify for a $700 ODP limit. 

Qualifications must be met by the third Wednesday of each month.  Statements will cut and interest will credit the account the following business day.

              Level 3  ATM Surcharge Fee refunds worldwide2

                           Balance                        APY (c)           Interest Rate

                 Up to $149,999.99            1.05%                         1.05%

                   $150,000 and over          0.80%                         0.80%

 If you meet the following qualifications you will receive Reward level 3:

1. Twenty (20) everyday (non-recurring) debit card transactions4 must post and settle5 to your account each qualification cycle (ATM withdrawals do not apply).

2. Have at least one (1) bill payment post and settle5 to your account each qualification cycle using our free online service.

3. Have at least four (4) ACH items (Electronic Funds Transfer) post and settle5 to your account each qualification cycle.

4. Sign up and receive your statement electronically through free City Bank E-Statements.

              Level 2  ATM Surcharge Fee refunds worldwide2

                         Balance                              APY3            Interest Rate

                 Up to $149,999.99            0.60%                         0.60%

                   $150,000 and over          0.50%                         0.50%

  If you meet the following qualifications you will receive Reward level 2:

1. Eight (8) everyday (non-recurring) debit card transactions4 must post and settle5 to your account each qualification cycle (ATM withdrawals do not apply).

2. Have at least one (1) bill payment OR one (1) ACH item ( Electronic Funds Transfer) post and settle5 to your account each qualification cycle.

              Level 1  ATM Surcharge fees not refunded

                        Balance                          APY3               Interest Rate

                 Up to $149,999.99            0.01%                         0.01%

                   $150,000 and over          0.01%                         0.01%

If you do not meet the qualifications of Level 3 or Level 2 you will receive Reward level 1.

The following dates apply to your Reward Checking Account.  Monthly Qualification Cycle dates are not the same as the Statement Cycle dates.  Please refer to your account's Truth In Savings disclosure for specific qualification requirements.  To qualify for your rewards, all of your qualifying transactions must post and settle to your Reward account within the Monthly Qualification Cycle dates stated below.  Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for your rewards.                                                                  

            REWARD CHECKING             Monthly Qualification Cycle Monthly Statement Cycle                      

            Month                              Begin          End                Begin       End         

            January                        12/22/2022          1/18/2023    12/23/2022     1/19/2023   

            February                        1/19/2023          2/15/2023      1/20/2023     2/16/2023

            March                              2/16/2023          3/15/2023      2/17/2023     3/16/2023   

            April                              3/16/2023          4/19/2023      3/17/2023     4/20/2023    

            May                              4/20/2023          5/17/2023      4/21/2023     5/18/2023    

            June                              5/18/2023          6/21/2023      5/19/2023     6/22/2023    

            July                               6/22/2023          7/19/2023      6/23/2023     7/20/2023    

            August                       7/20/2023          8/16/2023      7/21/2023     8/17/2023    

            September                    8/18/2022          9/21/2022   8/19/2022   9/22/2022   

            October                         9/22/2022       10/19/2022   9/23/2022    10/20/2022

            November                  10/20/2022       11/16/2022    10/21/2022    11/17/2022    

            December                   11/17/2022       12/21/2022 11/18/2022    12/22/2022    

 

1All fees subject to sales tax in New Mexico.
2ATM service charge refunds are capped at $15 per statement cycle. 
3Annual Percentage Yield
4A credit, ATM withdrawal or refund to your account does not qualify as a debit card transaction.
5To post and settle, the transaction must be deducted from your current balance. 


**Refer to the Schedule of Fees in the Consumer Deposit Agreement and Disclosures for fees that may apply to your account.**