Tiered Interest Checking
Our Tiered Interest Checking is setup to pay you more interest with each higher tier, which is a great way to grow your account! Additionally, our Tiered Interest Checking offers: Access to online banking & bill pay, eStatements, a debit Mastercard®, opening/minimum balance of $2,500 and monthly service fees as low as just $5 per month.
TIERED INTEREST CHECKING ACCOUNT: All initial accounts must be opened in person by the primary account holder. Proper identification is required to open any account. We use the daily balance method to calculate the interest. This method applies a daily periodic rate to the principle in the account each day. Interest begins to accrue on the business day you deposit and will be paid to the date of withdrawal. The Annual Percentage Yield assumes interest will remain on deposit. A withdrawal will reduce earnings. Current rates will be posted in our lobby or can be obtained by calling 217-347-7173. Your interest rate and APY may change at our discretion.
† TIERED INTEREST CHECKING ACCOUNT: $2,500.00 minimum deposit to open this account. A monthly fee of $5.00 will be imposed every month if the average daily balance of the statement cycle falls below $2,500.00. Interest compounds daily and is credited on your monthly cycle date. Fees could reduce earnings.