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personal

NOW Account

Our NOW account is a great way to earn interest on your money without losing access to those funds.  Your earned interest is credited to your account at the end of each statement cycle.  Remember, we offer same day credit on deposits made before 6pm, Monday – Friday.  Account details include:

Rate information – Contact Roscoe State Bank for current rate information.

Compounding frequency – Interest will be compounded monthly.

Crediting frequency – Interest will be credited into this account monthly.

Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest.

Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.

Minimum balance to open – The minimum balance required to open this account is $1,500.00.

Minimum balance to obtain the disclosed annual percentage yield – You must maintain a minimum daily balance of $1,500.00 in your account each day to obtain the disclosed annual percentage yield. 

Minimum balance to avoid Minimum Balance Service Charge – If your balance falls below $1,500.00 on any day during the monthly statement cycle, we will impose a service charge fee of $10.00 for that monthly statement cycle. 

Deposit limitations – You may make an unlimited number of deposits into your account.  

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