NOW Account
The NOW Account (Negotiable Order of Withdrawal) is a checking account, which earns interest. It is available to individual and joint depositors. There are no monthly maintenance fees or per check charges, as long as a $500 minimum daily balance is maintained. There is a $5 monthly maintenance fee, if on any day, the account balance goes below $500. This monthly maintenance fee may be waived for Senior Citizens.

Features:
This is an FDIC insured deposit. Interest is earned on this account, and is compounded daily and credited to the account monthly. The minimum deposit to open this account is $10. There is no minimum balance, however a $5 monthly maintenance fee will be charged if the account balance falls below $500 on any day during the month. This fee may be waived for Senior Citizens. Additional deposits or withdrawals can be made at any time. All deposits are subject to collection before withdrawal. The depositor receives a monthly statement, which is a record of deposits and withdrawals. Direct deposits (such as payroll, pension or social security checks) can be made to this account. The depositor is eligible to receive a free STAR® ATM card or Debit MasterCard. Personalized checks are available at a reasonable fee. The depositor receives free access to the FAST telephone banking system. Interest earned on this account is subject to income tax and the bank issues a yearly IRS form 1099. The depositor must supply the bank with a taxpayer identification number (social security number).

Rates:
There is no minimum balance on this account. However, a monthly maintenance fee of $5 will be charged if the minimum daily balance falls below $500. This fee may be waived for Senior Citizens. Interest is earned on this account. The interest rate is found on the current rate sheet. A $30 charge is assessed for any check presented for payment against insufficient or uncollected funds. A $25 charge is assessed for a stop payment order on any check. A $5 fee is charged for an interim statement.