Privacy Policy
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Truth-in-Savings Disclosure
Regular Checking Account
Minimum balance to open the account - You must deposit $50.00 to open this account.
Minimum balance to avoid imposition of fees - A minimum balance fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $50.00 any day of the cycle.
NOW Account
Rate information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited,you will receive the accrued interest.
Minimum balance to open the account - You must deposit $300.00 to open this account.
Minimum balance to avoid imposition of fees - A service charge fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $300.00 any day of the cycle.
Daily 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 on the business day you deposit noncash items (for example, checks).
Super NOW Account
Rate information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited, you will receive the accrued interest.
Minimum balance to open the account - You must deposit $1,000.00 to open this account.
Minimum balance to avoid imposition of fees - A service charge fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $300.00 any day of the cycle.
Daily 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 on the business day you deposit noncash items (for example, checks).
Money Market Account (MMDA)
Rate information - Your interest rate and annual percentage yield may change.
Higher rates available for balances of $100,000.00 or more and $250,000.00 or more. If the daily balance is $2,499.99 or less, the interest paid on the entire balance in your account will be at the Super Now account rate and annual percentage yield.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited, you will receive the accrued interest.
Minimum balance to open the account - You must deposit $2,500.00 to open this account.
Minimum balance to avoid imposition of fees - A service charge fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 on any day of the statement cycle.
Daily balance of 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 on the business day you deposit noncash items (for example, checks).
Limited transactions - A maximum of six transfers can be made to another account at the bank or payments to a third party when made by preauthorized or automatic transfer (ACH). These six include preauthorized transfers to cover checking overdraft and telephone transfers.
Unlimited transactions - Withdrawals when made in person, at an ATM, by mail, by messenger (can be errand person from corporation with signed authorization of signer on account) and transfers when made to pay down loans at North County Savings Bank.
North County Savings Bank will monitor MMDA accounts every statement cycle with regard to excess transactions and will notify customers who exceed the permitted number. If a customer continues to violate the limit after being notified, the account must be closed or converted to another type of account.
Integrated Rewards Checking
Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited, you will receive the accrued interest.
Minimum balance to open the account - You must deposit $100.00 to open this account.
How to receive the rewards:
Make at least 10 debit card point-of-sale transactions per month (excluding ATM transactions). Have at least one Direct Deposit into or ACH auto debit from your account each statement cycle. Can be payroll, social security, government or retirement direct deposit.
Enroll in our free eStatement service.
Maintain a current email address on record at North County Savings Bank.
Additional Features:
Free On-line Bill Pay.
Free Debit Card.
Reimbursement ATM fees up to $25.00 per statement cycle.
If your Integrated Rewards Checking account does not meet the qualifications any month
Your account still functions as a free checking account earning a minimum rate.
No monthly service charge.
Business Interest Checking
Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to you account every month.
Effect of closing an account - If you close your account before interest is credited; you will receive the accrued interest.
Minimum balance to open the account - You must deposit $1,000 to open this account.
Minimum balance to avoid imposition of fees - A service charge fee of $5.00 will be imposed every statement cycle if the balance falls below $300.00 any day of the cycle.
Daily 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 on the business day you deposit noncash items (for example, checks).
Passbook Savings Account
Rate information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every quarter. Interest will be credited to your account every quarter.
Effect of closing an account - If you close your account before interest is credited, you will receive the accrued interest.
Minimum balance to open the account - You must deposit $10.00 to open this account.
Daily 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 on the business day you deposit noncash items (for example, checks).
Transaction limitations - Transfers from a Passbook savings account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per month with no transfers by check, draft, debit card or similar order to third parties.
Christmas Club Account
Rate information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every quarter. Interest will be credited to your account every quarter.
Effect of closing an account - If you close your account before interest is credited, you will receive the accrued interest.
Minimum balance to open the account - You must deposit $10.00 to open this account. .
Daily 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 on the business day you deposit noncash items (for example, checks).
Transaction limitations - You may not make any transfers from this account to another account of yours or to third parties by preauthorized, automatic or telephone transfer or similar order to third parties.
If any withdrawal is made from this account before October 31, then this account may be closed.
Certificate of Deposits (CD)
Rate information - You will obtain the opening rate and annual percentage yield until first maturity. See the rate page for rate information.
Compounding frequency - See the rate page for compounding frequency.
Crediting frequency - See the rate page for crediting frequency.
Effect of closing an account - If you close your account before interest is credited,you will receive the accrued interest.
Minimum balance to open the account - See the rate page for what you must deposit to open this account.
Minimum balance to obtain the annual percentage yield disclosed - This balanceis the same as the minimum balance to open the account. See the rate page for details.
Daily 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 on the business day you deposit noncash items (for example, checks).
Transaction limitations:
You may not make any deposits into your account before maturity.You may make withdrawals of principal from your account before maturity but a penalty may be imposed.You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest any time during the term of crediting after it is credited to your account.
Time requirements - Your acccount will mature at the end of the term specified. See the rate page for available terms.
Early withdrawal penalties - (a penalty may be imposed for withdrawals before maturity):
- If your account has an original maturity of less than one year, but more than 31 days, the fee we may impose will equal 30 days interest on the amount withdrawn subject to penalty.
- If your account has an original maturity of one year or more, the fee we may impose will equal 90 days interest on the amount withdrawn subject to penalty.
- If your account has an original maturity of 7 to 31 days, we may impose a penalty of seven days interest on the amount withdrawn subject to penalty.
In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. See your plan disclosure if this account is part of an IRA or other tax qualified plan.
Withdrawal of interest prior to maturity - The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Automatically renewable time account - This account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within any grace period mentioned below). If you prevent renewal, interest will continue to accrue after final maturity for up to seven calendar days. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, mimimum balance (if any) and other features as the original time deposit.
Each renewal term will be the same as the original term, beginning on the maturity date.The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit.
You will have one calendar day after maturity to withdraw the funds without a penaltyon time deposits with original terms of 7 to 31 days, and seven calendar days on all other time deposits.
Common Features
The following fees may be assessed against your account and the following transaction limitations, if any, apply to your account.
Check printing ...........................................(fee depends on style of check ordered)
Counter checks ...............................................$.25
Money orders ............................................$2.00
An account is dormant if for one year you have had no communication with us about your account(s).
Dormant account fee ............................................................................. $ 5.00
This fee may be charged annually.
Nonsufficient funds (NSF) - each - returned or paid ...........................$25.00
Nonsufficient funds ACH - each - returned or paid .............................$25.00
Account activity printout .....................................................................$ 1.00
Account balancing assistance ....................................................$10.00 per hour
Stop payments- each...........................................................................$25.00
Stop payment ACH - each ...................................................................$25.00
Photocopies ............................................................................................. $.25
Copies of checks .............................................................................. .$3.00
Non customer check cashing fee ...............................................................$5.00
Fax fee ......................................................................................................$1.00 per page
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Deposit Accounts • Loans • Other Services |
 Equal Housing Lender |