Passbook Savings Accounts

* A variable interest earning account.  The average daily balance method is used to calculate the interest on this account, and is compounded semiannually.

* Account interest rate and annual percentage yield may change on your account at any time, at Powell Valley National Bank's discretion.

* Transfers from a Passbook Savings Account to another account or to third parties by preauthorized, automatic, internet, or telephone transfer are limited to six per month with no transfers by check, draft, or similar order to third parties.

 

Statement Savings Accounts

* A variable interest earning account.  The average daily balance method is used to calculate the interest on this account, and is compounded semiannually.

* Account interest rate and annual percentage yield may change on your account at any time, at Powell Valley National Bank's discretion.

* Transfers from a Statement Savings Account to another account or to third parties by preauthorized, automatic, internet, or telephone transfer are limited to six per month with no transfers by check, draft, or similar order to third parties.

 

Christmas Club Accounts

* Minimum deposit of $1.00 to open this account. 

* If any withdrawal is made from this account before club's end then this account may be closed.

 

 

Money Market Transaction Accounts

* Minimum deposit of $2,500 to open this account. 

* A variable interest earning account.  The average daily balance method is used to calculate the interest on this account, and is compounded monthly.

* Account interest rate and annual percentage yield may change on your account at any time, at Powell Valley National Bank's discretion.

* If account average daily balance falls below $1,000 during the monthly statement cycle, no interest will be paid for that month and a service fee will be charged.

* Transfers from a Money Market Account to another account or third parties by preauthorized, automatic, internet, or telephone transfer are limited to six per statement cycle with no more than three by check, draft, or similar order to third parties.

 

 

 
 Member FDIC