The NOW Checking Account pays you interest while providing you easy access to your money. The minimum deposit to open a NOW Checking Account is only $25. There are a couple of important benefits to the NOW account:
- Interest will be credited to the account on a monthly basis.*
- Account will earn interest at rate determined by the Community State Bank.
* Fees could reduce earning on this account. Interest rate may change after the account is opened.
The monthly service fee for the NOW Checking account is based off a tiered fee and your average daily balance. Your average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
If the average daily balance equals | Monthly Account Fee |
Less than $100 | $7 plus tax |
$100 to $399.99 | $6 plus tax |
$400 to $699.99 | $5 plus tax |
$700 to $899.99 | $4 plus tax |
$900 and above | Free |