Super NOW Account

Our Super NOW account is designed for our customers who wish to earn a higher rate of interest, write a minimal number of checks and keep a moderate balance in their account for no service fee. $1,000.00 is required to open this account and you must maintain a minimum balance of $1,000.00 to obtain the disclosed annual percentage yield. This account offers unlimited deposits into the account, and you are allowed 15 withdrawals from this account each statement cycle. An excessive check charge of $0.27 will be imposed per debit in excess of 15 withdrawals. This account also includes free access to secure online banking. Overdraft fees apply to overdrafts created by check, in-person withdrawal, or other electronic means. Overdraft fees may also apply to one-time debit purchases and ATM withdrawals if a consumer opted-in to overdraft services at Peoples State Bank. Fees could reduce the earning on your account.

(In accordance with Regulation D this account is only available to individuals, sole proprietorships, non-profit organizations and governmental units.)

Interest

The interest rate and annual percentage yield are included in the Rate Chart and may change at our discretion. Interest will be compounded monthly and will be credited to this account monthly. If you close your account before interest is paid, you will not receive the accrued interest. Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day, and interest will begin to accrue on the business day you deposit non-cash items (for example, checks) into your account.

Monthly Service Charge

A monthly service charge of $8.33 will be imposed every statement cycle if the average daily balance in your account falls below $2,500.00.

Debit Card

ATM/debit card is available with this account.