Checking Accounts
Regular Checking Account, Student Account, Business Account,
Money Market Account, Super Now Account, Now Account
Savings Accounts
Statement Account, Passbook Account, Christmas Club Account,
Certificate of Deposit (CD), Individual Retirement Account (IRA)
Loans
Consumer Loans, Mortgage Loans,
Mastercard/Visa, Line of Credit
Regular Checking Account
55 years & up no maintenance charge!
|
Minimum Balance (opening)
|
$150.00 |
|
Maintenance Fee |
Per Month |
| Minimum Balance |
$500.00 or More |
None |
|
$400.00 - $499.99 |
$5.00 |
|
$300.00 - $399.99 |
$6.00 |
|
$299.00 & under |
$7.00 |
|
|
|
| Maintenance Fee for Seniors (age 55 & up) |
None |
|
Other Fees Associated with Deposit Accounts:
| Statement Period |
Monthly |
| Balancing of Statement |
$25.00 per hour |
| Insufficient Funds Charge |
$32.00 per item |
| Stop Payment Charge |
$30.00 per item |
| Deposited Check Return Charge |
$5.00 per item |
| Overdraft Charge |
$3.00 per day overdrawn |
| Dormant Account Charge |
$5.00 per month if no customer activity for one year |
Closing of an account: If an account is closed within 6 months of the opening date, a service charge of $10.00 will be charged.
Cost of check printing varies depending on the style of checks ordered.
Return to top.
*Student Checking Account
| Minimum Balance (opening) |
$100.00 |
| Minimum Balance Required to avoid service charge |
None |
| Maintenance Fee |
None |
| Statement Period |
Monthly |
| Balancing of Statement |
$25.00 per hour |
| Insufficient Funds Charge |
$32.00 per item |
| Stop Payment Charge |
$30.00 per item |
| Deposited Check Return Charge |
$5.00 per item |
| Overdraft Charge |
$3.00 per day for each day overdrawn |
| Standard Checks |
Free |
| Dormant Account Charge |
$5.00 per month if no customer activity for one year |
*Student Account - is for students high school and college ages 15-25.
Return to top.
Business Account
| Minimum Balance (opening) |
$150.00 |
| Minimum Balance Required |
$1.00 |
| Monthly Maintenance Fee |
$9.00 |
| Per Check Written Fee |
$.13 |
| Per Deposit Fee Made |
$.25 |
| Local Items Deposited |
$.07 |
| Transit Items Deposited |
$.065 |
| FDIC Assessment |
$.023 per $100 per year of average balance. |
| Dormant Account Charge |
$5.00 per month if no customer activity for one year. |
| Balance of Statement |
$25.00 per hour |
| Insufficient Funds Charge |
$32.00 per item |
| Stop Payment Charge |
$30.00 per item |
| Deposited Check Return Charge |
$5.00 per item |
| Overdraft Charge |
$3.00 per day for each day overdrawn |
| Statement Period |
Monthly |
Cost of check printing varies depending on the style of checks ordered.
Closing of an Account: If an account if closed within 6 months of the opening date, a service charge of $10.00 will be charged.
| Other Commercial Fees |
| Official Checks (customer) |
$5.00 |
| Official Checks (non-customer) |
$12.00 |
| Money Orders |
$3.00 |
| Night Drop Bag with one key |
$25.00 |
| Additional Drop key |
$5.00 |
| Temporary Statement |
$5.00 |
| Change Order: |
| Customer |
FREE |
| Non-Customer |
2% of order with a minimum of $10.00 |
| Automatic Sweep |
$5.00 Transfer Day |
Return to top.
Money Market Account
| Minimum Balance (opening) |
$1,000.00 |
| Minimum Balance Required to Obtain Annual Percentage Yield (APY) |
None |
| Interest Rate and APY |
Please call New Accounts for current rate |
| Interest Compounded |
Monthly |
| Interest Credited |
Monthly |
| Interest Computation Method |
*Daily Balance |
| Withdrawal/Transfer Charge |
$15.00 for each withdrawal/transfer over 6. Only 3 of the withdrawal/ transfers may be payment to third parties. |
| Statement Period |
Monthly |
| Balancing of Statement |
$25.00 per hour |
| Insufficient Funds Charge |
$32.00 per item |
| Stop Payment Charge |
$30.00 per item |
| Deposited Check Return Charge |
$5.00 per item |
| Overdraft Charge |
$3.00 per day overdrawn |
Monthly Maintenance Fee for $1,000.00 or more no charge.
Monthly Maintenance Fee for $999.99 or less is $12.00.
Return to top.
Super Now Account
| Minimum Balance (opening) |
$1,000.00 |
| Minimum Balance Required to Obtain Annual Percentage Yield (APY) |
None |
| Interest Rate and APY |
Please call New Accounts for current rate |
| Interest Compounded |
Monthly |
| Interest Credited |
Monthly |
| Interest Computation Method |
*Daily Balance |
| Statement Period |
Monthly |
| Balancing of Statement |
$25.00 per hour |
| Insufficient Funds Charge |
$32.00 per item |
| Stop Payment Charge |
$30.00 per item |
| Deposited Check Return Charge |
$5.00 per item |
| Overdraft Charge |
$3.00 per day for each day overdrawn |
| Dormant Account Charge |
$5.00 per month if no customer activity for one year |
| Withdrawal/ Transfer Charge |
None - We reserve the right to require ar least 7 days written notice before any withdrawal or transfer is made. |
Minimum Balances: Each account will be required to maintain a minimum balance of $1,000.00. Should the balance fall below $1,000.00 at any time during the statement cycle, there will be a $12.00 service charge.
Monthly Maintenance Fee for $1,000.00 or more no charge.
Monthly Maintenance Fee for $999.99 or less is $12.00.
On non-cash items interest will begin to accrue on the next business day.
If you close your account before interest is credited, you will not receive the accrued interest.
Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
Cost of check printing varies depending on the style of checks ordered.
All Check images are returned at the end of each statement period (monthly).
Super-Now and Now Accounts - No partnership, Association, Corporation, or Credit Union is allowed to have this type of account.
Return to top.
Now Account
| Minimum Balance (opening) |
$1,200.00 |
| Minimum Balance Required to Obtain Annual Percentage Yield (APY) |
None |
| Interest Rate and APY |
Please call New Accounts for current rate |
| Interest Compounded |
Monthly |
| Interest Credited |
Monthly |
| Interest Computation Method |
*Daily Balance |
| Statement Period |
Monthly |
| Balancing of Statement |
$25.00 per hour |
| Insufficient Funds Charge |
$32.00 per item |
| Stop Payment Charge |
$30.00 per item |
| Deposited Check Return Charge |
$5.00 per item |
| Overdraft Charge |
$3.00 per day overdrawn |
| Dormant Account Charge |
$5.00 per month if no customer activity for one year |
| Withdrawal/ Transfer Charge |
None - We reserve the right to require ar least 7 days written notice before any withdrawal or transfer is made. |
Minimum Balances: Each account will be required to maintain a minimum balance of $1,200.00. Should the balance fall below $1,200.00 at any time during the statement cycle, there will be a $12.00 service charge.
Monthly Maintenance Fee for $1,200.00 or more no charge.
Monthly Maintenance Fee for $1,199.99 or less is $12.00.
*Daily balance is determined by the application of a daily periodic rate to the full amount of the principal in the account each day.
On non-cash items interest will begin to accrue on the next business day.
If you close your account before interest is credited, you will not receive the accrued interest.
Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
Cost of check printing varies depending on the style of checks ordered.
All Check images are returned at the end of each statement period (monthly).
Super-Now and Now Accounts - No partnership, Association, Corporation, or Credit Union is allowed to have this type of account.
Return to top.
Savings Accounts
| Minimum Balance (opening) |
$200.00 |
| Minimum Balance to avoid service charge |
$200.00 |
| Interest Rate |
Please call New Accounts for current rates |
| Annual Percentage Yield (APY) |
Please call New Accounts for current rates |
| Minimum Balance required to obtain APY as listed |
$200.00 |
| Interest Computation Method |
*Daily Balance |
| Interest Compounded |
Quarterly |
| Interest Credited |
Quarterly |
| Interest won't be paid if balance is below |
$200.00 |
| Statement Period |
Quarterly |
| Dormant Account Charge |
$5.00 per month if no customer activity for three years |
| Withdrawals |
Six per month no charge, each additional $5.00 |
| Closing Account |
Within first 6 months of opening date, a service charge of $10.00 will be charged. |
On non-cash items interest will begin to accrue on the next business day.
If you close your account before interest is credited, you will not receive the accrued interest.
Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
Excessive withdrawals: Each account will be allowed two withdrawals per month. For each additional withdrawal, there will be a service charge of $5.00 each.
Closing of an Account: If an account is closed within 6 months of the opening date, a service charge of $10.00 will be charged.
Minimum Balances: Each account will be required to maintain a minimum balance of $200.00 in the account each day to obtain the APY disclosed. Should the balance fall below $200.00, there will be a service charge of $5.00 per month.
*The Daily Balance is determined by the application of a daily periodic rate to the full amount in the account each day.
| Minimum Balance (opening) |
$200.00 |
| Minimum Balance to avoid service charge |
$200.00 |
| Interest Rate |
Please call New Accounts for current rates |
| Annual Percentage Yield (APY) |
Please call New Accounts for current rates |
| Interest Computation Method |
*Daily Balance |
| Interest Compounded |
Quarterly |
| Interest Credited |
Quarterly |
| Interest won't be paid if balance is below |
$200.00 |
| Withdrawals |
Two per month no charge, each additional $5.00 |
| Closing Account |
Within first 6 months of opening date, a service charge of $10.00 will be charged. |
Return to top.
Christmas Club
| Minimum Balance (opening) |
$5.00 |
| Interest Rate |
Please call New Accounts for current rates |
| Annual Percentage Yield (APY) |
Please call New Accounts for current rates |
| Interest Computation Method |
*Daily Balance |
| Interest Compounded |
At maturity |
| Interest Credited |
At maturity |
Return to top.
*Daily balance is determined by the application of a daily periodic rate to the full amount of the principal in the account each day.
Certificate of Deposit (CD)
Interest will be credited to your account or paid to you monthly, quarterly, semi-annually, annually, at maturity or as agreed upon.
The annual percentage yield (APY) assumes that interest remains on deposit until maturity. A withdrawal will reduce earnings.
After the account is opened, you may not make any deposits into or withdrawals from the principal in the account until the maturity date.
Interest begins to accrue on the day you deposit any noncash item (for example, checks).
Penalty for Early Withdrawal
You cannot redeem your Certificate before the maturity date without our approval. If we do allow you to redeem your Certificate early, Federal regulations require us to charge the following penalties:
- If the Original Maturity is 32 Days to less than 1 year.
- You will forfeit an amount at least equal to three months of interest on the funds withdrawn, regardless of the length of time the funds have actually remained on deposit. We will calculate the penalty at the simple interest rate we are paying on the Certificate.
- If the Original Maturity is One Year or More:
- You will forfeit an amount at least equal to six months of interest on the funds withdrawn, regardless of the length of time the funds have actually remained on deposit. We will calculate the penalty at the simple interest rate we are paying on the Certificate.
If we allow you to redeem your Certificate early, you may lose a portion of the principal amount of your deposit if that is necessary to comply with the penalties described above. Also, if you have already received interest on your Certificate and we allow you to redeem it early, we will deduct the interest you have received from the amount we redeem, if that is necessary to comply with the above penalties.
However, upon your death, or in the event that you are judicially determined to be legally incompetent, we will, upon request, allow the Certificate to be redeemed without penalty.
Renewal Policy
If your Certificate is SINGLE MATURITY and does not automatically renew, Present it PROMPTLY at maturity as no interest is payable after the maturity date.
If your Certificate will AUTOMATICALLY RENEW, you will have a grace period of 10 days from maturity date to present this certificate for payment without penalty. If the certificate automatically renews, IT WILL BE RENEWED AT THE RATE IN EFFECT AT THIS INSTITUTION ON THE DATE OF MATURITY.
Method of Computation - Daily Balance*
*The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.
| Account Type |
Min. Deposit to Open Account |
Min. Balance to Obtain APY |
Interest Rate |
Compounded |
Annual Yield % |
| 90 Day CD |
$1,000.00 |
$1,000.00 |
See Rate Sheet |
At Maturity |
See Rate Sheet |
| 6 Month CD |
$1,000.00 |
$1,000.00 |
See Rate Sheet |
Quarterly |
See Rate Sheet |
| 6 Month CD |
$1,000.00 |
$1,000.00 |
See Rate Sheet |
At Maturity |
See Rate Sheet |
| 6 Month CD |
$1,000.00 |
$1,000.00 |
See Rate Sheet |
Monthly |
See Rate Sheet |
| 1 Year CD |
$1,000.00 |
$1,000.00 |
See Rate Sheet |
Quarterly |
See Rate Sheet |
| 1 Year CD |
$1,000.00 |
$1,000.00 |
See Rate Sheet |
Semi-Annually |
See Rate Sheet |
| 1 Year CD |
$10,000.00 |
$10,000.00 |
See Rate Sheet |
Monthly |
See Rate Sheet |
| 2 1/2 Year CD |
$1,000.00 |
$1,000.00 |
See Rate Sheet |
Quarterly |
See Rate Sheet |
| 2 1/2 Year CD |
$1,000.00 |
$1,000.00 |
See Rate Sheet |
Semi-Annually |
See Rate Sheet |
| 2 1/2 Year CD |
$10,000.00 |
$10,000.00 |
See Rate Sheet |
Monthly |
See Rate Sheet |
| 5 Year CD |
$1,000.00 |
$1,000.00 |
See Rate Sheet |
Quarterly |
See Rate Sheet |
| 5 Year CD |
$1,000.00 |
$1,000.00 |
See Rate Sheet |
Semi-Annually |
See Rate Sheet |
| 5 Year CD |
$10,000.00 |
$10,000.00 |
See Rate Sheet |
Monthly |
See Rate Sheet |
Return to top.
Individual Retirement Account (IRA)
| Minimum Balance (opening) |
$1,000.00 |
Eligibility Requirements: Anyone under the age of 70 1/2 for the entire tax year who has compensation.
We offer Traditional, Roth and Educational IRAs. Come in and visit your IRA representative today and find out which IRA is best for you.
*Daily balance is determined by the application of a daily periodic rate to the full amount of the principal in the account each day.
Return to top.
Loans & Lending
Consumer Loans
 Bank of Brewton offers a variety of lending options to consumers. From small personal loans to purchasing a new vehicle; Bank of Brewton helps its customers with short-term and long-term financing.
Mortgage Loans
 Bank of Brewton's loan department staff can make the process of owning a home an enjoyable experience. We have many different options to serve your needs:
- Fixed Rate Mortgages
- Home Improvement Loans
- Construction Loans
Mastercard/Visa
Bank of Brewton's worldwide credit cards give one of the lowest rates of any card in Escambia County, Alabama. With "Hometown" service for out of town customers, no "800" numbers to call, no annual fee, or cash advance fees. Stop in any of our three locations to apply today.
Line of Credit
Upon request, depending on financial status and past experience.
Member FDIC
phone (251) 867-5431 · fax (251) 867-0330
email Bankof Brewton@Magbelle.com
|
