Interest is based on the average daily collected balance during the statement cycle. The average daily collected balance is obtained by adding the collected principal in the account for each date of the statement cycle and dividing that figure by the number of days in the period. If average daily collected balance falls below minimum, interest rate and annual percentage yield are reduced to zero. We reserve the right to require 7 days notice prior to withdrawal. This method applies a daily periodic rate to the collected principal in the account each day.
Interest is compounded the last day of the monthly statement cycle.
Interest and annual percentage yield for your account will depend upon the applicable rate tier. Interest rate and annual percentage yield are subject to change weekly. The combined total of withdrawals you make during a statement cycle by telephone transfers, preauthorized transfers or checks to third parties is limited to six, and no more then three of these six may be by check. You may make unlimited withdrawals in person or by mail. For information on our First State Check Debit Card or ATM card, see Customer Services .