The balance is automatically transferred to your Main Share Account during the first week in October each year. There is no minimum amount required to open a NOW Checking Account, and no service charge. A starter kit is available the day you open your account. Statements are sent on a monthly basis with your original checks returned to you. You have the option of receiving your interest monthly by check or leaving it in the account to be compounded monthly.
Terms range from six months to four years.
This is a variable rate account. This account is in passbook form.