Link to Services Offered By Your Hometown Bank

Privacy Policy

Identity Theft

Checking Accounts

Loan Services

Business Services

Savings Accounts

Other Services

Fees & Charges

Money Market Account

RATE INFORMATION

    Determination of interest rate - At our discretion, your interest rate and annual percentage yield may change. Determination of the rate is based on tiered balance amounts, as follows:
    • No interest will be paid when your daily balance falls below $2,500
    • $2,500 - $10,000
    • $10,001 - $25,000
    • $25,001 - $99,999.99
    • Over $100,000

    Frequency of interest rate changes - At our discretion, we may change the interest rate for your account at any time.

    Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month. If you close your account before interest is credited, you will not receive the accrued interest.

    Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (e.g. checks).
MINIMUM BALANCE REQUIREMENTS

    Minimum balance to open the account - You must deposit $2,500 to open this account.

    Minimum balance to avoid the imposition of fees - A service charge fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $2,500 any day of the cycle.

    To obtain the annual percentage yield disclosed - You must maintain a minimum balance of $2,500 in the account each day to obtain the disclosed annual percentage yield.

  • A fee of $5 per withdrawal will be charged for withdrawals in excess of 6 per month.
BALANCE COMPUTATION METHOD

    We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
TRANSACTION LIMITATIONS

    Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per statement cycle with no more than three by check, draft, or similar order to third parties.

    An account is dormant if for one year you have made no deposits or withdrawals to the account.
Return to top of page.

First National Bank of Sullivan - firstsullivan.com
1 South Main Street, Sullivan, IL 61951
(217) 728-4302
503 South Hamilton, Sullivan, IL 61951
(217) 728-4303
Equal Housing Lender / Member FDIC
Click here to email us your questions and comments.