Eagle Premier Saver/Eagle Saver – Truth In Savings Disclosure
This disclosure contains the rules that govern your deposit account as of May 14, 2024.
Account Overview:
Eagle Premier: A variable rate checking account with $100.00 minimum balance to open that pays accountholders with interest and ATM withdrawal fee and Foreign ATM fee refunds when they meet eligibility requirements during the account’s monthly cycle.
Eagle Checking: A refund checking account with $100.00 minimum balance to open that refunds accountholders debit card purchases and ATM withdrawal fee and Foreign ATM fee refunds when they meet minimum eligibility requirements during the account’s monthly cycle.
Eagle Premier Saver/Eagle Saver accounts are a variable rate deposit account with $100 minimum balance to open that refunds account holders with interest when they meet the eligibility requirements associated with Eagle Premier Checking or Eagle Checking accounts during each monthly cycle. A dormant fee of $5.00 may be charged each cycle period if the account balance is less than $100.00 and for one year (previous) there is no activity or other indication in writing from you of an interest in this account.
We have the right to close this account at any time, with proper notice. Our decision to close the account will not affect your existing obligations to us including any obligation to pay fees or charges incurred prior to termination. No deposits will be accepted and no checks will be paid after the account is closed. If the account is closed, you will forfeit any interest/refunds that has not been credited to your account. A First National Bank of Kansas check for the remaining balance, if applicable, will be mailed to accountholder at the address indicated on our current records. Upon termination of your Eagle Premier Saver/Eagle Saver account, any additional products or services associated with this account will also be terminated at the same time.
Interest Rate & Annual Percentage Yield (APY)
• Compounding & Crediting:
Interest will be compounded on a monthly basis. Interest will be credited to your Eagle Premier Saver/Eagle Saver account on the last day of the current statement cycle. If you close your account before the interest is credited, you will not receive the accrued interest. Interest begin(s) to accrue on the business day you deposit noncash items (for example, checks).
“Business Day” means a calendar day other than a Saturday or a Sunday, January 1, the third Monday in January, the third Monday in February, the last Monday in May, July 4, the first Monday in September, the second Monday in October, November 11, the fourth Thursday in November, or December 25. If January 1, July 4, November 11, or December 25 falls on a Sunday, the next Monday is not a Business Day.
“Statement Cycle” means the period of time for which First National Bank of Kansas provides a summary of the financial activities and transactions that post and settle to the accountholder’s account.
The average daily balance method is used to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the Statement Cycle.:
- Interest Rate & Annual Percentage Yield:
When your Eagle Premier Checking account eligibility requirements are met during a monthly cycle:
Eagle Premier Checking average daily balances up to and including $20,000.00 in your Eagle Premier Checking account earn an interest rate of 3.96% resulting in a non-compounding APY* of 4.00%; and average daily balances over $20,000.00 earn an interest rate of 0.10% on the portion of the average daily balance over $20,000.00.
Eagle Premier Saver average daily balances up to and including $20,000.00 in your Eagle Premier Saver account earn an APY of 1.00% and average daily balances over $20,000.00 earn an interest rate of 0.10% on the portion of the average daily balance over $20,000.00.
When your Eagle Premier Checking account eligibility requirements qualifications are NOT met during a monthly cycle:
Eagle Premier Checking ATM withdrawal fees and Foreign ATM fees are not refunded and the entire average daily balance in the account earns an interest rate of 0.15% resulting in a non-compounding annual percentage yield of 0.15%.
Eagle Premier Saver the entire average daily balance in the Eagle Premier Saver account earns an interest rate of 0.15% resulting in an annual percentage yield of 0.15%.
* Interest in Eagle Premier Checking does not compound because it may be automatically transferred to the Eagle Premier Saver account. Note: Automatic transfer may cause an overdraft to your Eagle Premier Checking account, if the account’s balance is less than the transferred amount when transfer occurs.
Additional Information:
Eagle Premier Saver
Account approval, conditions, eligibility requirements, limits, timeframes, enrollments, log-ons and other requirements apply. Eagle Premier Saver – $100.00 minimum deposit is required to open the account. Monthly activity of 12 debit card purchases settled and posted, one direct deposit/mobile deposit per month, one electronic debit/ACH per month, are conditions of this account. See accompanying Other Fee Schedule of First National Bank of Kansas for fees that may apply to this account. Limit of one (1) account per Social Security Number. There are no recurring monthly service charges or fees to open or close this account. This account is not to be used for Not-for-Profit, Charitable, Tax-Exempt, Commercial or Business purposes. If the account is closed, you will forfeit any refunds that have not been credited to your account.
Eagle Saver
Account approval, conditions, eligibility requirements, limits, timeframes, enrollments, log-ons and other requirements apply. Eagle Saver – $100.00 minimum deposit is required to open the account. Monthly activity of 12 debit card purchases settled and posted, Online/Mobile Banking usage, ACH credits totaling $500 are conditions of this account. See accompanying Other Fee Schedule of First National Bank of Kansas for fees that may apply to this account. Limit of one (1) account per Social Security Number. There are no recurring monthly service charges or fees to open or close this account. This account is not to be used for Not-for-Profit, Charitable, Tax-Exempt, Commercial or Business purposes. If the account is closed, you will forfeit any refunds that have not been credited to your account.
Contact one of our bank customer service representatives for additional information, details, restrictions, refunds, processing limitations, cycle dates and enrollment instructions. Member FDIC.