Interest-bearing Accounts

NOW ACCOUNT

• Available to Individuals, Nonprofit and Government Organizations and Sole Proprietorships
• To Open the Account - $1,000.00
• Interest is compounded and credited to your account Every Month.

We use the daily balance computation method to calculate the interest in your account.  This method applies a daily periodic rate to the principal in the account each day.  You must maintain the minimum $700.00 balance to earn interest and maintain the minimum $700.00 balance to obtain the annual percentage yield disclosed.

Maintenance Fees – If Account balance falls below:

$700.00 monthly maintenance fee is $6.00
$1,200.00 monthly maintenance fee is $4.00
$1,700.00 monthly maintenance fee is $2.00

Debit Fees – A debit ledger entry fee of $.16 will be charged for each transaction in excess of 30 during a monthly statement cycle.

Rate information and frequency of rate changes – At our discretion, your interest rate and annual percentage yield may change at any time.

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 (for example, checks)

MONEY MARKET CHECKING ACCOUNT

• Available to Individuals, Nonprofit and Government Organizations and Sole Proprietorships
• To Open Account - $2,500.00
• Interest is compounded and credited to your account Every Month.

We use the daily balance computation method to calculate the interest in your account.  This method applies a daily periodic rate to the principal in the account each day.  You must maintain the minimum $1,500.00 balance to earn interest and maintain the minimum $1,500.00 balance to obtain the disclosed annual percentage yield.

Maintenance Fee – A monthly fee of $5.00, however,  no maintenance fee is charged if $5,000.00 avg. collected balance is maintained or   if $2,500.00 minimum balance is maintained.

Debit and Credit Fees – A ledger entry fee of $.16 will be charged for each debit or credit.

Rate information and frequency of rate changes – At our discretion, your interest rate and annual percentage yield may change at any time.

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 (for example, checks).

MONEY MARKET SAVINGS ACCOUNT

• Available to ALL Customers
• To Open the Account - $2,500.00
• Interest is compounded and credited to your account Every Month.

We use the daily balance computation method to calculate the interest in your account, which applies a daily periodic rate to the principal in the account each day.  You must maintain the minimum   $1,500.00 balance to earn interest and maintain the minimum $1,500.00 balance to obtain the disclosed annual percentage yield.

Maintenance Fee – A monthly fee of $4.00, however, no maintenance fee is charged if $5,000.00 avg. collected balance is maintained or if $2,500.00  minimum balance is maintained.

Transaction Limitations – Transfers from this account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per monthly statement cycle with no more than three by check, draft debit card, or similar order to third parties.

Transaction Fee – Withdrawals exceeding the above listed limitations will be charged an excessive withdrawal fee of $2.50 per item after six withdrawals.

Rate information and frequency of rate changes – At our discretion, your interest rate and annual percentage yield may change at any time.

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 .

PASSBOOK SAVINGS

• To Open Account - $100.00
• Interest is compounded and credited to your account Every Quarter.

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

Transaction Limitations – Withdrawal from a Passbook Saving Account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per calendarmonth or statement cycle with no more than 3 transfers by draft, debit card, or similar order to third parties.

Transaction Fees – A $1.50 will be charged for each withdrawal over six during a quarter.

Other Fees – A fee of $15.00 will be charged if this account is closed within 30 days of opening.A maintenance fee of $3.00 will be imposed each quarter if the average collected quarterly balance falls below $100.

Rate information and frequency of rate changes – At our discretion, your interest rate and annual percentage yield may change at any time.

Accrual of interest on non-cash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

TIME DEPOSITS

Oklahoma bank and Trust offers a full line of certificates of deposits and IRA products. Contact us for the most current yields.

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