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 $1,000.00 balance to earn interest and maintain the minimum $1,000.00 balance to obtain the annual percentage yield disclosed.

Maintenance Fees – If Account balance falls below:
$1,000.00 monthly maintenance fee is $7.00
$1,500.00 monthly maintenance fee is $5.00
$2,000.00 monthly maintenance fee is $3.00

Debit Fees – A debit ledger entry fee of $.20 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 - $3,000.00
  • 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 $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 $7.00, however,  no maintenance fee is charged if $6,000.00 avg. collected balance is maintained or   if $3,000.00 minimum balance is maintained.

Debit and Credit Fees – A ledger entry fee of $.20 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 - $3,000.00
  • Interest is compounded and credited to your account Every Month.

We use the daily balance computation method to calculate the interest in your account, which applies a daily periodic rate to the principal in the account each day.  You must maintain the minimum   $2,000.00 balance to earn interest and maintain the minimum $2,000.00 balance to obtain the disclosed annual percentage yield.

Maintenance Fee – A monthly fee of $6.00, however, no maintenance fee is charged if $6,000.00 avg. collected balance is maintained or if $3,000.00  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.

Transaction Fee – Withdrawals exceeding the above listed limitations will be charged an excessive withdrawal fee of $3.50 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 calendar month or statement cycle.

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

Other Fees –  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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