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The stated annual percentage yield is effective April 8, 2011. Rates subject to change without notice. See below for terms and conditions.
* Daily balance (calculated by applying the daily periodic rate to the current principal balance in the account each day. The period we use is the monthly qualifying cycle). Fees could reduce earnings on this account. This is a variable rate and at our discretion the interest rate and APY may change after the account is opened. ** Daily balance (calculated by applying the daily periodic rate to the collected principal balance in the account each day. The period we use is the monthly statement cycle). Fees could reduce earnings on this account. This is a variable rate and at our discretion the interest rate and APY may change after the account is opened. CONSUMER CHECKING ACCOUNTS REGULAR ACCOUNT: You must deposit at least $100.00 to open this account. A maintenance fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $100.00 any day of the statement cycle. There is an excess check charge of 10¢ for each check in excess of 25 processed during the statement cycle. These fees are waived for customers age 62 or over. BASIC ACCOUNT: You must deposit at least $100.00 to open this account. A maintenance fee of $2.50 will be imposed every statement cycle if the balance in the account falls below $100.00 any day of the statement cycle. There is an excess check charge of 25¢ for each check in excess of 10 processed during the statement cycle. These fees are waived for customers age 62 or over. DIRECT DEPOSIT CHECKING: You must deposit $20.00 to open a Direct Deposit Checking Account. After the first two full monthly statement cycles, you must have a direct deposit credited to your account monthly to avoid a $7.50 monthly maintenance fee. HEALTH SAVINGS ACCOUNT (HSA): To be eligible for an HSA you must be enrolled in a high deductible insurance plan and not enrolled in Medicare. NOW ACCOUNT: A maintenance fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the statement cycle. Interest is compounded and credited monthly. If the account is closed before interest is credited, accrued interest will not be paid. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). There is an excess check charge of 10¢ for each check in excess of 25 processed during the statement cycle. MOOSE REWARDS CHECKING: To be eligible for this account, you must receive your statement electronically. You must deposit $10.00 to open this account. To receive the higher interest yields, you must meet the following criteria during the qualifying cycle: receive one direct deposit or ACH auto debit, make 10 debit card transactions that post and clear, and access online banking. Interest is compounded and credited monthly. If the account is closed before interest is credited, accrued interest will not be paid. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). NOT-FOR-PROFIT NOW ACCOUNT: You must be a 501C-3, 501C-4, or 501C-6 organization to be eligible for this account. You must deposit at least $100 to open this account. There is no maintenance fee imposed. There is an excess check charge of 10 cents for each check in excess of 25 processed during the statement cycle. A credit up to $25 will be applied to your account for your first order of checks ordered through First Colebrook Bank. BUSINESS CHECKING ACCOUNTS E-Z BUSINESS: There is no monthly minimum balance requirement or monthly maintenance fee. First 25 debits processed free, $.50 per debit over 25. You must deposit at least $100.00 to open this account. Free On-Line Banking, Billpay, and debit cards. Electronic statements are a requirement of this account. A $6.00 monthly paper statement fee will be assessed if opting out of electronic statements. BUSINESS CHECKING PLUS: A minimum monthly average ledger balance of $1,000.00 must be maintained to avoid a $6.00 monthly maintenance fee. First 100 debits processed free, $.50 per debit over 100. You must deposit at least $100.00 to open this account. Free On-Line Banking, Billpay, and debit cards. Electronic statements are a requirement of this account. A $6.00 monthly paper statement fee will be assessed if opting out of electronic statements. ACCOUNT ANALYSIS: An earnings credit will be applied monthly to offset the following service charges:
Please see the "Fee Schedule" and/or service agreements you have entered into for further charges which may be applied to this account. The monthly earnings credit rate is 0.50% calculated on the average monthly collected balance. The rate may change at any time. If fees exceed the earnings credit the shortage is charged as a monthly service charge. If the earnings credit exceeds the fees, the excess may be carried over to offset future service fees. NEGATIVE AVERAGE COLLECTED BALANCE: A $10.00 fee will be assessed to all business accounts that have a negative average collected balance for the month. STATEMENT & PASSBOOK SAVINGS: A maintenance fee of $1.00 will be imposed every statement cycle if the balance in the account falls below $100.00 any day of the month. Interest is compounded and credited monthly. If the account is closed before interest is credited, accrued interest will be paid. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). The depositor is limited to no more than 6 transfers, withdrawals or combinations thereof per statement cycle. Transfers and withdrawals include: preauthorized transfers to accounts through fax transmission, online or telephone banking, checks, debit card transactions, and Automated Clearing House (ACH) transactions. BULL MOOSE MONEY MARKET: There is no maintenance fee on this account. A minimum balance of $10,000.00 is required to earn interest. If the balance in the account falls below $10,000.00 any day of the statement cycle, interest will not be paid for that cycle. If the account is closed before interest is credited, accrued interest will be paid, unless the balance in the account fell below the $10,000.00 required balance any day of the month. Interest is compounded and credited monthly. Interest begins to accrue no later than the business day we receive credit of non-cash items (for example, checks). The depositor is limited to no more than 6 transfers, withdrawals or combinations thereof per statement cycle. Transfers and withdrawals include: preauthorized transfers to accounts through fax transmission, online or telephone banking, checks, debit card transactions, and Automated Clearing House (ACH) transactions. A fee of $10.00 will be imposed for each excess debit. Violation of limitations may cause the account to be transferred to a transaction account. We reserve the right, at any time, to require no fewer than 7 days notice in writing before any withdrawal from an interest-bearing account. |
