ACCOUNT INTEREST:
HOME ADVANTAGE CHECKING ACCOUNT, HOME
STAR CHECKING ACCOUNT,
HOME MORTGAGE ACCOUNT (Checking), HOME CLUB ACCOUNT
& HSA CHECKING ACCOUNTS: The interest rate will be determined by Home
Federal Savings and Loan Association. At its discretion, Home Federal may change the
interest rate on your account at any time. The daily balance method will be used to
calculate the interest on your account and interest begins to accrue on the second day
after the banking day of deposit. This method applies a daily periodic rate to the
principal in the account at the end of each day. Interest will be compounded and paid
monthly on the cycle date. If the account is closed out during a monthly period, interest
will be paid to the date at the time of closing.
There are no restrictions on the
frequency or method of deposits and there are no restrictions on the frequency or method
of withdrawals made by mail or in person. Automated Teller Machine withdrawals are limited
to a maximum of $400.00 per account per day.
There is no minimum deposit
required to open a Home Mortgage Account (Checking) or HSA Checking
Account. The minimum deposit required to open a
Home Club Account or a Home Advantage Account is $100.00. The minimum deposit required to open a
HomeStar Checking Account is $25,000. There is no minimum required to earn the Annual Percentage
Yield (APY) on Home Star Checking Accounts, Home Club
Accounts, or HSA Checking Accounts. The
minimum required to earn the Annual Percentage Yield (APY) on the Home
Mortgage Account or Home Advantage Accounts is $1,000. See
Health Savings
Account description for qualifications and further information.
Refer to the Fee Schedule for account charges.
HOME FREE CHECKING ACCOUNT: No interest will be paid on this
account. There are no restrictions on the frequency or method of deposits and there are no
restrictions on the frequency or method of withdrawals made by mail or in person.
Automated Teller Machine withdrawals are limited to a maximum of $400.00 per account per
day. The minimum deposit required to open a Home Free
Checking Account is $100.00.
Refer to the Fee Schedule for account charges.
MONEY MARKET FUND ACCOUNT:
The interest rate will be determined by Home Federal Savings & Loan
Association. At its discretion, Home Federal may change the interest
rate on your account at any time. The daily balance method will be used
to calculate the interest on your account and interest begins to accrue
on the second day after the banking day of deposit. This method applies
a daily periodic rate to the principal in the account at the end of each
day. Interest will be compounded and paid monthly on the cycle date. If
the account is closed out during a monthly period, interest will be paid
to date at the time of closing. There are no restrictions on the
frequency or method of deposits and there are no restrictions on the
frequency or method withdrawals made by mail or in person. Automated
Teller Machine withdrawals are limited to a maximum of $400.00 per
account per day. Withdrawals made by telephone, automatic/pre-authorized
transfer or check are limited by law to six per monthly cycle.
Withdrawals in excess of these
limits will be assessed a fee which is outlined in the Fee Schedule.
If excess withdrawals continue, the account will be converted to a Home
Advantage Account
(Checking). The minimum deposit required to open a Money Market Fund Account is
$1,000.00 and there is no minimum required to earn the Annual Percentage Yield (APY).
Refer to the Fee Schedule for account charges.
STUDENT CHECKING ACCOUNT, YOUTH
ACCOUNT AND KIDS KLUB ACCOUNT: (NOTE:
Student Checking Accounts are available to High
School and College Students age 23 and under. Youth Accounts are available to
youth age 16 and under and Kids Klub Accounts are available to youth age 12 and under.)
The interest rate will be determined by Home Federal Savings & Loan Association. At
its discretion, Home Federal may change the interest rate on your account at any time. The
daily balance method will be used to calculate the interest on your account and interest
begins to accrue on the second day after the banking day of deposit. This method
applies a daily periodic rate to the principal in the account at the end of each day.
Interest will be compounded and paid quarterly on March 31, June 30, September 30 and
December 31. If the account is closed out during a quarterly period, interest will be paid
to date at the time of closing. There are no restrictions on the frequency or method of
deposits and there are no restrictions on the frequency or method of withdrawals made by
mail or in person. Automated Teller Machine withdrawals are limited to a maximum of
$400.00 per account per day. There is a $25 minimum
deposit required to open a Student Checking Account, and no minimum deposit required to open a Youth Account
or Kids Klub Account. Refer to the Fee Schedule for account charges.
REGULAR SAVINGS ACCOUNTS, PASSCARD SAVINGS ACCOUNTS,
& MORTGAGE RENOVATION ESCROW SAVINGS ACCOUNT: (NOTE: Home Federal no
longer issues Passbook Savings Accounts.) The interest rate will be determined by Home
Federal Savings & Loan Association. At its discretion, Home Federal may change the
interest rate on your account at any time. The daily balance method will be used to
calculate the interest on your account and interest begins to accrue on the second day
after the banking day of deposit. This method applies a daily periodic rate to the
principal in the account at the end of each day. Interest will be compounded and paid
quarterly on March 31, June 30, September 30 and December 31. If the account is closed out
during a quarterly period, interest will be paid to date at the time of closing. There are
no restrictions on the frequency or method of deposits. Home Federal does not issue access
cards for the Automated Teller Machines on Passbook Savings Accounts. Withdrawals are
limited to nine (9) per calendar quarter. Each withdrawal over nine (9) will be assessed a
fee. Refer to the Fee Schedule for charges. Automated Teller Machine withdrawals on
Regular Savings Accounts are limited to a maximum of $400.00 per account per day. The
minimum deposit required to open a Regular Savings Account is $100.00 and there is no
minimum required to earn the Annual Percentage Yield (APY).
FEE SCHEDULE:
HOME ADVANTAGE: $9.00 Maintenance Fee if balance falls below $250.00 (Average
Daily Balance)
during a statement cycle. There is no charge for the first
25 checks per statement. A $.25
Item Fee will be assessed for each check over 25. An Inactive Fee of $2.00 per month will
be assessed once an account has been inactive for one year.
HOME CLUB ACCOUNT: $12.00 Maintenance Fee if balance falls below $250.00 (Average
Daily
Balance) during a statement cycle. An Inactive Account Fee of $2.00 per month will be
assessed once an account has been inactive for one year.
HOME FREE CHECKING ACCOUNT: There is no charge for checks written and no minimum
balance requirement. An Inactive Account Fee of $2.00 per month will be assessed once an
account has been inactive for one year.
HOME MORTGAGE ACCOUNT:
There is no monthly service charge and
no minimum balance.
HOME STAR CHECKING ACCOUNT: $15 Maintenance Fee
if balance falls below $25,000 (Average Daily Balance) during a statement cycle.
An Inactive Fee of $2.00 per month will be assessed once an account has
been inactive for one year.
HSA CHECKING ACCOUNT:
$20.00 initial Set Up Fee. A $10.00 Annual Fee will be assessed on
March 1st of each year. There is no monthly service charge and no
minimum balance.
MONEY MARKET FUND ACCOUNT: $12.00 Maintenance Fee if balance falls below $1,000.00
(Daily Balance) during a statement cycle. A MMDA Excess Transaction Fee of $3.00 per item
will be assessed for items in excess of the limit outlined under Money Market Fund
Accounts above. An Inactive Account Fee of $2.00 per month will be assessed once an
account has been inactive for one year.
BANK@HOME & ONLINE BILL PAY:
FREE--There are no monthly service charges for online
transfers, general inquiries, or the bill payer option.
MORTGAGE RENOVATION ESCROW SAVINGS ACCOUNT: No charges assessed.
REGULAR SAVINGS ACCOUNTS & PASSCARD SAVINGS ACCOUNTS: $6.00 Maintenance Fee
if balance falls below $100.00 (Daily Balance) during a calendar quarter. There is no fee
for the first nine (9) withdrawals made during each calendar quarter. A fee of $1.00 will
be assessed for each withdrawal over nine (9). An Inactive Account Fee of $6.00 per
calendar quarter will be assessed once an account has been inactive for one year.
YOUTH SAVINGS ACCOUNT AND KIDS KLUB SAVINGS ACCOUNT: No charges assessed.
