Moody National Bank offers a full range of deposit services for
corporations. In addition to basic check processing and reconciliation, we also
offer zero balance sweep accounts, check imaging and electronic tax filing
services.
Checks Written/Debit Card transactions are limited to 100 debit items per month free.
There will be a $.50 per item fee for all debit transactions over 100.
Minimum balance to open:
You must deposit $100.00 to open this account.
Free monthly statements with check images
Free Moody online internet banking (not including Bill Pay $25.00 per month)
Your interest rate and annual
percentage yield may change.
Frequency of Rate
Change:
We may change
the interest rate on your account at any
time.
Determination of rate:
At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency:
Interest will be compounded and credited to your account monthly.
Minimum balance to open the account:
You must deposit $10,000.00 to open this account.
Minimum balance to avoid imposition of fees:
A service charge fee of $12.50 will be imposed each month if the balance in the account falls below $10,000.00 any day during the monthly statement cycle.
Minimum balance to obtain the annual percentage yield disclosed:
You must maintain a minimum daily balance of $10,000.00 or above to maintain the disclosed annual percentage yield.
Daily balance method:
We use the daily balance method to calculate the interest on your account. This method applies a periodic interest rate to the daily balance in the account for each day of the period that the account balance maintained is $10,000.00 or above. The period we use is the monthly statement cycle.
Accrual of interest on noncash deposits:
Interest begins to accrue no later than the business day you deposit noncash items (for example, checks).
Fees:
A per item fee of $.12 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account). This fee will apply if the balance in the account falls below $10,000.00 any day during the monthly statement cycle. Other fees may apply - see Commercial Fee Schedule.
Commercial Century II Checking Account
Rate
Information:
Your interest rate and annual
percentage yield may change.
Frequency of Rate
Change:
We may change
the interest rate on your account at any
time.
Determination of rate:
At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency:
Interest will be compounded and credited to your account monthly.
Minimum balance to open the account:
You must deposit $25,000.00 to open this account.
Minimum balance to avoid imposition of fees:
A service charge fee of $25.00 will be imposed every month if the balance in the account falls below $25,000.00 any day during the monthly statement cycle.
Minimum balance to obtain the annual percentage yield disclosed:
No minimum balance is required to obtain the disclosed annual percentage yield.
Average daily balance computation method:
We use the average daily balance computation method to calculate the interest on your account. This method applies a periodic interest 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 monthly statement cycle.
Accrual of interest on noncash deposits:
Interest begins to accrue no later than the business day you deposit noncash items (for example, checks).
Additional Account Features:
Traveler's checks are issued free of charge
First year's rental on one safety deposit box discounted 50% (subject to availability.)
Your interest rate and annual
percentage yield may change. The tiered rate structure is based on the average daily balance in the account as follows:
$0 - 24,999
$25,000 - 49,999
$50,000 - 99,999
$100,000 - 999,999
$1,000,000 or more
Frequency of Rate
Change:
We may change
the interest rate on your account at any
time.
Determination of rate:
At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency:
Interest will be compounded and credited to your account monthly.
Minimum balance to open the account:
You must deposit $2,500.00 to open this account.
Minimum balance to avoid imposition of fees:
A service charge fee of $10.00 will be imposed every month if the balance in the account falls below $2,500.00 any day during the monthly statement cycle.
Minimum balance to obtain the annual percentage yield disclosed:
You must maintain a minimum average daily balance based on the tiered rate structure to obtain the disclosed annual percentage yield.
Average daily balance computation method:
We use the average daily balance computation method to calculate the interest on your account. This method applies a periodic interest 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 monthly statement cycle.
Accrual of interest on noncash deposits:
Interest begins to accrue no later than the business day you deposit noncash items (for example, checks).
Transaction limitations:
Transfers and withdrawals from a Commercial Money Market account to another account or to a third party by pre authorized, automatic, computer or telephone transfer, or by check, draft, debit card or similar order, are limited to six per monthly statement cycle. Transactions in excess of six during the monthly statement cycle will be returned, reversed or otherwise prohibited from occurrence.
Fees:
A per
item fee of $10.00 will be charged for each returned debit in excess of six during the monthly statement cycle. Other fees may apply - see Commercial Fee Schedule.
Commercial Century II Money Market Account
Rate
Information:
Your interest rate and annual
percentage yield may change.
Frequency of Rate
Change:
We may change
the interest rate on your account at any
time.
Determination of rate:
At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency:
Interest will be compounded and credited to your account monthly.
Minimum balance to open the account:
You must deposit $100,000.00 to open this account.
Minimum balance to avoid imposition of fees:
A service charge fee of $25.00 will be imposed every month if the balance in the account falls below $100,000.00 any day during the monthly statement cycle.
Minimum balance to obtain the annual percentage yield disclosed:
No minimum balance required to obtain the disclosed annual percentage yield.
Average daily balance computation method:
We use the average daily balance computation method to calculate the interest on your account. This method applies a periodic interest 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 monthly statement cycle.
Accrual of interest on noncash deposits:
Interest begins to accrue no later than the business day you deposit noncash items (for example, checks)..
Transaction limitations:
Transfers and withdrawals from a Commercial Century II Money Market account to another account or to a third party by pre authorized, automatic, computer or telephone transfer, or by check, draft, debit card or similar order, are limited to six per monthly statement cycle. Transactions in excess of six during the monthly statement cycle will be returned, reversed or otherwise prohibited from occurrence.
Fees:
A per
item fee of $10.00 will be charged for each returned debit in excess of six during the monthly statement cycle. Other fees may apply - see Commercial Fee Schedule.
Commercial Savings Account
Rate
Information:
Your interest rate and annual
percentage yield may change.
Frequency of rate
change:
We may change
the interest rate on your account at any
time.
Determination of rate:
At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency:
Interest will be compounded and credited to your account monthly.
Minimum balance to open the account:
You must deposit $250.00 to open this account.
Minimum balance to avoid imposition of fees:
A service charge fee of $25.00 will be imposed every month if the balance in the account falls below $50,000.00 any day during the monthly statement cycle.
Minimum balance to obtain the annual percentage yield disclosed:
No minimum balance required to obtain the disclosed annual percentage yield.
Average daily balance computation method:
We use the average daily balance computation method to calculate the interest on your account. This method applies a periodic interest 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 monthly statement cycle.
Accrual of interest on noncash deposits:
Interest begins to accrue no later than the business day you deposit noncash items (for example, checks).
Transaction limitations:
Transfers and withdrawals from a Commercial Savings account to another account or to a third party by pre authorized, automatic, computer or telephone transfer, or by check, draft, debit card or similar order, are limited to six per monthly statement cycle. Transactions in excess of six during the monthly statement cycle will be returned, reversed or other wise prohibited from occurrence.
Fees:
A per
item fee of $10.00 will be charged for each returned debit in excess of six during the monthly statement cycle. Other fees may apply - see Commercial Fee Schedule.
Commercial Century II Savings Account
Rate
Information:
Your interest rate and annual
percentage yield may change.
Frequency of rate
change:
We may change
the interest rate on your account at any
time.
Determination of rate:
At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency:
Interest will be compounded and credited to your account monthly.
Minimum balance to open the account:
You must deposit $50,000.00 to open this account.
Minimum balance to avoid imposition of fees:
A service charge fee of $25.00 will be imposed every month if the balance in the account falls below $50,000.00 any day during the monthly statement cycle.
Minimum balance to obtain the annual percentage yield disclosed:
No minimum balance required to obtain the disclosed annual percentage yield.
Average daily balance computation method:
We use the average daily balance computation method to calculate the interest on your account. This method applies a periodic interest 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 monthly statement cycle.
Accrual of interest on noncash deposits:
Interest begins to accrue no later than the business day you deposit noncash items (for example, checks).
Transaction limitations:
Transfers and withdrawals from a Commercial Century II Savings account to another account or to a third party by pre authorized, automatic, computer or telephone transfer, or by check, draft, debit card or similar order, are limited to six per monthly statement cycle. Transactions in excess of six during the monthly statement cycle will be returned, reversed or other wise prohibited from occurrence.
Fees:
A per
item fee of $10.00 will be charged for each returned debit in excess of six during the monthly statement cycle. Other fees may apply - see Commercial Fee Schedule.
Additional Services:
Night Deposit Services
Coin & Currency Processing
Account Reconciliation
Zero Balance Sweep Accounts
Wire Transfers
Merchant Services (MC/Visa)
