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Moody National Bank offers several types of
checking accounts designed to meet your individual
needs. From the CHEX+ account to Economy
Checking, Moody has a product geared for the
level of balances or check writing activity your
life-style demands.
Century Two Checking
Approaching our second century with an insured free checking account
that pays you a premium rate of interest on your hard-earned money.
| 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 not be compounded. Interest will be credited to your account every month. |
| 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 if the balance in the account falls below $25,000 any day of the term. |
| Minimum Balance to Obtain the Annual Percentage Yield Disclosed |
You must maintain a minimum average Daily ledger balance of $25,000 to obtain the disclosed annual percentage yield. The average daily ledger 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. |
| Average Collected Balance Computation Method: |
We use the average collected balance method to calculate the interest on your account. This method applies a periodic rate to the average collected balance in the account for the period. The average collected 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 we receive credit for the deposit of noncash items (for example, checks). |
| Additional Account Features: |
- Free Special Century Two Account Checks
- Travelers checks are issued free of charge
- First year's rental on one safe deposit box discounted 50% (subject to availability)
- Free ATM/Debit Card (for personal accounts only)
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Century II Money Market
| Rate Information: |
Your interest rate and annual percentage yield can change. |
| Frequency of Rate Changes: |
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 if the daily balance in the account falls below $100,000.00 any day of the term. Interest will not be paid if the daily balance in the account falls below $100,000.00 any day of the period. |
| Minimum Balance to Obtain the Annual Percentage Yield Disclosed: |
You must maintain a minimum daily balance of $100,000.00 to obtain the disclosed annual percentage yield. The daily balance is calculated by adding the principal in the account for each day and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle. |
| Daily balance computation method: |
We use the daily balance computation method to calculate the interest on your account. This method applies a periodic rate to the daily balance in the account for the period. The daily balance is calculated by adding the principal in the account for each day 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 we receive credit for the deposit of noncash items. (for example, checks) |
| Transaction Limitations: |
Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, computer 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. |
| Fees: |
A per item fee of $15.00 will be charged for each debit in excess of six during a statement cycle. |
CHEX+
Checking
A NOW account that works like a regular checking
account in addition to paying interest to you as the
depositor. It requires higher opening and balance
levels that Regular Checking.
| Rate
Information: |
Your interest rate and annual
percentage yield may change. |
| Frequency of Rate
Change: |
At our discretion, we may change
the interest rate on your account at any
time. |
| Compounding and
Crediting Frequency: |
Interest will be compounded
every month. Interest will be credited to
your account every month. |
| Minimum balance to open
the account: |
You must
deposit $1,500.00 to open this account. |
| Minimum Balance to Avoid
Imposition of Fees: |
A service charge fee of $10.00
will be imposed each monthly statement
cycle if the average collected balance for
the monthly statement cycle falls below
$1,500.00. The average collected 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. |
| Average Collected Balance
Computation Method: |
We use the average collected balance
method to calculate the interest on your
account. This method applies a periodic
rate to the average collected balance in the
account for the period. The average collected
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 we receive
credit for the deposit of 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
your average collected balance falls below
$1,500.00 during the monthly statement
cycle. |
Moody Advantage Account
A special checking account which earns interest
and may be ideal for you if you have more than one
deposit account relationship with the bank and would
like to have them viewed as one for interest rate and
service charge credit advantage.
| 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
every month. Interest will be credited to
your account every month. |
| Minimum balance to open
the account: |
You must deposit $2,500.00 total
in the combined accounts. |
| Minimum Balance to Avoid
Imposition of Fees: |
A service
charge fee of $15.00 will be imposed
every statement cycle unless you maintain
a minimum average collected combined balance
of $4,000.00 in this account and one
other Checking or Savings account during
the monthly statement cycle. The average
collected 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. |
| Minimum Balance to
Obtain the Annual Percentage Yield
Disclosed: |
You must maintain a minimum
average collected balance of $1,500.00 to
obtain the disclosed annual percentage
yield. The average collected 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 |
| Average Collected Balance
Computation Method: |
We use the average collected balance
method to calculate the interest on your
account. This method applies a periodic
rate to the average collected balance in the
account for the period. The average collected
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 we receive
credit for the deposit of noncash items
(for example, checks). |
| Additional Account
Features: |
- Special Advantage
checks (limited to 200 checks per
order) are free
- Traveler's checks
are issued free of charge
- First year's
annual fee for one approved
regular MasterCard or Visa (only
credit cards designated by the
bank qualify)
- First year's
rental on one safe deposit box
discounted 50% (subject to
availability)
- Reduced rate on
auto and truck loans upon credit
approval
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Regular
Checking
| Minimum balance to open
the account: |
No minimum deposit to open. |
| Minimum Balance to Avoid
Imposition of Fees: |
No minimum balance required. |
| Fees: |
No monthly service charge. Other fees may apply. |
Economy Checking
This is the ideal checking account for people who
write only a few checks each month. It requires no
minimum opening balance, has a low monthly service
charge, and allows 10 checks to be written per month
without any clearing charges.
| Fees: |
A service
charge fee of $3.00 will be charged each
statement cycle. A per item fee of $.50
will be charged for each debit in excess
of ten during a statement cycle. |
New Service
Overdraft Protection Sweep
Your checking account can be linked to your
savings account or another checking account to insure
your checks are covered with sufficient funds for
payment. Contact your nearest Branch for more
details.
Link to Rates
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