Rate Information - The First Premium checking interest rate and Annual Percentage Yield is non-tiered. The rate is determined at the Bank’s discretion and changes on a weekly basis. See the Current Interest Rate for more information. The First Plus and First checking accounts are non-interest yielding accounts.
Compounding and Crediting - Interest on the First Premium checking will be compounded daily and credited to your account monthly. The daily computation method is used to calculate interest on your account and applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example, checks). If you close your account before interest is credited you will receive accrued interest.
Minimum Balance to Open Account(s) - The minimum balance to open the First Premium checking account is $1,000.00 and the minimum balance to open the First Plus and First Checking accounts is $100.00.
Minimum Balance to Avoid Imposition of Fees - The First Premium checking account has a service fee of $15.00 that will be imposed every statement cycle if the qualified combined balance in your checking, savings or money market accounts falls below $10,000.
Monthly Service Fee - The First Plus checking has a service charge fee of $6.00 that will be imposed every statement cycle.
Debit Card Usage - Use your debit card on the First Plus checking as a pin based or signature based transaction 10 or more times in a month and the monthly service fee will be reduced to $4.00 every statement cycle. Transactions must be posted within the statement cycle to qualify.
Monthly Statement Fee - A charge of $3.00 per month will be charged on the First Plus and First Checking accounts if you prefer a paper statement. No charge if you sign up for E-Statements.
Return Fee - A return fee, as referenced in the Fee Schedule, is imposed for but not limited to: returned items created by checks and by electronic means such as ACH pre-authorized withdrawals.
Additional Fees and Charges - Refer to the Fee Schedule for additional fees and charges that may apply. Fees may reduce the earnings on your account.
BaZing Membership - This third party membership offers discounts, benefit packages and savings (certain terms, conditions, limitations and exclusions apply). Insurance products are not FDIC insured, not a deposit, not an obligation of or guaranteed by First Savings Bank Northwest, its affiliates, or any government agency.
Rate Information - The First Money Market account’s interest rate and Annual Percentage Yield are tiered according to your balance. The Savings Account interest rate and APY is non-tiered. The rates are determined at the Bank’s discretion and change on a weekly basis. See the Current Interest Rate sheet for more information.
Compounding and Crediting - Interest on the First Money Market account will be compounded daily and credited to your account monthly. Interest on the Savings Account will be compounded daily and paid to your account quarterly. The daily balance method is used to calculate interest on your account and applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example, checks). If you close your account before interest is credited you will receive accrued interest.
Minimum Balance to Open Account(s) - The minimum balance to open the First Money Market account is $1,000.00. The minimum balance to open the Savings Account is $25.00.
Minimum Balance to Obtain the Annual Percentage Yield Disclosed - Refer to the Current Interest Rate sheet for minimum balance requirements applicable for each tier and the minimum balance to earn interest on the savings account.
Minimum Balance to Avoid Imposition of Fees - For the First Money Market Account a service charge fee of $6.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.
Transaction Limitations - Transfers from a money market or savings account to another account or to third parties by preauthorized, automatic, internet, telephone, check or similar order are limited to six per statement cycle. Your account is subject to a fee for each transaction over the limit.
Overdraft Fee per Item - An overdraft fee, as referenced in the Fee Schedule, may be imposed for overdrafts created by checks (for money market accounts) and by electronic means which includes but not limited to ACH pre-authorized withdrawals.
Return Fee - A return fee, as referenced in the Fee Schedule, is imposed for but not limited to: returned items created by checks (for money market accounts) and by electronic means such as ACH pre-authorized withdrawals.
Additional Fees and Charges - Refer to the Fee Schedule for additional fees and charges that may apply. Fees may reduce the earnings on your account.
First Business Checking - This is a non-interest yielding checking account. There is no minimum balance required to keep. No monthly maintenance fees. No transaction fees for the first 500 items each month. A fee of .20 cents will be charged for each item over 500 which include checks paid, withdrawals, deposited items, ACH debits and credits. Additional charges and fees that are not related to maintaining the account may apply
Analyzed Business Checking - This is a non-interest yielding checking account. Account analysis occurs at the end of each month to calculate earned credit. Calculation of earned credit is based on the average daily account balance which will be used to offset the monthly fee assessed. Balance of monthly fee, if any, will be charged at month end. Earned credit expires monthly. Standard fees on fee schedule charged as monthly fees and are not eligible for earned credit reduction. Monthly analysis fee of $8.00 charged as service fee.
First Business Premium Money Market - Variable interest rates are established weekly, compounded daily, and interest is paid at the end of each month. The minimum deposit to open the account is $1,000. There will be a $10.00 service charge when the balance drops below $1,000 any time during the monthly cycle. Limit of 6 transfers to another account or to third parties by preauthorized, automatic, Internet, telephone, check or similar order per statement cycle. However, there are no restrictions on the number of withdrawals that you may personally make in our office. There will be a $15.00 excessive withdrawal charge for going over the transfer limit and a $10.00 transaction fee charge per item over the limit per monthly cycle. There will be a $25.00 early-close charge incurred if account is closed within 90 days of opening. The interest rate may change after the account is opened.
Rate Information - Interest rates and Annual Percentage Yields (APY) may change on a weekly at the discretion of the Bank. Interest rates and Annual Percentage Yields (APY) will become effective as of the day funds are credited to your account and are fixed for the term of your account. Interest rates and Annual Percentage Yields (APY) may change after the account is opened on variable interest rate accounts. Rate will change if Bump Option is exercised on 30 month term. See the current rate sheet for more information.
Compounding and Crediting - Interest will be compounded daily and credited to your account quarterly. The annual percentage yield (APY) assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings. The daily balance method is used to calculate interest on your account and applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example, checks). If you close your account before interest is credited you will receive accrued interest.
Maturity Date: Your maturity date will be determined by the date you open your account and the term you choose. This information will be disclosed in the Truth In Savings disclosure.
Minimum Balance to Open Account(s) - The minimum balance to open a Time Account is $1,000.
Minimum Balance to Obtain the Annual Percentage Yield Disclosed - Refer to the rate sheet for minimum balance requirements applicable for each tier and the minimum balance to earn interest on the savings account.
Time Account Withdrawal Limitations - You may make withdrawals of principal from your account before maturity, however, there will be an early withdrawal penalty. You can withdraw interest credited in the term before maturity of that term without penalty.
Time Account Early Withdrawal Penalty - An early withdrawal penalty will be imposed for withdrawals before maturity. The penalty is figured based on the amount withdrawn and will be equal to 90 days’ simple interest for terms of 12 months or less, 180 days’ simple interest for terms of greater than 12 months but less than 60 months and for a term of 60 months will be 365 days’ simple interest. The penalty will be calculated based on the rate being paid on the account at the time of the early withdrawal from the principal balance.
Renewal Policy - The accounts will automatically renew at maturity and you will have 10 days after the maturity date to withdraw funds without penalty. Your account will not renew if you withdraw the funds on the maturity date or if we receive written notice from you on or before the maturity date of your intention not to renew.
Renewal Terms - The renewal term will be the same as the original term, except for the 13 month and 60 month time accounts. The 13 month time account will renew for 12 months and the 60 month time account will renew for 48 months. Refer to the current rate sheet and your Truth In Savings disclosure for more information.
Renewal Interest Calculation - The interest rate will be the same that we offer on new time accounts on the maturity date for the same term. Minimum balance and other features may be changed at renewal based on the current account features for the same term.
Variable and fixed rate IRA certificates are offered for fixed terms, compounded daily, calculated on a 365/360 day factor, and paid quarterly, with a minimum opening balance of $25. The interest rate and annual percentage yield on the variable rate IRA account may change weekly after the account is opened. The rate is determined by matching the current rate being offered on the 12 month fixed rate IRA certificate. There are no percentage restrictions that the interest rate may change.
The method of calculating interest remains the same as the fixed rate certificate. A statement will be mailed quarterly. The maximum IRA annual fee is $15.00 per IRA plan. Credited interest may be withdrawn at any time without penalty; however, a 90 day (12 month accounts) or 180 days' (24 month or longer accounts) loss of simple interest penalty will apply on early withdrawals from the principal amount, which may reduce earnings (separate IRS early withdrawal penalties may apply, however; please consult a tax advisor). Early withdrawal penalties will not apply for anyone over the age of 59 ½.