Comparison of Terms/Fees/Transaction Limitations*
	Passbook	Statement Savings	Money Market Deposit Account
Minimum Balance Requirement	None	$100	$1,000
Minimum Balance to Open	None	$100	$1,000
Interest Rate/Annual Percentage Yield (APY)	0.25% / 0.25%(APY)	0.30% / 0.30% (APY)	Under $1,000 0.00% / 0.00% (APY)   $1,000 to $9,999.99 .30% / .30% (APY)   $10,000 to $25,000 .35% / .35% (APY)	$25,000.01 to $50,000 .39% / .40% (APY)   $50,000.01 to $75,000 .49% / .50% (APY)   $75,000.01 to $200,000 .59% / .60% (APY)
Interest Compounded	Daily	Daily	Daily
Interest Credited	Quarterly	Monthly	Monthly
Monthly Statement	No	Yes	Yes
Preauthorized Transactions Limits	No preauthorized transfers allowed.	6 Per Month	6 Per Month
ATM/Debit Card	No	Yes	Yes

 

Clay County Savings Bank offers two types of regular savings accounts, a passbook account and a statement savings account, and a special savings accounts for our younger customers called the Kids Adventure Club  No minimum balance is required to open these accounts.  The statement savings account earns a slightly higher rate and yield, but has a $100 minimum balance requirement to avoid fees.  In addition, Clay County Savings Bank offers a Money Market Account, which has limited check writing ability.  The Money Market Account requires a $1,000 minimum balance to avoid a monthly service charge.

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*A $1 service charge applies if the balance falls below the minimum balance at any time during the statement cycle for statement savings accounts and a $10 service charge applies if the balance fall below $1,000 at any time during the statement cycle for money market accounts.  Preauthorized transactions are customer-directed transfer such as for loan payments, insurance, or other electronic funds transfers.  Also includes transfers to another account to cover non-sufficient funds.  A $10 fee will apply per transaction item over the preauthorized limitation.  These limitations are established by federal regulations. Interest rates and annual percentage yields quoted above are as of January 31, 2012 and are subject to change without notice.  Please call Clay County Savings Bank's rate line, 816-407-4099, for current interest rates on deposits.