
Personal Banking —Savings
Your first step in a program of regular savings begins when you open an account with Rosemount National Bank.
All personal savings accounts are handled as follows:
- Interest is calculated on the daily collected balance method. This method applies a daily periodic rate to the outstanding collected balance in the account each day.
- Interest begins to accrue on the business day noncash items (i.e. checks) are collected.
- Your interest rate and annual percentage yield may change on your account at any time at our discretion.You may make no more than six withdrawals and/or transfers, including preauthorized automatic, or telephone transfers, to another account of yours at the bank or to a third party per statement cycle.
Additional Disclosures