Disclosures

 

TRUTH-IN-SAVINGS DISCLOSURE

GRAND CENTRAL ACCOUNT

Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credit to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest.

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

Limitations: You must deposit $100 to open this account.

Account Fees: There is a $12.00 Monthly Maintenance Fee is the average daily balance for the statement cycle falls below $1,200.00

Additional Benefits provided with this account include: No fee on Official Checks or Money Orders. A special wallet style check provided with this account free. Any other personal design or style will have a 20% discount.

Additional Terms: CENTRAL BANK AND TRUST CO. RESERVES THE RIGHT TO CLOSE ANY ACCOUNT WITHOUT PRIOR NOTICE IF THE ACCOUNT BECOMES OVERDRAWN WITHIN THE FIRST THIRTY (30) DAYS AFTER ACCOUNT OPENING.

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.

PRIME TIME CLUB ACCOUNT
(Age 50 or above)

Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest.

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

Limitations: You must deposit $100 to open this account.

Account Fees: There is a $10.00 Monthly Maintenance Fee if the account balance drops below $100 on any day during the statement month.

Additional Benefits Provided with this Account Include: No fee on Official Checks or Money Orders. A special wallet style check is provided with this account free. Any other personal check design or style receives a 20% discount. A 3 x 5 Safe Deposit Box free for one year.

Additional Terms: CENTRAL BANK AND TRUST CO. RESERVES THE RIGHT TO CLOSE ANY ACCOUNT WITHOUT PRIOR NOTICE IF THE ACCOUNT BECOMES OVERDRAWN WITHIN THE FIRST THIRTY (30) DAYS AFTER ACCOUNT OPENING.

CENTRAL CLUB ACCOUNT

Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest.

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

Limitations: You must deposit $100 to open this account.

Account Fees: There is a $6.00 Membership Charge per month.

Additional Benefits provided with this account include: No fee on Official Checks or Money Orders. A special wallet style check is provided with this account free. Any other personal check design or style receives a 20% discount. A 3 x 5 Safe Deposit Box free for one year (new rentals only).

Additional Terms: CENTRAL BANK AND TRUST CO. RESERVES THE RIGHT TO CLOSE ANY ACCOUNT WITHOUT PRIOR NOTICE IF THE ACCOUNT BECOMES OVERDRAWN WITHIN THE FIRST THIRTY (30) DAYS AFTER ACCOUNT OPENING.

FREE CHECKING ACCOUNT

Limitations: You must deposit $100 to open this account.

Account Fees: The following fee applies to this account: Free Checking: No Maintenance Fees.

Additional Terms: CENTRAL BANK AND TRUST CO. RESERVES THE RIGHT TO CLOSE ANY ACCOUNT WITHOUT PRIOR NOTICE IF THE ACCOUNT BECOMES OVERDRAWN WITHIN THE FIRST THIRTY (30) DAYS AFTER ACCOUNT OPENING.

CENTRAL SAVINGS ACCOUNT

Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded quarterly and will be credited to the account quarterly. If the account is closed before interest is credited, you will not receive the accrued interest.

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

Limitations: You must deposit $100.00 to open this account. You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (included data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

Account Fees: The following fee applies to this account: Central Savings: $3.00 Monthly Maintenance Fee if balance falls below $50.00 on any day in the month.

Excess Withdrawal Fee: We allow 3 free withdrawals per month, $1.00 per withdrawal fee will be assessed after 3.

Additional Terms: The following additional terms apply to this account: On a minor’s savings account, the maintenance fee will be waived until the minor’s 18th birthday.

CENTRAL BANK AND TRUST CO. RESERVES THE RIGHT TO CLOSE ANY ACCOUNT WITHOUT PRIOR NOTICE IF THE ACCOUNT BECOMES OVERDRAWN WITHIN THE FIRST THIRTY (30) DAYS AFTER ACCOUNT OPENING.

MARKETIER ACCOUNT - PERSONAL

Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on this account at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest.

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

Limitations: You must deposit $2,500 to open this account. You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

Account Fees: There is a $15.00 Monthly Maintenance Fee if your balance falls below $2,500 on any day during the statement month.

Excessive Non-Qualifying Transactions: A $10.00 per item fee will be imposed for any excessive non-qualifying transactions.
Non-qualifying transactions include any transaction other than ATM or in person above the six (6) withdrawals or transfers allowed per statement cycle.

Additional Terms: CENTRAL BANK AND TRUST CO. RESERVES THE RIGHT TO CLOSE ANY ACCOUNT WITHOUT PRIOR NOTICE IF THE ACCOUNT BECOMES OVERDRAWN WITHIN THE FIRST THIRTY (30) DAYS AFTER ACCOUNT OPENING.

HEALTH SAVINGS ACCOUNT

Rate Information: This Account is an interest bearing account. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest.

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.

Limitations: You must deposit $100 to open this account.

Account Fees: If your balance falls below $2,500.00 on any day in the month, your account will be subject to a $3.00 Monthly Maintenance Fee.

Five withdrawals are allowed from this account per statement month with no fees. Additional withdrawals will be charged a $3 fee per withdrawal.

NO OVERDRAFTS WILL BE PAID ON THIS ACCOUNT