 |
| Korean | Chinese |
| REGULAR STATEMENT SAVINGS ACCOUNT |
- Minimum amount to open the account $100
- Quarterly account maintenance fee $2 (To avoid quarterly maintenance fee, maintain a minimum daily balance of $200)
- Interest Paid- Yes
- Rate Information: Your interest rate and annual percentage yield may change
- Frequency of rate changes: We may change the interest rate on your account at anytime
- Determination of rate: At our discretion, we may change the interest rate on your account.
- Compounding and crediting frequency: Interest will be compounded daily. Interest will be credited to your account quarterly.
- Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks)
- If you close your account before interest is credited, you will not receive the accrued interest
- Account closing fee $25, if closed within 181 days of opening
- Transaction limitations:
- Transfers from a Regular Statement Savings account to another account or by preauthorized, automatic, or telephone transfers are limited to 6 per month. Three of these transfers may be made by check, draft, debit card, or similar order to third parties.
- Fees: An excess withdrawal fee of $2.00 will be charged for each withdrawal in excess of 9 during a quarterly statement cycle. For additional fees, see Miscellaneous Fees and Charges.
- Interest Rate: Please contact Customer Service for current rates.
|
 |
| MINOR SAVINGS |
| (Must be Minor Age) |
- Minimum amount to open the account $50
- Quarterly account maintenance fee $0.00
- Rate Information: Your interest rate and annual percentage yield may change
- Frequency of rate changes: We may change the interest rate on your account at anytime
- Determination of rate: At our discretion, we may change the interest rate on your account
- Compounding and crediting frequency: Interest will be compounded daily. Interest will be credited to your account quarterly.
- Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks)
- Account closing $25, if closed within 181 days of opening
- If you close your account before interest is credited, you will not receive the accrued interest
- Interest Rate: Please contact Customer Service for current rates.
|
|
| TREASURE SAVINGS |
- Minimum amount to open the account $50
- Free of maintenance fees or service charges
- Eligibility- Cren under 18. Must be jointly opened with parent or guardian
- Rate Determng and crediting frequency- interest will be compounded daily. Interest will be credited to your account quarterly.
- Effect of closing an account- if you close your account before interest is credited, you will not receive the account interest
- Daily balance computation method- we use the daily balance method applies a daily to the principal in the account each day
- Accrual of interest on Non-cash Deposits- interest begins to accrue on the business day you deposit non cash items
- Transaction limitation- transfers from a children’s savings account to another account or to the third parties by preauthorized, automatic, telephone transfers are limited to six per month with no more than three by debit card or similar order to third parties
- Other limitation- Primary account holder should be an adult’s signature if the child reaches age of 18 with a new contact be converted to the regular savings account.
- Account closing fee $25, if closed within 181 days of opening
|
|
| CHEERS CLUB SAVINGS ACCOUNT |
- You deposit a fixed amount every month, for a pre- determined period of time (1 year thru 5 years) into your Cheers Club Account. When your cheers club account reaches maturity, your combined principal and interest balance will approximate your desired maturity value. Failure to make deposits on the due date will reduce matured value.
- Minimum balance to open this account: You must deposit the first months fixed deposit amount
- The interest rate and Annual Percentage Yield will not change for the term of the account.
- Compounding and crediting frequency: Interest will be compounded daily. Interest will be credited to your account quarterly
- Minimum balance to obtain the annual percentage yield disclosed: You must make regularly scheduled monthly deposits to obtain the disclosed APY (Annual Percentage Yield)
- Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks)
- Transaction limitations:
- You may not make any transfers from this account to another account of yours or to third parties by preauthorized, automatic, or telephone transfers or similar order to third parties. If any withdrawal is made from this account, this account will be closed
- Penalty for early withdrawal: 30 days interest if less than 6 months term, 90 days interest if greater than 6 months term.
- Interest Rate:Please contact Customer Service for current rates.
|
|
| PERSONAL MONEY MARKET ACCOUNT |
- Minimum amount to open the account $100
- Monthly account maintenance fee $8 (To avoid monthly maintenance fee, maintain a minimum balance of $1,000)
- Interest Paid- Yes
- Rate Information: Your interest rate and annual percentage yield may change
- Frequency of rate changes: We may change the interest rate on your account at anytime
- Determination of rate: At our discretion, we may change the interest rate on your account
- Compounding and crediting frequency: Interest will be compounded daily. Interest will be credited to your account every month.
- Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
- Rate Information: Your interest rate and annual percentage yield may change
- Accrual of interest on Non-cash Deposits: Interest begins to accrue on the business day you deposit non cash items (For example, checks)
- If you close your account before interest is credited, you will not receive the accrued interest.
- Account closing fee $25, if closed within 181 days of opening
- Transaction limitations:
- Transfers from a Personal Money Market account to another account or to third parties by preauthorized, automatic, or telephone transfers are limited to 6 per statement cycle with no more than three by checks, draft, or similar order to third parties.
- Fees: An excess withdrawal fee of $4.00 will be charged for each check if the above transaction limitations are exceeded for each transaction. If there are continued transactions in excess of the above limits we will contact you to either close the account or place the funds in a transaction account you are eligible to maintain.
- Minimum balance to obtain the annual percentage yield disclosed: Tiered rates based on balance.
- For additional fees, see Miscellaneous Fees and Charges.
- Interest Rate: Please contact Customer Service for current rates.
|
|
| REGULAR BUSINESS SAVINGS ACCOUNT |
- This account is not a consumer account subject to Truth in Savings
- Minimum amount to open the account $100
- Monthly account maintenance fee $3 (To avoid monthly maintenance fee, maintain a minimum monthly balance of $500)
- Interest Paid-Yes
- Rate Information: Your interest rate and annual percentage yield may change
- Frequency of rate changes: We may change the interest rate on your account at anytime
- Determination of rate: At our discretion, we may change the interest rate on your account
- Compounding and crediting frequency: Interest will be compounded daily. Interest will be credited to your account quarterly.
- Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks)
- If you close your account before interest is credited, you will not receive the accrued interest
- Accounting closing fee $25, if closed within 181 days of opening
- Transaction limitations:
- Transfers from this account to another account or to third parties by preauthorized, automatic, or telephone transfers are limited to six per month with no transfers by check, draft, debit card, or similar order to third parties.
- Fees: An excess withdrawal fee of $2.00 will be charged for each withdrawal in excess of three during a monthly cycle
- For additional fees, see Miscellaneous Fees and Charges
- Interest Rate: Please contact Customer Service for current rates.
|
|
| BUSINESS MONEY MARKET ACCOUNT |
- This account is not a consumer account subject to Truth in Savings
- Minimum amount to open the account $100
- Monthly account maintenance fee $8 (To avoid monthly maintenance fee, maintain a minimum balance of $2,000)
- Interest Paid-Yes
- Rate Information: Your interest rate and annual percentage yield may change
- Frequency of rate changes: We may change the interest rate on your account at anytime
- Determination of rate: At our discretion, we may change the interest rate on your account
- Compounding and crediting frequency: Interest will be compounded daily. Interest will be credited to your account every month.
- Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
- If you close your account before interest is credited, you will not receive the accrued interest
- Accounting closing fee $25, if closed within 181 days of opening
- Accrual of interest on non-cash deposits: Interest begins to accrue no later that the business day we receive credit for the deposit of non-cash items (For example, checks)
- Transaction limitations:
- Transfers from a Personal Money Market account to another account or to third parties by preauthorized, automatic, or telephone transfers are limited to 6 per statement cycle with no more than three by checks, draft, or similar order to third parties.
- Fees: Limits of monthly withdrawals are 3 checks
- Over limit on debit transactions is $4.00
- For additional fees, see Miscellaneous Fees and Charges
- Minimum balance to obtain the annual percentage yield disclosed: Tiered rates based on balance
- Interest Rate: Please contact Customer Service for current rates.
|
|
| CERTIFICATE OF DEPOSIT |
- Minimum amount to open the account $500
- This account is an interest- bearing account. The interest rate and annual percentage yield will not change for the term of the account
- Compounding frequency- interest will be compounded every day
- Crediting frequency- Interest will be credited to your account at maturity
- Interest begins to accrue on the business day you deposit non-cash items (for example, checks)
- Automatic renewable at maturity up to $95,000.00
- Interest Rate: Please contact Customer Service for current rates.
- Limitations:
- You may not make additional deposits into this account
- You may not make withdrawals from your account until the maturity date
- Early withdrawal penalty: withdraw any of the principal before the maturity date, we may impose a penalty of 30 days interest under 6 months term, 90 days interest over 6 months term.
- Grace period: 10 days after the maturity date.
|
|
| IRA SAVINGS |
- Opening deposit of $1,000.00
- Interest compounded daily, paid quarterly
- Quarterly statement
- Short term holding or accumulation account until customer determines final Investment
|
|
| REGULAR IRA |
- Contributions may be tax deductible- depends on your participation in a qualified retirement plan and on your adjusted gross income
- No IRS penalty for distributions on death, disability, or first time home buyer
- IRS regulation restricts annual deposits to
- $4,000.00 per individual 50 years old or younger; or
- $4,500.00 per individual over 50 years old
|
|
| ROTH IRA |
- Contributions may continue after age 70 ½ as long as you have earned income
- Plus, earning is tax-free after five tax years if you are age 59 ½ or older if you are a first-time homebuyer
- No penalty upon death or disability
|
|
| EDUCATION IRA |
- Distributions are tax-free if taken as needed for qualified higher education expenses before the student reaches age 30
- Student can also contribute to his or her own IRA
- Earnings grow tax free
- Contributions up to $2,000.00 for each designated student
|
| |
|
|
|
