N.O.W. Account

Sole proprietorships and non-profit organizations can enjoy the convenience of unlimited check writing with the interest-earning capability of a savings account.

• Unlimited transactions, without per check charge
• Minimum balance to avoid imposition of fees - A service charge fee of $10.00 will be imposed each monthly statement cycle if the average daily balance* for the monthly statement cycle falls below $1,000.00
• Earn a competitive rate of interest
• Minimum balance to obtain the APY disclosed - You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed APY
• Minimum deposit to open account - You must deposit $50.00 to open this account.
• Account may receive pre-authorized credits and direct deposits
• Receive a descriptive statement each month that details your deposits, withdrawals, transfers, and interest earned
• 24-hour access to your account via the ATM network or VISA® Checkcard with no transaction fees at Community Bank & Trust Co. machines
• 24-hour access to your account via Klick^sm Internet and InTouch^sm Telephone Banking - check account balances, transfer funds between accounts, and view/hear recent transactions
• Rate Information - Your interest rate and APY may change.
• Frequency of rate changes - We may change the interest rate on your account at any time.
• Determination of rate - At our discretion, we may change the interest rate on your account.
• Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
• Effect of closing an account - If you close your account before interest is credited, you may not receive the accrued interest.
• 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.
• Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

*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.