Personal Products and Services

General Account Disclosures

  • Your interest rate and annual percentage yield may change at any time at our discretion.
  • Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). We will receive credit for checks drawn on other financial institutions based on the general availability schedule established by either the Federal Reserve Bank or its appropriate branch for the district in which we are located.
  • Interest is compounded daily and will be credited monthly.
  • If you close your account before interest is credited, you will receive the accrued interest (except for NOW Checking Accounts).
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected principal balance each day (the collected principal balance is that portion of the balance for which we have received credit).
  • Interest is paid on the collected principal balance at the interest rate that corresponds to that deposit tier.
  • On all Money Market and Savings Accounts, the depositor is permitted to make no more than six transfers per statement cycle to another account or to a third party by means of a preauthorized, automatic, telephone or Internet transfer, or by check, draft, debit card or similar order. Excess transfers will be assessed a $10 fee per occurrence.
  • Premier Money Market is reserved for funds not currently on deposit in an existing Sturdy Savings Bank account. A checking account relationship with Sturdy Savings Bank is required to be eligible to open a Premier Money Market account.
  • The Bank reserves the right to require you to give seven days prior written notice of any intended withdrawal from an interest bearing account other than a time deposit.