"You" and "owner" means the account holder(s) and "we," "us" and the "Bank" means the CountryBank USA. We may change our agreement with you at any time upon prior written notice consistent with any applicable regulatory requirements.
eCountry ONLINE BANKING
CountryBank USA's eCountry Online Banking (Online Banking) service is available to individual and joint owners of CountryFree Checking, CountrySmart Savings, and CountryMarket Accounts as well as other personal accounts that were in existence before the creation of these accounts.
In general, Online Banking is not available to business account holders, except that, at our discretion, we may make Online Banking available to sole proprietorships provided that we have authorization to open the account through a signed authorization and indemnification agreement.
Please refer to our "Online Banking Agreement and Disclosure" and our "Electronic Funds Transfer Act Disclosure" for the features that are available with Online Banking.
Only owners of a personal checking account are eligible for the Bill Payment service of Online Banking. At our discretion we may make Online Banking available to sole proprietorship checking accounts provided that we have authorization to open the account through a signed authorization and indemnification agreement.
There is no charge for Online Banking. Bill Pay is FREE with a CountryFree Check Account and if you pay at least 2 bills per statement cycle. There is a monthly fee of $4.95 if you are enrolled in Bill Pay and don’t use it, or if you pay less than 2 bills per month.
OTHER FEES:
The following special fees apply to Online Banking:
$11.00 per copy
$40.00 per item
$35.00 per item
COUNTRYFREE CHECKING ACCOUNT:
Balance Information: The minimum deposit to open this account is $100.00. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Rate Information: CountryFree Checking is a tiered rate account. You must maintain a minimum daily balance corresponding to the minimum amount of each tier in the account each day to obtain the annual percentage yield corresponding to that tier. The entire balance in the account earns one rate of interest if your daily balance is at least $500.00 but less than $9,999.99; and this account earns another interest rate if your daily balance is at least $10,000.00 but less than $24,999.99; and this account earns another interest rate if your daily balance is at least $25,000.00 or higher. Please see the Rates and Calculators section of our website for CountryFree Checking interest rates and annual percentage yields.
The annual percentage yield assumes that the interest will remain on deposit for one year. The interest rate and annual percentage yield may change at our discretion, 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 is compounded and credited to the account monthly. If you close your account before interest is credited, you will not receive the accrued interest.
Limitations and service charges: A maximum of 30 items may be deposited in a monthly statement period. There will be a per item service charge of $25.00 for NSF's or overdrafts, $15.00 per stop payment and $2.00 per item for returned deposits, except that there will be higher fees for Online Banking transactions as noted above. ATM and VISA Check cards have no annual fee and can be used at no charge at CBUSA ATM's. There will be a $1.00 charge for withdrawals from non-CBUSA owned ATM's. The owner of the ATM may also assess a surcharge. ATM withdrawals are limited to $200.00 per day. You may make no more than $500.00 in point-of-sale transactions per 24 hour period. Prices for checks vary with style. See account terms and conditions or call CountryBank USA at 1-877-258-1348 for more information. Please see the Fees for General Services section of our website for additional fees that may apply to this account.
COUNTRYSMART SAVINGS
Balance Information: The minimum deposit to open this account is $50.00 ($1.00 if under 18 and legal guardian maintains the CountryBank USA account.) We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Rate Information: CountrySmart Savings is a tiered rate account. You must maintain a minimum daily balance corresponding to the minimum amount of each tier in the account each day to obtain the annual percentage yield corresponding to that tier. The entire balance in the account earns one rate of interest if your daily balance is at least $0 but less than $999.99; and this account earns another interest rate if your daily balance is at least $1,000.00 but less than $4,999.99; and this account earns another interest rate if your daily balance is at least $5,000.00 but less than $24,999.99; and this account earns another interest rate if your balance is $25,000.00 or higher. Please see the Rates and Calculators section of our website for CountrySmart Savings Account interest rates and annual percentage yields.
The annual percentage yield assumes that the interest will remain on deposit for one year. The interest rate and annual percentage yield may change at our discretion, 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 is compounded and credited to the account quarterly. If you close your account before interest is credited, you will not receive the accrued interest.
Limitations and service charges: A maximum of 30 items may be deposited in a monthly statement period. You may make up to six (6) transfers per calendar month from your CountrySmart Savings Account by CountryLine telebank, eCountry Online Banking, or preauthorized transfer, but only three (3) may be payments by debit card or similar orders to pay to third parties. If any transaction exceeds any of these limitations the Bank reserves the right to convert your account to a CountryFree Checking account or if you are ineligible to hold such an account, to another account of our discretion. Withdrawals or transfers made in person at the Bank or at an ATM are unlimited.
There will be a per item service charge of $25.00 for NSF's or overdrafts, $15.00 per stop payment and $2.00 per item for returned deposits, except that there will be higher fees for Online Banking transactions as noted above. ATM and VISA Check cards have no annual fee and can be used at no charge at CBUSA ATM's. There will be a $1.00 charge for withdrawals from non-CBUSA owned ATM's. The owner of the ATM may also assess a surcharge. ATM withdrawals are limited to $200.00 per day. You may make no more than $500.00 in point-of-sale transactions per 24 hour period. See account terms and conditions or call CountryBank USA at 1-877-258-1348 for more information. Please see the Fees for General Services section of our website for additional fees that may apply to this account.
COUNTRYMARKET ACCOUNT
Balance Information: The minimum deposit to open this account is $10,000.00. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Rate Information: The CountryMarket Account is a tiered rate account. You must maintain a minimum daily balance corresponding to the minimum amount of each tier in the account each day to obtain the annual percentage yield corresponding to that tier. The entire balance in the account earns one rate of interest if your daily balance is at least $0 but less than $9,999.99; and this account earns another interest rate if your daily balance is at least $10,000.00 but less than $24,999.99; and this account earns another interest rate if your daily balance is at least $25,000.00 but less than $49,999.99; and this account earns another interest rate if you balance is $50,000.00 or higher. For accounts with daily balances less than $10,000.00 your interest rate for that day will be the same as the interest rate in effect for balances up to $999.99 on our CountrySmart Savings Account. Please see the Rates and Calculators section of our website for CountryMarket Account interest rates and annual percentage yields. Subtract .25% from the interest rate for public entities requiring pledging.
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest is compounded and credited to the account monthly. If you close your account before interest is credited, you will not receive the accrued interest. The rate is at our discretion and may change as often as weekly.
Limitations and service charges: A maximum of 30 items may be deposited in a monthly statement period. You may make up to six (6) transfers per calendar month from your CountryMarket Account by CountryLine telebank, eCountry Online Banking, or preauthorized transfer, but only three (3) may be payments by debit card or similar orders to pay to third parties. If any transaction exceeds any of these limitations the Bank reserves the right to convert your account to a CountryFree Checking account or if you are ineligible to hold such an account, to another account of our discretion. Withdrawals or transfers made in person at the Bank or at an ATM are unlimited.
There will be a per item service charge of $25.00 for NSF's or overdrafts, $15.00 per stop payment and $2.00 per item for returned deposits, except that there will be higher fees for Online Banking transactions as noted above. ATM and VISA Check cards have no annual fee and can be used at no charge at CBUSA ATM's. There will be a $1.00 charge for withdrawals from non-CBUSA owned ATM's. The owner of the ATM may also assess a surcharge. ATM withdrawals are limited to $200.00 per day. You may make no more than $500.00 in point-of-sale transactions per 24 hour period. This account is not available to institutional investors. See account terms and conditions or call CountryBank USA at 1-877-258-1348 for more information. Please see the Fees for General Services section of our website for additional fees that may apply to this account.
FIXED RATE CERTIFICATES OF DEPOSIT
Interest Rate Information: Interest rates, annual percentage yields, and terms for all certificates of deposit accounts are listed in the Rates and Calculators section of our website. You will be paid the interest rate and receive the APY corresponding to the term selected which appears on the Rates and Calculators section of our website on the day that you open the account. You will be paid this rate until the first renewal of the certificate. The annual percentage yield assumes that the interest will remain on deposit until your certificate of deposit matures.
Balance Information: There is a minimum balance of $500.00 to open the account. All CD "Specials" require a minimum balance of $1,000.00 to open the account. You must maintain the required minimum balance in the account each day to obtain the annual percentage yield.
Balance Computation Method: We use the daily balance method to calculate the interest on your account. This method applies a periodic rate to the principal in the account each day.
Compounding and Crediting: Interest for your account will be compounded annually and credited to your account annually. If the term of the CD is less than one year, interest will be compounded and credited to your account at maturity.
Term: Your certificate will mature at the expiration of the initial term that you selected at the inception of the certificate from the terms available on our website.
Accrual of Interest on Deposits other than Cash: Interest begins to accrue on the business day that you open the account.
Transaction Limitations: After the account is opened, you may not make deposits into the account until maturity. You may make withdrawals of interest that has been credited at any time prior to maturity. Withdrawals of principal are subject to the penalties indicated below.
Early Withdrawal Penalties: A penalty may be imposed for early withdrawal of principal. The penalty will equal interest (at the rate payable on the account) on the funds withdrawn for the number of months indicated below. The penalty applies regardless of whether the amount of such interest has been earned and regardless of the amount of time that the funds have been in the account.
- If the Original Certificate Maturity is for 30 or 60 days, one month's interest is forfeited on the amount withdrawn.
- If the Original Certificate Maturity is greater than 60 days, but less than or equal to twelve months, three months interest is forfeited on the amount withdrawn.
- If the Original Certificate Maturity is at greater than twelve months, but less than three years, six months interest is forfeited on the amount withdrawn.
- If the Original Certificate Maturity is three years or greater, twelve months interest is forfeited on the amount withdrawn.
Renewal Policy: This account will be automatically renewed at maturity. You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds without being charged or to notify us not to renew the certificate. If you choose not to renew and do not instruct us to place the funds in another type of account then offered by the Bank for which the funds qualify, you will not earn interest on the funds after maturity. Any renewal will be for the same term as the original term. The renewal rate will be determined by us on or just before the renewal date. You may call us on or shortly before the maturity date and we can tell you what the interest rate will be for the next renewal term. You will be required to present your certificate to conduct any transactions in this account.
IRA FIXED RATE CERTIFICATES OF DEPOSIT
All of the disclosures applicable to Fixed Rate Certificates of Deposit are also applicable to IRA Fixed Rate Certificates of Deposit except to the extent that the following provisions are inconsistent, in which event the following provisions govern. The interest rates and APY's listed in the Rates and Calculators section of our website for Fixed Rate Certificates of Deposit are also applicable to IRA Fixed Rate Certificates of Deposit.
Renewal Policy: This account will be automatically renewed at maturity. You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds without being charged or to notify us not to renew the certificate. If you choose not to renew and do not instruct us to place the funds in another type of account then offered by the Bank for which the funds qualify, you will not earn interest on the funds after maturity. Any renewal will be for the same term as the original term (if such a term is then offered) and at the rates offered by the Bank at the time of renewal for certificates of the same term and amount. The same penalties apply as apply for Fixed Rate Certificates of Deposit. However, additional penalties may be imposed under certain conditions by IRS Regulations. Please consult your tax advisor for information on any such penalties.
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