Standard Deposit Rates
Rates effective January 1, 2012
Personal Deposit Accounts
| Account | Minimum Deposit to Open | Minimum Balance to Obtain Interest Rate | Annual Percentage Yield (APY) |
|---|---|---|---|
| Free Interest Checking | $100.00 | $1,000.00 | 0.10% |
| Cornerstone Interest Checking | $1,000.00 |
$1,000.00
$10,000.00 $15,000.00 |
0.10%
0.20% 0.30% |
| Cornerstone Money Market | $2,500.00 |
$2,500.00
$10,000.00 $25,000.00 |
0.30%
0.50% 0.80% |
| Standard Money Market | $1,000.00 |
$1,000.00
$5,000.00 $10,000.00 |
0.15%
0.25% 0.40% |
| Statement Savings | $100.00 | None | 0.65% |
| Kids Statement Savings Account | $10.00 | None | 0.65% |
| Christmas Club | $10.00 | None | 0.65% |
Free Interest Checking: ATM surcharge reimbursement of up to $10 per month. If account is closed within 90 days, a $50 account closing fee will apply. Interest is compounded and credited monthly.
Cornerstone Interest Checking: ATM surcharge reimbursement of up to $20 per month. Direct deposit is required or a $10 monthly fee applies. If account is closed within 90 days, a $50 account closing fee will apply. Interest is compounded and credited monthly.
Cornerstone Money Market: ATM surcharge reimbursement of up to $10 per month. If Average Ledger Balance for the statement period falls below $2,500, a $15 fee will be assessed. If account is closed within 90 days, a $50 account closing fee will apply. A depositor may make no more than six covered transfers or withdrawals per statement cycle or a $10.00 excessive transaction fee per each additional transfer or withdrawal will apply. Interest is compounded and credited monthly.
Standard Money Market: ATM surcharge reimbursement of up to $10 per month. If Average Ledger Balance for the statement period falls below $1,000, a $6 fee will be assessed. If account is closed within 90 days, a $50 account closing fee will apply. A depositor may make no more than six covered transfers or withdrawals per statement cycle or a $10.00 excessive transaction fee per each additional transfer or withdrawal will apply. Interest is compounded and credited monthly.
Statement Savings: ATM surcharge reimbursement of up to $10 per month. If Average Ledger Balance for the statement period falls below $100, a $1 fee will be assessed. If account is closed within 90 days, a $50 account closing fee will apply. A depositor may make no more than six covered transfers or withdrawals per statement cycle or a $10.00 excessive transaction fee per each additional transfer or withdrawal will apply. Interest is compounded and credited monthly.
Kids Statement Savings: If Average Ledger Balance for the statement period falls below $10, a $1 fee will be assessed. If account is closed within 90 days, a $50 account closing fee will apply. A depositor may make no more than six covered transfers or withdrawals per statement cycle or a $10.00 excessive transaction fee per each additional transfer or withdrawal will apply. Interest is compounded and credited monthly.
Christmas Club: If account is closed prior to the issuing of Christmas Club checks, a $15.00 account closing fee will apply. Christmas Club disbursements are issued in November. Interest is compounded and credited annually.
Personal Certificates of Deposit (CDs)
| Term | Minimum Deposit to Open | Annual Percentage Yield (APY) |
|---|---|---|
| 3 Months | $1,000.00 | 0.20% |
| 5 Months | $1,000.00 | 0.30% |
| 6 Months | $1,000.00 | 0.35% |
| 12 Months | $1,000.00 | 0.75% |
| 15 Months | $1,000.00 | 0.80% |
| 18 Months | $1,000.00 | 0.90% |
| 24 Months | $1,000.00 | 1.10% |
| 30 Months | $1,000.00 | 1.15% |
| 36 Months | $1,000.00 | 1.25% |
| 48 Months | $1,000.00 | 1.40% |
| 60 Months | $1,000.00 | 1.75% |
*A penalty applies for early withdrawal. Interest is compounded and credited quarterly.
Evergreen Bank Group also offers the CDARS Program, providing multi-million-dollar FDIC insurance for Certificates of Deposit. Please contact an Executive Banker at your local branch for more information.
Business Deposit Accounts
| Account | Minimum Deposit to Open | Minimum Balance to Obtain Interest Rate | Annual Percentage Yield (APY) |
|---|---|---|---|
| Evergreen Business Interest Checking | $100.00 | $1,000.000 | 0.10% |
| Evergreen Free Business Checking | $100.00 | N/A | N/A |
| Evergreen Commercial Checking | $100.00 | N/A | N/A |
| Evergreen Business Money Market | $2,500.00 |
$2,500.00
$10,000.00 $25,000.00 $100,000.00 |
0.30%
0.50% 0.80% 0.90% |
| Evergreen Business Savings | $100.00 | None | 0.65% |
Evergreen Business Interest Checking: Available for sole proprietorships, nonprofits, and government entities. Must maintain a balance of $1,000 or above or a $5 monthly fee will be assessed. ATM surcharge reimbursement of up to $10 per month. If account is closed within 90 days, a $50 account closing fee will apply. Interest is compounded and credited monthly.
Evergreen Free Business Checking: ATM surcharge reimbursement of up to $10 per month. If account is closed within 90 days, a $50 account closing fee will apply.
Evergreen Commercial Checking: Commercial Account Analysis account with competitive Earnings Credit Rate. Please contact an Executive Banker at your local branch for more details.
Cornerstone Business Money Market: Must maintain a balance of $1,000 or above or a $10 monthly fee will be assessed. ATM surcharge reimbursement of up to $10 per month. If account is closed within 90 days, a $50 account closing fee will apply. A depositor may make no more than six covered transfers or withdrawals per calendar month or statement cycle or a $5.00 excessive transaction fee per each additional transfer or withdrawal will apply. Interest is compounded and credited monthly.
Evergreen Business Savings: ATM surcharge reimbursement of up to $10 per month. If Average Ledger Balance for the statement period falls below $500, a $5 fee will be assessed. If account is closed within 90 days, a $50 account closing fee will apply. A depositor may make no more than six covered transfers or withdrawals per statement cycle or a $10.00 excessive transaction fee per each additional transfer or withdrawal will apply. Interest is compounded and credited monthly.
All accounts subject to credit approval. Other terms and conditions may apply. For more information, please contact an Executive Banker at your local branch.
All Interest Rates and Annual Percentage Yields (APY) are accurate as of January 1, 2012 and are subject to change at any time. The disclosed APY assumes that interest will remain on deposit until maturity. Fees or withdrawals could reduce earnings.
Evergreen Bank Group is participating in the FDIC's Transaction Account Guarantee Program. Notice of Changes in Temporary FDIC Insurance Coverage For Transaction Accounts: All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules. The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
