• Greenetime Savings
• Greenetime Special Savings

Greenetime Savings

Rate Information:

• See rate sheet for interest rate and annual percentage yield. (Posted in Greensboro and Union Point Offices)
• Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.

Interest compounding and crediting:

• Interest will be compounded quarterly and credited to your account quarterly.

Effect of closing an account:

• If you close your account before interest is credited, you will not receive the accrued interest.

Balance Requirements:

• You must deposit $100.00 to open this account.
• You must maintain a minimum daily balance of $200.00 in your account every day to obtain the annual percentage yield listed.
• A maintenance fee of $6.00 will be imposed every quarter if the minimum balance in the account falls below $200.00 any day of the quarter.

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 no later than the business day we receive credit for non-cash items (for example, checks).

Transaction Limitations:

• You may make three (3) withdrawals per quarter.

Fees:

• A $5.00 excessive activity charge will be assessed for each withdrawal over three (3) in a quarter.

Periodic Statements:

• You will get a quarterly account statement. If there are electronic fund transfers in a particular month, you will receive a monthly statement. In any case you will get the statement at least quarterly.

Children’s Savings Account (age limit 18)
Student Savings Account (age limit 25)
No minimum balance fees apply but all other fees are applicable
Balance Requirements: You must deposit $50.00 to open this account. (You must maintain a minimum balance of $50.00 in your account every day to obtain the annual percentage yield listed.)

***Federal Regulations require us to monitor excessive transactions on all Savings Accounts. Federal Regulations allow you a TOTAL OF SIX CHECKS, ACH transfers, INTERNET or OVERDRAFT transfers, and/or any other type of withdrawal per month or statement cycle of at least four weeks. TRANSACTIONS CONDUCTED IN PERSON AT THE BANK OR AT ANY ATM ARE NOT RESTRICTED. If the transaction limitations are exceeded in ANY 3 MONTHS DURING THE preceding 12-month period, we are required to convert the account to a non-interest bearing account. You may be asked to provide documentation that will be used to determine eligibility for a checking account. If you do not qualify for a checking account, your account will be closed.

Greenetime Special Savings

Rate Information:

• See rate sheet for interest rate and annual percentage yield. (Posted in Greensboro and Union Point Offices)
• Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.

Interest compounding and crediting:

• Interest will be compounded annually and credited to your account annually.

Effect of closing an account:

• If you close your account before interest is credited, you will not receive the accrued interest.

Balance Requirements:

• You must deposit $10.00 to open this account.

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 no later than the business day we receive credit for non-cash items (for example, checks).

Transaction Limitations:

• You may make one withdrawal at no charge, prior to annual maturity.

Fees:

• A fee will be charged for each withdrawal after one, prior to annual maturity. Listing of fees and services may be obtained from a customer service representative in our Greensboro or Union Point Office.

Statement Period:

• Entire balance including interest paid to customer on date designated annually.