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The Cumberland® Reserve
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APY is accurate as of 01/01/14
Minimum Opening Balance $2,500.00.

Balance
Interest Rate
APY**
$2,500 - 9,999.99 0.06% 0.06%
$10,000 - 24,999.99 0.06% 0.06%
$25,000 - 99,999.99 0.06% 0.06%
$100,000 - 249,999.99 0.06% 0.06%
$250,000 - 999,999.99 0.17% 0.17%
$1,000,000 and Over        0.24% 0.24%


This account may be opened by businesses or individuals.  This account is not available for Government funds.

 

Interest Rate Change

The interest rate is indexed to the 3 month LIBOR and is subject to change the 1st calendar day of each month.

 

Compounding and Crediting
Interest will be compounded monthly. Interest will be credited to your account monthly. The Daily Balance Method will be used to calculate interest on your account.

 

Fees
If the balance falls below $10,000 anytime during the month there will be a $10 fee.*

Fees could reduce earnings on your account*

 

Penalties
A $25.00 closing fee will be assessed if closed during the first 180 days.

 

** APY=Annual Percentage Yield

 

Stop by one of our convenient locations and talk to one of our customer service representatives about opening The Cumberland Reserve Account. We look forward to seeing you!

 
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