Checking Accounts

Checking Accounts Interest Type Frequency of Rate Change



Annual Percentage Yield


Interest Compounding and Crediting Minimum Balance To Open Balance for Interest Interest Calculation Method Maintenance Fee
Rewards Checking Variable May change Monthly See rate page See rate page Monthly $20,000 or an aggregate current balance of this account & qualified statement savings accounts equaling $20,000 $20,000 in acct. (or an aggregate) each day to obtain the disclosed APY. Daily Balance Method $20.00 if below $20,000 or an aggregate current balance of this account & qualified statement savings accounts equaling $20,000
Interest Checking Tiered May change Monthly  See Rate Page See rate page Monthly $1,000 No minimum Daily Balance Method $7.50 if below $1,000
Regular Checking _ _   _ _ $100.00 _ _ You will not be charged a fee unless you elect to have check images sent with statement $3.00/month
Student Rewards Checking** _ _   _ _ $50.00 _ _


Rate information on Rewards and Interest Checking: The annual percentage yield is a percentage rate that reflects the total amount of interest ot be paid on account based on the interest rate and frequency of compounding for an annual period. The interest rates and annual percentage yields are the rates and yield as of the last interest declaration date. The interest rate, annual percentage yield, and frequency of rate changes are listed in the Rate Schedule. The interest rate and annual percentage yield may change at our discretion.


Interest compounding and crediting: We compound interest monthly and credit interest monthly (at the end of each statement cycle).


Balance for interest: We use the daily balance method to calculate the interest on interest bearing accounts as shown on the Rate Schedule. You must maintain the minimum balances required in the Rate Schedule each day to obtain the disclosed annual percentage yield.


Balance Information: All accounts have a minimum balance for opening. The minimum balance requirements applicable to each account are stated in the Rate Schedule. If the minimum daily balance is not met during each day of the statement cycle, there will be a service fee as stated in the Rate Schedule. For Rewards Checking and Interest Checking, there is a minimum daily balance required to earn the annual percentage yield disclosed for the interest peroid. If the minimum daily balance is not met each day of the statement cycle, you will not earn the stated annual percentage yield. For accounts using the daily balance method as stated in the Rate Schedule, interest is calculated by applying the daily periodic rate to the balance in the account each day.


Maintenance Fees:  If the low collected balance during any one day in a statement cycle falls below the minimum as stated in the Rate Schedule you will be charged the fee listed in the Rate Schedule for that cycler.  Fees may reduce earnings. 


Effect of Closing an Account: If you close any account within 90 days of opening date, you will be charged a fee of $25.00. To Close any account that has been open over 90 days, you will be charged a fee of $5.00.


*Limitations – Rewards Checking:  Only statement savings accounts will be qualified accounts for aggregation for computation of service charges on this account.  The primary or secondary account holder of this account must be a primary or secondary account holder of the statement savings account to be a qualified account.  Student Rewards Checking:  You must be 23 years old or younger to qualify for this account and be a three-quarter time to full-time student.  Bank policy states a parent or guardian will be a joint account holder with any person under the age of 18.  This account will automatically be converted to a regular checking account on your 24th birthday.  This account requires enrollment in our FNBML Online Banking.


**Incentives for Student Rewards Checking:  Free first order of standard bank checks is offered with this account.  Upon completion of the third proof of account reconcilements a $25.00 cash reward will be deposited into the account the next business day.  After six months of favorable active use an increase in daily dollar limits will be considered subject to credit approval. 


Monthly Statements: We do not print statements on accounts where there has been no activity.


Fees may reduce account earnings.