The Blue Grass Valley Bank
 
Monterey, VA ♦ (540) 468-1915
Blue Grass, VA ♦ (540) 474-2430
 
The Blue Grass Valley Bank
 

Investor’s Checking


This account combines a competitive rate of interest with our normal checking account services.

 

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account monthly. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.

 

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

 

Limitations: You must deposit $500.00 to open this account.

 

Account Fees: If the balance in the account drops below $500.00 during the monthly statement cycle, there will be a $5.00 service charge. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Interest-bearing checking accounts
Investor’s Checking is an interest bearing account.