Florida Content
This disclosure contains the rules which govern your deposit account. The interest rate and annual percentage yield stated below are accurate as of the date printed above. If you would like more current rate and yield information, please call republicbank.com at 1-888-782-3333 or visit our website at www.republicbank.com. We reserve the right at any time to require not less than seven days notice in writing before any withdrawal from any interest bearing account. After 36 months of inactivity, your account will be classified as dormant and will be charge a monthly dormant fee if your account balance is less than $1,000.
Rate Information
This account earns an interest rate of
1.98%
with an annual percentage yield of
2.00%
for all balances, if the following conditions are met:
- Account must have at least one direct deposit/automatic payment per statement cycle
- 12 debit/POS transactions per statement cycle
- Receive online statements every statement cycle
If these conditions are not met, the account earns a default interest rate of 0.10% with an annual percentage yield of 0.10%.
Minimum Opening Deposit Requirements
To open this account you must deposit at least $50.00.
Compounding and Credit
Interest will be compounded and credited to your account monthly. If you close your account before interest is credited, you will receive the accrued interest.
Balance Computation Method
If you do meet all qualification requirements noted in the “Rate Information” section, we will use the daily collected balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
If you do not meet all qualification requirements noted in the “Rate Information” section, we will use the average collected balance method to calculate the interest on your account. This method applies the default rate to the average collected balance on your account for the statement cycle.
Accrual of Interest on Non-Cash Deposits
Interest begins to accrue no later than the business day we receive credit for non-cash items (for example, checks).
Charges which may be applied to this account
- $25 Account Closure Fee (<12 months)
- $2 Account Inquiry (in person)
- $10 Account Setup Fee
- $10 Annual Fee
- $35 Overdraft Fee (per check or in-person, ATM or electronic withdrawal)
- $10 Cashier's Check
- $6 Overdraft Fee (per Business Day)
- $10 Chargeback
- VAR Check Printing Order (Fee Depends on Style of Check Ordered)
- $1 Counter Check
- $35 Returned Item Charge (per item)
- $35 Stop Payment Request
- $12.50 Dormant Account Fee
Additional Disclosure Terms
On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013.
Kentucky/Indiana Content
This disclosure contains the rules which govern your deposit account. The interest rate and annual percentage yield stated below are accurate as of the date printed above. If you would like more current rate and yield information, please call republicbank.com at 1-888-782-3333 or visit our website at www.republicbank.com. We reserve the right at any time to require not less than seven days notice in writing before any withdrawal from any interest bearing account. After 36 months of inactivity, your account will be classified as dormant and will be charge a monthly dormant fee if your account balance is less than $1,000.
Rate Information
This account earns an interest rate of
1.98%
with an annual percentage yield of
2.00%
for all balances, if the following conditions are met:
- Account must have at least one direct deposit/automatic payment per statement cycle
- 12 debit/POS transactions per statement cycle
- Receive online statements every statement cycle
If these conditions are not met, the account earns a default interest rate of 0.10% with an annual percentage yield of 0.10%.
Minimum Opening Deposit Requirements
To open this account you must deposit at least $50.00.
Compounding and Credit
Interest will be compounded and credited to your account monthly. If you close your account before interest is credited, you will receive the accrued interest.
Balance Computation Method
If you do meet all qualification requirements noted in the “Rate Information” section, we will use the daily collected balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
If you do not meet all qualification requirements noted in the “Rate Information” section, we will use the average collected balance method to calculate the interest on your account. This method applies the default rate to the average collected balance on your account for the statement cycle.
Accrual of Interest on Non-Cash Deposits
Interest begins to accrue no later than the business day we receive credit for non-cash items (for example, checks).
Charges which may be applied to this account
- $25 Account Closure Fee (<12 months)
- $2 Account Inquiry (in person)
- $10 Account Setup Fee
- $10 Annual Fee
- $35 Overdraft Fee (per check or in-person, ATM or electronic withdrawal)
- $10 Cashier's Check
- $6 Overdraft Fee (per Business Day)
- $10 Chargeback
- VAR Check Printing Order (Fee Depends on Style of Check Ordered)
- $1 Counter Check
- $35 Returned Item Charge (per item)
- $35 Stop Payment Request
- $12.50 Dormant Account Fee
Additional Disclosure Terms
On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013.