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1. Money Market Deposit Accounts
a) Super Yield Money Market Deposit Account
· A combination of savings and checking accounts, with limited check writing ability while earning interest
· Minimum $100 to open account
· A monthly service charge of $10 applies if the average daily balance is below $1,000
· Maintain a minimum average daily balance of $1,000 to earn tiered variable interest rates for the applicable deposit balances and avoid monthly service charges. A higher deposit balance qualifies for a higher rate of interest
· Interest will be paid monthly at variable interest rates, compounded daily on a 365-day basis, when the minimum average daily balance is maintained
· Limit to 6 transfers, and withdrawals each month; transfers and withdrawals made in person, by mail or at ATMs are unlimited. An activity fee of $15 will be charged for each transaction that exceeds the 6-transaction limit
· If you frequently exceed the 6-transaction limit, we will convert your account to a checking account
· Unlimited deposits, withdrawals, and transfers at our retail branches /ATMs
2. Savings Accounts
a) Super Yield Statement Savings Account
· Earn higher rates of interest with higher deposit balances
· Minimum $100 to open account
· A monthly service charge of $10 applies if the average daily balance is below $500.
· Interest will be paid monthly at tiered variable interest rates, compounded daily on a 365-day basis on balances of $0.01 or more
· Limit to 6 transfers and withdrawals each month, applicable to funds originating via any ICBC Express Transfer Remittance; transfers and withdrawals made in person, by mail or at ATMs are unlimited. An activity fee of $15 will be charged for each transaction that exceeds the 6-transaction limit
· If you frequently exceed the 6-transaction limit, we will convert your account to a checking account
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