Business NOW Fees & Disclosures
Rate Information: This Account is an interest-bearing account. The interest rate and annual percentage yield (APY) are included in the Rate Chart (insert LINK). The interest rate and APY may change at our discretion no more than weekly. Interest begins to accrue on the business day of your deposit. Interest will be compounded and credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest. If this account is used as an IOLTA Trust Account, then Interest (less applicable fees and service charges) will be sent to the Texas Equal Access to Justice Foundation.
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.
Limitations: You must deposit $1,500.00 to open this account.