First Bank of Utica

At First Bank of Utica, you're not just another account number. You are indeed a familiar face when you walk into our lobby, and we greet you by name. You will enjoy the down home friendly atmosphere at the First Bank of Utica.

Savings Accounts

Opening an Account - Minimum of $100 to open except on youth accounts.

Rate Information - Your interest rate and annual percentage yield may change.

Frequency of rate changes - We may change the interest rate on your account at any time.

Determination of rate - At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency - Interest will be compounded every quarter. Interest will be credited to your account every quarter.

Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.

Average daily balance computation method - We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. 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. The period we use is the quarterly statement cycle.

Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Transaction limitations - Transfers from a Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to three per statement cycle.

Fees - A per debit fee of $.50 will be charged for each debit transaction in excess of three during a statement cycle. Six transactions per cycle and fee.

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