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Atlantic Coast
Bank makes it easy to open your account when it’s convenient for
you. Here are the accounts you can open right now from your
computer:
*iKasasa Cash
| Tier |
$0-$25,000.00 |
$25,000.00 + |
Non-qualifying Rewards |
| Annual Percentage Yield |
3.25% |
1.00% |
0.10% |
| Interest Rate |
3.20% |
1.00% |
0.10% |
| Compounded |
Monthly |
Monthly |
Monthly |
*iKasasa Saver (Offered exclusively with Kasasa Cash account – they work together)
| Tier |
$0-$50,000.00 |
$50,000.00 + |
Non-qualifying Rewards |
| Annual Percentage Yield |
2.00% |
1.00% |
0.30% |
| Interest Rate |
1.98% |
1.00% |
0.30% |
| Compounded |
Monthly |
Monthly |
Monthly |
**iCertificates of Deposit
| Term |
i6 Month |
i12 Month |
i24 Month |
i36 Month |
| Annual Percentage Yield |
1.00% |
1.40% |
2.30% |
2.65% |
| Interest Rate |
1.00% |
1.39% |
2.28% |
2.62% |
| Compounded |
Monthly |
Monthly |
Monthly |
Monthly |
***iMoney Market Account - under $50K
| Tier |
$.01-$2,499 |
$2,500-$9.999 |
$10,000-$24,999 |
$25,000-$49,999 |
| Annual Percentage Yield |
0.00% |
0.85% |
1.00% |
1.20% |
| Interest Rate |
0.00% |
0.85% |
1.00% |
1.19% |
| Compounded |
Monthly |
Monthly |
Monthly |
Monthly |
***iMoney Market Account -over $50K
| Tier |
$50,000-$74,999 |
$75,000-$99,999 |
$100,000+ |
| Annual Percentage Yield |
1.25% |
1.30% |
1.40% |
| Interest Rate |
1.24% |
1.29% |
1.39% |
| Compounded |
Monthly |
Monthly |
Monthly |
*Annual Percentage Yield (APY) accurate as
of 11/16/09 and are subject to change. Minimum to open account
is $100 for Kasasa Cash and $5 for Kasasa Saver. Kasasa Cash
rate tiers are as follows: 3.25% APY applies to balances of $.01
- $25,000 and 1.00% APY applies to balances over $25,000 as long
as qualifications are met each statement cycle. 0.10% APY
applies to all balances if qualifications are not met. All
balances will earn 3.25% - 1.00% on all balances as long as
qualifications are met. Kasasa Saver rate tiers are as follows:
2.00% APY applies to balances of $.01 - $50,000 and 1.00% APY
applies to balances over $50,000 as long as qualifications are
met each statement cycle on Kasasa Cash account. 0.30% APY
applies to all balances if qualifications are not met on Kasasa
Cash. All balances will earn 2.00% - 1.00% as long as
qualifications are met. Fees may reduce earnings. Foreign ATM
fee refunds up to $25 per statement cycle. Each customer is
limited to only one Kasasa Cash and one Kasasa Saver account.
**CD interest rates are current as of
01/28/2010 and subject to change without notice. CD rates based
on a minimum initial deposit of and continued minimum balance of
$1,000 and the rate applies to terms of 6 months to 3 years. The
Annual Percentage Yield (APY) assumes that all interest will
remain on deposit until maturity. Any withdrawal of interest or
principal, as well as the imposition of any fees, will reduce
earnings. Rates are fixed and will not change during the term of
the CD. The daily balance method is used to calculate interest.
This method applies daily periodic rates to the collected balance
in the account each day. Interest will be paid from the date of
the deposit up to, but not including, the date of withdrawal and
will be compounded monthly.
You can also signup for additional services for your new account, like eStatements.
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