Important Account Information for Our Customers
From
Valley Community Bank
620 E Main Street
St. Charles, IL 60174
(630)584-4433

Premium Reward NOW Checking

When Premium Reward Checking requirements are not met1 the interest rate on your account and corresponding Annual Percentage Yield (APY) is described in the chart below:

When the Premium Reward Checking requirements are met:1

• An interest rate of 4.90% will be paid only for that portion of your average daily balance that is less than $100,000.00.  An interest rate of 0.25% will be paid only for that portion of your daily balance that is $100, 000.00 or more.  The Annual Percentage Yield for this tier will range from 4.06% to 5.01%2 depending on the balance in the account. 

• If your average daily balance is less than $100,000.00, the interest rate paid on the entire balance will be 4.90% with an annual percentage Yield of 5.01%.

The average daily balance is utilized to determine which rate will be applied. 

Interest is calculated by using the average daily balance computation method which applies a periodic rate to the average daily balance in the account for the period.  The average daily balance is calculated by adding the balance 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 to make that calculation is monthly. 

Minimum deposit required to open the account is $50.00.  

Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

Interest will be compounded monthly.  Interest will be credited to your account monthly.  If you close your account before interest is credited, you will not receive the accrued interest or the ATM fees3 reimbursement. At our discretion, your interest rate and APY may change at any time. 
The interest rate and Annual Percentage Yield may change daily.   

1Bonus-In order to obtain your Premium Reward interest rate of 4.90% with an Annual Percentage Yield (APY) of 5.01% (on balances less than $100,000.00) and have your ATM transaction fees3 refunded at the end of each statement cycle, you must have a minimum of 15 point of sale debit card transactions posted to your account on the day before the last day of each statement cycle, as well as receive your statement electronically.  To receive rewards, you must meet the requirements between the last day of the previous cycle to the day before the last day of this cycle.  If the requirements are not met during a cycle, you will earn 0.25% Annual Percentage Yield (APY) on your free checking balance and ATM fees3 are not reimbursed.  You will be paid interest on your first statement cycle regardless of qualifications.

2There is no limit on the maximum amount that may be deposited; the Annual Percentage Yield calculation assumes a maximum deposit of $125,000.00.

3ATM fee refunds only applicable for ATM locations nationwide.