There is a $500.00 minimum balance to open a NOW account. A $5.00 monthly minimum-balance fee will be assessed if the daily balance drops below $500.00 any day of the statement period, and an additional ten (10) cents per debit will be assessed for the amount of debits over thirty (30) cleared during the statement period.

The interest rate and annual percentage yield on the NOW account may vary. Please contact us at Liberty State Bank for the current rate. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time. There are no limitations on interest rate changes. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest compounds monthly and will be credited to your account the last day of the statement period every month. Scheduled statement day is close of business on the last business day of each month. If you close your account before interest is credited, you will not receive the accrued interest.

We use the daily-balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. This bank reserves the right at its election to charge a dormant account fee to the account in the amount of $5.00 per quarter if there have been no deposits or withdrawals from the account for a period of three (3) years.