Eastman National Bank

Savings Accounts

Savings Account

The interest rate and annual percentage yield is subject to change without notice. The minimum balance of $10.00 must be maintained to obtain the disclosed annual percentage yield. Interest will be credited to the account quarterly. If the account is closed before the interest is credited on a statement, the accrued interest will be lost. The minimum balance to open the account is $100.00. If at any time during the statement cycle the minimum balance drops below $100.00 a maintenance fee of $5.00 will be imposed. You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail, or at an ATM are unlimited. A $10 fee will be imposed for each withdrawal in excess of 6 withdrawals per month. 

Youth Savings Account

The interest rate and annual percentage yield is subject to change without notice. If the account is closed before the interest is credited on a statement, the accrued interest will be lost. The minimum balance to open the account is $10.00. Available to youth ages 18 and younger.  You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail, or at an ATM are unlimited. A $3 fee will be imposed for each withdrawal in excess of 6 withdrawals per month. The minimum balance of $10.00 must be maintained to obtain the disclosed annual percentage yield. Interest will be credited to the account quarterly.

Christmas Club

The interest rate and annual percentage yield is subject to change without notice. Interest will be credited at the time a check is produced the week of Thanksgiving. No withdrawals allowed before that time. Minimum to open and to maintain rate is $10.

*Interest Calculation On All Accounts

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 the figure by the number of days in the period. Interest accrues daily and is credited to your account on the day the statement cycles. Cash deposits begin to accrue interest on the business day of deposit; noncash deposits begin to accrue interest no later than the business day we receive credit for the items deposited.  An example of a noncash deposit is a check deposit.