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Definitions

May 21, 2013

Northeast Account*
The Northeast Account is an excellent choice if you have few debits** or write only a few checks each month or typically maintain a $200 or more balance. The Northeast Account offers checking without monthly service charges if you keep a $200 minimum balance or have 6 fewer debits during a statement cycle.

If balance falls below $200 during the statement cycle and you have more than 6 debits, you will be charged a basic fee of $5. In addition, for every debit item over 20, you will be charged 25¢ per debit.

Northeast Plus Account*
Checking with a competitive rate of interest. If you maintain a balance of $500 or more, there is no basic or per debit item fee. If your balance falls below $500 during the statement cycle, you will be charged a basic fee of $7. In addition, if there are more than 28 debit items during the statement cycle, there will be an additional charge of 25¢ per debit. Interest accrues daily and is paid monthly.

Northeast Flag Account
Customers 50 and over qualify for our Flag Account. Flag Account customers enjoy checking with interest and no minimum balance, free non-duplicate “Specialty” checks and a host of other benefits to make your banking with us both enjoyable and rewarding. There is no basic fee or charge per debit. Interest accrues daily and is paid monthly.

Northeast Banner Account*
The Northeast Banner Account is the perfect account if you want simple, unlimited debit transactions and check writing without monthly service charges or minimum balance requirements. To qualify for a Northeast Banner Account, you must qualify for a Northeast Ready Reserve with a minimum credit line of $3,000.


*Early account closing fee of $20 if the account is closed within 3 months of opening.

**Debits include traditional paperchecks, automatic withdrawals, debit card purchases and other electronic transactions that you authorize to withdraw funds from your account.