FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Accurate as of 02/09/2024
This disclosure contains the rules which govern your deposit account. Unless it would be inconsistent to do so, words and phrases used in this disclosure should be construed so that the singular includes the plural and the plural includes the singular. We reserve the right to at any time require not less than a seven (7) day notice in writing before any withdrawal from this account. The interest rate and annual percentage yield stated below are accurate as of the above listed date. If you would like more current rate and yield information, please call us at 765-342-6695.
SIMPLY FREE CHECKING ACCOUNT
Minimum balance to open the account – You must deposit $50.00 to open this account.
Minimum balance to avoid imposition of fees – This account will not be assessed monthly service fees.
Fees – An early closeout fee will be charged if the account is closed within 90 days of opening. A dormant fee will be imposed monthly if there is no account activity for a period of twenty-four (24) months or greater. Please refer to the current Home Bank Fee Schedule for other related fees that could apply.
BENEFITS CHECKING ACCOUNT
Effect of closing an account – If you close your account you will lose access to the following benefits that were made available to you: cellular telephone protection, CyberScout®, roadside assistance, accidental death and dismemberment insurance, and the shopping, travel and entertainment discounts.
Minimum balance to open the account – You must deposit $50.00 to open this account.
Fees – A service fee of $6.95 will be charged per month. An early closeout fee will be charged if the account is closed within 90 days of opening. A dormant fee will be imposed monthly if there is no account activity for a period of twenty-four (24) months or greater. Please refer to the current Home Bank Fee Schedule for other related fees that could apply.
50+ INTEREST CHECKING ACCOUNT
Rate Information – Your interest rate and annual percentage yield may change.
Frequency of rate changes – We may change the interest rate on your account at any time.
Determination of rate – At our discretion we may change the interest rate on your account.
Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account – If you close your account before interest is credited, you will forfeit the accrued interest.
Minimum balance to open the account – You must deposit $50.00 to open this account. This account will need to have one account owner over the age of 50.
Minimum balance to avoid imposition of fees – This account will not be assessed monthly service fees.
Daily balance to avoid imposition of fees – This account will not be assessed monthly service fees.
Daily balance computation method – 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.
Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Fees – An early closeout fee will be charged if the account is closed within 90 days of opening. A dormant fee will be imposed monthly if there is no account activity for a period of twenty-four (24) months or greater. Please refer to the current Home Bank Fee Schedule for other related fees that could apply.
INTEREST PLUS CHECKING ACCOUNT
Rate Information – Your interest rate and annual percentage yield may change.
Frequency of rate changes – We may change the interest rate on your account at any time.
Determination of rate – At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account – If you close your account before interest is credited, you will forfeit the accrued interest.
Minimum balance to open the account – You must deposit $50.00 to open this account.
Minimum balance to avoid imposition of fees – A service fee of $6.00 will be imposed every month if the balance in the account falls below $1,500.00 any day of the monthly statement cycle.
Daily balance computation method – 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.
Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Fees – An early closeout fee will be charged if the account is closed within 90 days of opening. A dormant fee will be imposed monthly if there is no account activity for a period of twenty-four (24) months or greater. Please refer to the current Home Bank Fee Schedule for other related fees that could apply.
HEALTH SAVINGS ACCOUNT
Rate Information – Your interest rate and annual percentage yield may change.
Frequency of rate changes – We may change the interest rate on your account at any time.
Determination of rate – At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account – If you close your account before interest is credited, you will forfeit the accrued interest.
Minimum balance to open the account –You must deposit $50.00 to open this account.
Minimum balance to avoid imposition of fees – This account will not be assessed monthly service fees.
Daily balance computation method – 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.
Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Fees – An early closeout fee will be charged if the account is closed within 90 days of opening. A dormant fee will be imposed monthly if there is no account activity for a period of twenty-four (24) months or greater. Please refer to the current Home Bank Fee Schedule for other related fees that could apply.
MONEY MARKET SELECT
Rate Information – Your interest rate and annual percentage yield may change.
Frequency of rate changes – We may change the interest rate on your account at any time.
Determination of rate – At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account – If you close the account before interest is credited, you will forfeit the accrued interest. If the account is closed, you will forfeit any rewards that have not been credited to your account.
Minimum balance to open the account – You must deposit $50.00 to open this account. These must constitute funds not currently on deposit at Home Bank SB.
Minimum balance to avoid imposition of fees – This account will not be assessed a monthly service fee.
Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $10,000 in the account each day to obtain the disclosed annual percentage yield.
Daily balance computation method – 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.
Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Fees – An early closeout fee will be charged if the account is closed within 90 days of opening. A dormant fee will be imposed monthly if there is no account activity for a period of twenty-four (24) months or greater. Please refer to the current Home Bank Fee Schedule for other related fees that could apply.
CHRISTMAS CLUB ACCOUNT
Rate information – Your interest rate and annual percentage yield may change.
Frequency of rate changes – We may change the interest rate on your account at any time.
Determination of rate – At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency – Interest will be compounded every month.
Effect of closing an account – If you close your account before interest is credited, you will forfeit the accrued interest.
Minimum balance to open the account – You must deposit $10.00 to open this account.
Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $10.00 in the account each day to obtain the disclosed annual percentage yield.
Daily balance computation method – We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of the interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Maturity and renewal – Once the account is opened, it will mature the following October. A check, or direct deposit for the balance in the account (your deposits plus accrued and credited interest) will renew automatically.
Fees – An early closeout fee will be charged if the account is closed within 90 days of opening. Please refer to the current Home Bank Fee Schedule for other related fees that could apply.
SIMPLY FREE SAVINGS ACCOUNT
Rate Information – Your interest rate and annual percentage yield may change.
Frequency of rate changes – We may change the interest rate on your account at any time.
Determination of rate – At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account – If you close your account before interest is credited, you will forfeit the accrued interest.
Minimum balance to open the account – You must deposit $10.00 to open this account.
Minimum balance to avoid imposition of fees – This account will not be assessed monthly service fees
Minimum balance to obtain the annual percentage yield disclosed – You must maintain a minimum balance of $10.00 in the account each day to obtain the disclosed annual percentage yield.
Daily balance computation method – 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.
Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Fees – An early closeout fee will be charged if the account is closed within 90 days of opening. A dormant fee will be imposed monthly if there is no account activity for a period of twenty-four (24) months or greater. Please refer to the current Home Bank Fee Schedule for other related fees that could apply.
SPROUT ACCOUNT SAVINGS
Rate Information – Your interest rate and annual percentage yield may change.
Frequency of rate changes – We may change the interest rate on your account at any time.
Determination of rate – At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account – If you close your account before interest is credited, you will forfeit the accrued interest.
Minimum balance to open the account – You must deposit $10.00 to open this account.
Minimum balance to avoid imposition of fees – This account will not be assessed monthly service fees.
Daily balance computation method – 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.
Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Fees – An early closeout fee will be charged if the account is closed within 90 days of opening. A dormant fee will be imposed monthly if there is no account activity for a period of twenty-four (24) months or greater. Please refer to the current Home Bank Fee Schedule for other related fees that could apply.