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Money
Market
Balance Requirements
You must deposit $2,500 to open an account.
If the collected balance falls below
$1,000 on any day, you will not be paid interest for that day.
You must maintain a specific collected
balance in order to obtain the annual percentage yield offered for
each interest rate tier. On any day your balance qualifies for a
respective tier, interest will be earned at the respective annual
percentage yield on the entire balance for that day.
Service Charges During the Statement
Period
Your account will be charged a $5 item charge for each check paid.
(Your first six checks are free)
A $10 maintenance fee will be charged
if your account becomes dormant (547 days without activity) and
your ledger balance falls below $100.
Compounding and Crediting
Interest on Money Market accounts will be compounded monthly and
added to the account balance on the last day of the statement period
(monthly).
Accrual of Interest on Non-Cash
Deposits
Interest begins to accrue on non-cash items deposited based on the
Bank's availability schedule.
Transaction Limitations
You may make no more than six pre-authorized transfers or withdrawals
from your account per month.
Additional Information
There are seven interest rate tiers available with this account.
The interest rate and annual percentage yield for each tier are
available at the New Accounts desk.
This is not a full disclosure of
all terms and conditions of this account. Additional information
is available at the New Accounts desk.
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Certificates
of Deposit
Bank of Louisiana has fixed rate certificates of
deposit with maturities ranging from three months up to and including
five years.
The rate for new certificates is fixed for the term
of the certificate and is set by the bank weekly, with the option
to set the rate more frequently.
Our rates are very competitive in today's market
and will make an attractive investment for you financial portfolio.
There are penalties involved for early withdrawal
of Certificate of Deposit funds.
Contact Bank of Louisiana for our current competitive
rates today.
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Savings
Account
Balance Requirement
Your must deposit $25 to open an account.
There is no minimum balance requirement to earn
interest on this account.
Service Charges During the Statement Period
You will be allowed eighteen withdrawals per quarter without charge.
You will be charged $.25 for each withdrawal in excess of eighteen
during the quarter.
During any monthly statement cycle, you may make 6 preauthorized
transfers or withdrawals from your account per month. If you exceed
the transfer limitations set forth above in any statement period,
your account will be subject to closure.
A maintenance fee of $2.50 will be charged quarterly
if your account becomes dormant (547 days without activity).
Compounding and Crediting
Interest on Savings accounts is compounded quarterly and added to
the account balance on the last day of the statement period (quarterly).
Accrual of Interest on Non-Cash Deposits
Interest begins to accrue on the business day you deposit non-cash
items (for example-checks).
Additional Information
The interest rate and annual percentage yield are available at the
New Accounts desk.
This is not a full disclosure of all terms and conditions
of this account. Additional information is available at the New
Accounts desk.
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Now Accounts
Balance Requirements
You must deposit $1,000 to open an account.
If the collected balance falls below $1,000 on any
day, you will not be paid interest for that day.
You must maintain a collected balance of $1,000
or more each day to obtain the annual percentage yield offered.
Service Charges During the Statement Period
A $5 maintenance fee will be charged if your ledger balance falls
below $1,000.
Regardless of your daily ledger balance, if your
account has no debit transactions for the statement period, a maintenance
fee will not be charged.
A $10 maintenance fee will be charged if your account
becomes dormant (547 days without activity) and your ledger balance
falls below $100.
Compounding and Crediting
Interest on Now accounts will be compounded monthly and added to
the account balance on the last day of the statement period (monthly).
Accrual of Interest on Non-Cash Deposits
Interest begins to accrue on non-cash items deposited based on the
Bank's funds availability schedule.
Additional Information
The interest rate and annual percentage yield are available at the
New Accounts desk.
This is not a full disclosure of all terms and conditions
of this account. Additional information is available at the New
Accounts desk.
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