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REGULAR CHECKING ACCOUNT

*Minimum deposit of $100.00 to open this account.    
*There is no service charge on a Regular Checking Account.

NOW ACCOUNT

*Minimum deposit of $500.00 to open this account.
*Interest is compounded and credited to your account monthly. If you close your account before interest is credited, you will receive the accrued interest.
*Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.

*We use the daily balance method to calculate the interest to your account. This method applies a daily periodic rate to the principal in the account each day.*A monthly maintenance fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the cycle.

SUPER NOW ACCOUNT

*Minimum deposit of $1,000.00 to open this account.
*Interest is compounded and credited to your account monthly. If you close your account before interest is credited, you will receive the accrued interest.
*Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
*We use the daily balance method to calculate the interest to your account. This method applies a daily periodic rate to the principal in the account each day.
*A monthly maintenance fee of $7.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.

INTEREST BUSINESS CHECKING ACCOUNT

*Minimum deposit of $1,000.00 to open this account.
*Interest is compounded and credited to your account monthly. If you close your account before interest is credited, you will receive the accrued interest.
*Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
*We use the daily balance method to calculate the interest to your account. This method applies a daily periodic rate to the principal in the account each day.
*A monthly maintenance fee of $7.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.

MONEY MARKET ACCOUNT/HI-FI

*Minimum deposit of $1,000.00 to open this account.
*Interest is compounded and credited to your account quarterly. If you close your account before interest is credited, you will receive the accrued interest.
*Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
*We use the daily balance method to calculate the interest to your account. This method applies a daily periodic rate to the principal in the account each day.
*A quarterly maintenance fee of $7.00 will be imposed every quarter if the balance in the account falls below $1,000.00 any day of the cycle.
*Transfers from a Money Market Account/HI-FI account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per month.
*Statements are printed and sent out quarterly.

VARIABLE RATE SAVINGS ACCOUNT

*There is a $50 minimum deposit required to open this account. To avoid a $1.00 monthly maintenance fee your account must not fall below a $50.00 balance any day of the month. Minors are excluded from this charge.
*Interest is compounded and credited to your account every quarter. If you close your account before interest is credited, you will receive the accrued interest.
*At our discretion, we may change the interest rate on your account at any time.
*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.
*Transfers from a Variable Rate Savings account to another account or to third parties by telephone transfer are limited to six per month with no transfers by check, draft, debit card, or similar order to third parties.
*Statements are printed and sent out in March and September of each year.

CHRISTMAS CLUB ACCOUNT

*Starting with just $5.00 per week you can open a Christmas Club Account. With 49 weekly payments made on time beginning in November and ending in October, Vermilion Valley Bank will make your last payment for you.  Accounts needing money withdrawn will be forfeited. Checks are mailed in October.

CERTIFICATES OF DEPOSIT/IRA’s

*Vermilion Valley Bank offers a variety of certificates of deposit ranging from 7-31 days to several months.  You must deposit a minimum of $500.00 to open the account. 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. Interest can be compounded to your account, paid to your checking, or paid by check, monthly, quarterly, semi-annually, annually, or at maturity. You may not make any deposits into your regular certificate of deposit account before maturity. You may not make withdrawals of principal from your account before maturity. You cannot withdraw interest from your account before maturity. A penalty may be imposed for withdrawals before maturity. If your account has an original maturity of 30 days or less, the fee we may impose is the greater of 7 days interest, on the amount withdrawn subject to penalty, if the withdrawal is made within the first six days after the deposit. All interest on the amount withdrawn will be subject to penalty. If your account has an original maturity of one year or less but more than 30 days, the fee we may impose will equal one months interest on the amount withdrawn subject to penalty. If your account has an original maturity of more than one year, the fee we may impose will equal three months interest on the amount withdrawn subject to penalty. Renewable certificates of deposit will automatically renew at maturity. You will have 10 calendar days from the maturity date to withdraw funds without being charged a penalty. Non-renewable certificates of deposit will not automatically renew at maturity and interest will not accrue after maturity.

LOANS

Stop in or call any of our locations about these lending products and their rates and terms.

Personal Loans

*Automobiles
*Boats, Campers, Motorcycles, RV’s

Mortgages

---Commercial Loans---

*Operating
*Inventory
*Equipment
*Land and Buildings

---Agricultural Loans---

*Operating
*Equipment
*Land and Buildings
 

OTHER SERVICES

Trust Services                                            Notary Public
Farm Management                                     Savings Bond Redemption
Safety Deposit Boxes                                 Direct Deposit (Social Security, Payroll, etc.)
Night Deposit                                             Cashier’s Checks
Illinois License Renewal Stickers             Money Orders
Wire Transfer                                             Credit Card
Debit Card