First International Bank & Trust
Savings Account

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.

The current interest rate and annual percentage yield for this account may be obtained by calling us at 1-800-359-8092.

We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal from an interest bearing account.

VARIABLE RATE: The interest rate for your account is a variable rate. Your interest rate and annual percentage yield may change. The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change.

Determination of rate:At our discretion, we may change the interest rate on your account.

Frequency of rate change:We may change the interest rate on your account at any time.

Minimum Balance Requirements:  To avoid the imposition of the service charge fee you must meet the following requirements. A service charge of $6.00 will be imposed every calendar quarter if the average daily balance for the calendar quarter falls below $200.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the calendar quarter.

Interest will be compounded every quarter. Interest will be credited every quarter.

If you close your account before interest is credited, you will receive the accrued interest.

We use the average daily balance method to calculate 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 that figure by the number of days in the period. The period we use is Calendar Quarter

Accrual of interest on non-cash deposits: Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items, for example, checks.

Transaction limitations:You may make no more than 6 preauthorized or automatic withdrawals or transfers from this account per month. Transfers include those by telephone and Personal Online Banking. Exceeding the transaction limitations is prohibited by regulation. In-person transactions are not limited. If the limits are repeatedly exceeded, we are required to change your account type or remove the account's transfer capabilities. Transactions made in person may still be allowed.

Additional Terms:
  • Each Stop Payment requested will be charged $30.00 per item or $60.00 per range of items.
  • A dormant service charge of $6.00 will be charged quarterly if for two years no deposits or withdrawals are made to the account and if the account balance falls below a constant minimum balance of $1,000.
  • If you use an automated teller machine that is not operated by us you may be charged a fee by the operator of the ATM or network
  • An early account closing charge of $10.00 will be assessed on any account that has been open less than 6 months.
  • If you conduct a transaction with the ATM/Debit card in a foreign country, there will be an International Service Assessment or an International Currency Conversion fee of up to one percent (1%) of the transaction amount that will be included in the transaction that appears on your monthly statement.
  • We charge a $30.00 Overdraft Fee for each item that would create an overdraft or non-sufficient funds balance on your account.
  • We also charge a $30 Continuous Overdraft Balance Fee each 7th calendar day the account reamins overdrawn. If the 7th day is a non-processing day (Saturday, Sunday, or a Holiday), the fee will be assessed to the account on the business day prior to the non-processing day.
  • An overdraft or non-sufficient funds or negative balance may result from (1) in-person withdrawals, other electronic funds transfers, or other withdrawal requests you initiate; (2)payments authorized by you; (3)the return of unpaid items you deposited; (4)charging your account for our applicable service charges and fees; or (5)the deposit of items to your account which according to our Funds Availability Policy, are treated as not yet "available" or "finally paid".
  • Refer to the Fee Schedule for charges for other requested services.
Average Daily Balance APY* Interest Rate
$100,000.00 - $499,999.99 For current interest rate and annual percentage yield information  
$500,000.00 - $999,998.99 please call 1-800-359-8092.  
$999,999.00 & Up    

*APY = Annual Percentage Yield
Property For Sale
Property For Sale >
Check out the properties we have for sale.
Export Transactions
Export Transactions >
First International Bank & Trust now offers the ability to download account information into Quicken® and QuickBooks®.
First International Bank & Trust © 2014
100 North Main
Watford City, North Dakota 58854
Equal Opportunity Lender
Personal          Business          Online Banking          Mortgage          Investments          Insurance          Trust and Wealth Mgmt.
Contact          About          Careers          Financial Tools          Locations          Blog          Terms of Use          Privacy Notice