No two customers are exactly alike. Some customers save for summer vacations, others for retirement, and others for their child's education. We offer a variety of options ranging from long-term savings accounts, club accounts, CDs, IRAs, Money Market Accounts and Health Savings Accounts.  
Whether you need short term or long term savings, or something in between, we have a savings account to fit your future needs.  
 
Statement Savings Account 
An interest bearing account which enables the customer to earn a competitive rate of interest and still maintain fast, convenient access to funds.  
 
Account Features: 
Internet Banking and Telephone Banking services available at no charge. Savings account access via ATM and POS using your Boulevard Bank ATM card.  
 
Rate Information:  
Interest rate and annual percentage yield (APY) subject to change. We may change the interest rate at any time. Interest begins to accrue on the business day you deposit non-cash items (ex: checks). Interest will be compounded daily and credited to the account monthly.    
 
Balance Information:  
The daily balance method is used to calculate interest on the account. A daily periodic rate is applied 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 the monthly statement cycle. 
 
Limitations: 
$10 minimum opening deposit. Up to 6 transfers per month allowed by telephone, preauthorized transfer or other order by the customer. Unlimited withdrawals in person.  
 
Account Fees: 
No monthly service charge. All other fees and service charges apply. See Miscellaneous Fees and Charges for schedule of fees associated with specific services. 
 
Money Market Account 
An interest bearing account that earns higher yields with higher balances. 
 
Account Features:  
Internet Banking and Telephone Banking services available at no charge. Check images returned in statement at no charge.  
 
Rate Information:  
Interest rate and annual percentage yield (APY) subject to change. We may change the interest rate at any time. Interest begins to accrue on the business day you deposit non-cash items (ex: checks). Interest will be compounded daily and credited to the account monthly. 
 
Balance Information:  
The daily balance method is used to calculate interest on the account. A daily periodic rate is applied 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 the monthly statement cycle. 
 
Limitations:  
$2,500 minimum opening deposit. Up to 6 transfers per month allowed by check, draft, telephone, preauthorized transfer or other order by the customer. Unlimited withdrawals in person. ATM transactions are not allowed for this account. 
 
Account Fees:  
Monthly service charge of $8.00 imposed every statement cycle when the daily balance falls below $1,000.00 on any day of the cycle. See Miscellaneous Fees and Charges for schedule of fees associated with specific services.  
 
Christmas Club or Vacation Club Account 
A flexible savings account allowing you to make weekly or monthly contributions to save for your dream vacation or Christmas shopping spree! 
 
Rate Information: 
You will be paid the disclosed interest rate until the maturity date. We will never decrease this rate unless we first give you at least 30 days notice in writing. Interest will be compounded every quarter. Interest will be credited to your account every quarter. If you close your account before interest is credited, you will not receive the accrued interest.  Accrual of interest on noncash deposits -Interest begins to accrue on the business day you deposit noncash items (for example, checks).  
 
Balance Information:  
We use the average daily balance method to calculate the 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 the quarter. 
 
Limitations: 
$10 minimum opening deposit.  If any withdrawal is made from this account before the scheduled payout date then this account may be closed and all interest will be forfeited.  
 
Certificates of Deposit and Individual Retirement Accounts 
Boulevard Bank offers a wide range of CD terms and competitive rates.  
 
Rate Information:  
Your account is an interest bearing account. Ask to see our Certificate of Deposit Rate Chart for interest rate and corresponding annual percentage yield for the daily balance and term specified. The interest rate and annual percentage yield will not change for the term of this account. Interest begins to accrue on the business day you deposit cash or non-cash items (for example, checks). Interest will be compounded and credited monthly for accounts having a term of 30 days. For accounts having a term of 91 days, interest will be compounded quarterly and credited at maturity. For account terms of greater than 91 days, interest will be compounded and credited quarterly. Interest will be credited to your certificate of deposit account, or at your request, interest may be re-credited to another account designated by you.  
 
Balance Information:  
We use the daily balance method to calculate the interest on this account. This method applies a daily periodic rate to the principal in the account each day. The disclosed annual percentage yield assumes interest will compound and remain on deposit until maturity.  
 
Limitations:  
For certificats of deposits with original terms less than 12 months, you must deposit $1,000. to open this account. For certificates of deposits with original terms 12 months or greater, you must deposit $500 to open this account. You may not make additional deposits into this account. 
 
Time Account Information:  
Your account will automatically renew at maturity. You will have 7 DAYS after the maturity date to withdraw funds without penalty. If you withdraw any of the principal from your account before the maturity date, we may impose a penalty, as follows: For terms twelve months and less:  An amount equal to the interest earned, or that could have been earned, on the amount withdrawn at the nominal (simple interest) rate in effect on the deposit, during a period equal to three months, regardless of the length of time the funds withdrawn have remained on deposit. For terms thirteen months and longer:  An amount equal to the interest earned, or that could have been earned, on the amount withdrawn at the nominal (simple interest) rate in effect on the deposit, during a period equal to six months, regardless of the length of time the funds withdrawn have remained on deposit. 
 
Exceptions:  
We may let you withdraw money from your account before the maturity date without an early withdrawal penalty: 1) when one or more of you dies or is determined legally incompetent by a court or other administrative body of competent jurisdiction; or 2) when the account is an Individual Retirement Account (IRA) established in accordance with 26 USC 408 and the money is paid within seven (7) days after the account is opened. 
 
Certificates of Deposit Registry Service (CDARS) 
Boulevard Bank participates in the CDARS program.  By utilizing the CDARS program, Boulevard Bank is able to offer multi-million dollar certificates of deposits that are 100% FDIC insured.  
 
  • Full Insurance. With CDARS, you can access up to $50 million in FDIC protection on CD investments.  
  • One Bank. You only work with us to secure large deposits (from $10,000 to $50,000,000).
  • One Rate. You earn one interest rate on CD investments placed through CDARS. With CDARS, there is no need to  negotiate multiple rates or manually tally disbursements for each CD.
  • One Statement. You receive one regular statement detailing your CD investments. You no longer need to consolidate statements at the end of each month, quarter, or year.
  • No Hidden Fees. There are no hidden fees of any kind. You will not be charged annual fees, subscription fees or transaction fees for using the CDARS service. The rate you see is the rate you get.
  • No Collateralization. Because CDARS deposits are eligible for full FDIC protection, you may not need to collateralize your deposits. This eliminates the time-consuming task of tracking collateral values.
  • A Wide Variety of Maturities. You can select from various maturities - ranging from 4 weeks to 5 years (260 weeks) - and choose the terms that best suit your investment needs.
  • Community Involvement. Your funds can support lending initiatives, including special development projects that strengthen the local community.
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    Miscellaneous Fees and Charges  
     
    FDIC
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