Truth in Savings Account Disclosure

At our discretion, we may change the interest rate and annual percentage yield on your account. We may change the interest rate and annual percentage yield on your account daily. There are no limitations on increases or decreases of the interest rate. 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 begins to accrue on the business day you deposit non-cash items (for example, checks). If you close your account before interest is credited and the interest is less than $1.00, you will not receive the accrued interest.

When opening a consumer checking or savings account online with BANKWEST OF KANSAS you must make an initial minimum deposit as outlined in each of the account descriptions that follow.

Interest on checking accounts and money market accounts is compounded and credited into the account each month on the day your statement cycles. Interest on savings accounts is compounded daily and credited quarterly on the last day of each calendar quarter.

Current interest rates and annual percentage yields are listed in our rates section.

The consumer purchases his or her printed checks unless it is otherwise stated in the following account descriptions.

The account service charges (base fee and activity fees) and minimum balance requirements are outlined in each of the account descriptions that follow. Additional account related fees and other fees are also disclosed in the Schedule of Fees and Charges section. The fees on interest bearing accounts (if applicable) could reduce earnings on your account.