Note: Checking PLUS requires an electronic monthly deposit of $200 or more from payroll, annuity, pension or third-party pre-authorized transfer. An email address is required for all products opened via the internet. We use the daily balance method to calculate the interest on your accent. This method applies the daily periodic rate to the principal in the account each day. Minimum balance charges are determined by a daily balance. If the balance falls below the minimum on any day of the month, the charge will be imposed for that month. Service charge for balances below minimum requirement could reduce earnings on the account. Rates/tiers are subject to change without notice. All accounts are variable rate accounts for which the interest rate may be adjusted at any time after the account is opened at the discretion of Presidential Bank; except Certificate of Deposit are fixed rate accounts that have an interest rate which remains fixed during the initial term and (after adjustment) during any renewal term. Substantial penalty for early withdrawals, which may reduce APY. Read in conjunction with Deposit Account Rules and Regulations, Schedule of Fees, and other materials for complete disclosure.