A personal unsecured loan designed to advance into a customer’s checking account, should the balance drop below zero.
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Cash is automatically advanced when your balance falls below zero.
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Protection against overdrafts is up to your credit limit.
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Easy borrowing. Write yourself a check anytime you need extra money. You can also withdraw cash from your checking account at any ATM, up to your available limit on your Ready Reserve loan (daily ATM cash withdrawal limits apply).
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Appreciate the peace of mind your Ready Reserve loan can provide by having it available for household emergencies, or those unexpected purchases.
| Product Features |
| Credit Amount |
$500 to $5,000 |
| Term |
Life of the checking account, reviewed annually. |
| Interest Rate |
Fixed Rate. |
| Interest Calculation |
Simple (365/365). |
| Payment |
Minimum payment is automatically deducted from the customer’s Community National Bank checking account, 10 days after the statement cycle. Minimum monthly payment is tiered (see Ready Reserve Disclosure). No prepayment penalties. |
| Billing Method |
Auto-debit is required from the customer’s Community National Bank checking account. You will receive monthly billing statements combined with your checking account. |
| Miscellaneous Fees |
For customers with CNB Free Checking, a transfer fee of $3.00 is applied every time you use the Ready Reserve(line of credit). No transfer fee on all other checking products. |
| Internet Banking Customers |
Free on-line access to your Ready Reserve information, 24 hours per day, 7 days a week. |
| Other Features |
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Advances may be made in increments of $100.
-
Line may be accessed via Telephone Banking, Online Banking, or per phone/verbal request.
-
Detailed statements for easy record keeping.
-
No application fee.
|
A personal unsecured loan designed to advance into a customer’s checking account, should the balance drop below zero.
-
Cash is automatically advanced when your balance falls below zero.
-
Protection against overdrafts is up to your credit limit.
-
Easy borrowing. Write yourself a check anytime you need extra money. You can also withdraw cash from your checking account at any ATM, up to your available limit on your Ready Reserve loan (daily ATM cash withdrawal limits apply).
-
Appreciate the peace of mind your Ready Reserve loan can provide by having it available for household emergencies, or those unexpected purchases.
| Product Features |
| Credit Amount |
$500 to $5,000 |
| Term |
Life of the checking account, reviewed annually. |
| Interest Rate |
Fixed Rate. |
| Interest Calculation |
Simple (365/365). |
| Payment |
Minimum payment is automatically deducted from the customer’s Community National Bank checking account, 10 days after the statement cycle. Minimum monthly payment is tiered (see Ready Reserve Disclosure). No prepayment penalties. |
| Billing Method |
Auto-debit is required from the customer’s Community National Bank checking account. You will receive monthly billing statements combined with your checking account. |
| Miscellaneous Fees |
For customers with CNB Free Checking, a transfer fee of $3.00 is applied every time you use the Ready Reserve(line of credit). No transfer fee on all other checking products. |
| Internet Banking Customers |
Free on-line access to your Ready Reserve information, 24 hours per day, 7 days a week. |
| Other Features |
-
Advances may be made in increments of $100.
-
Line may be accessed via Telephone Banking, Online Banking, or per phone/verbal request.
-
Detailed statements for easy record keeping.
-
No application fee.
|