La Jolla Bank offers a variety of checking accounts for people who place a high priority on value, convenience, and smart money management. We have designed our programs to fit the individual needs of our depositors. Each of our checking accounts are described here. We are sure you will agree our checking programs are the finest around.

Your funds are insured up to $100,000 by the Federal Deposit Insurance Corporation (FDIC) and backed by the full faith and credit of the federal government.

Accounts must be opened at one of our local offices.

Classic Checking Select Checking Business Checking Premiere Checking

Classic Checking


This is an interest bearing checking account that can be opened with a deposit as low as $100, and there's no limit to the number of checks you can write each month. There is no minimum balance fee as long as the balance stays at $250 or more each day throughout the statement cycle. The minimum balance fee is waived for accounts with direct deposit!

This account is non-transferable. We reserve the right to require 7 days advance notice for any withdrawal.

Rate Information
This is a variable interest rate account. Your interest rate and Annual Percentage Yield may change. At our discretion, we may change the rate daily.

Frequency
Interest will be calculated on a SIMPLE interest basis. Interest will not accrue on interest until interest is credited to the account. Interest will be credited to your account monthly on your cycle date.

Minimum Balance Requirements
You must deposit $100 to open this account.

To Obtain the Annual Percentage Yield Disclosed
You must maintain a minimum balance of 1¢ in the account each day to obtain the disclosed annual percentage yield. Annual percentage yield assumes principal and interest remain on deposit at the same rate for one year.

Balance Computation Method
We use the daily method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of Interest on Non-Cash Deposits
Interest begins to accrue on the business day you deposit "non-cash" items (for example, checks).

Deposits
All deposits will be evidenced by a receipt.

Fees
The following fees may be assessed against your account:

Transaction Limitations
You may make unlimited deposits and withdrawals to this account.

Account Termination
The account holder may terminate this account at any time. Unusual check writing (floating funds) between accounts with this Bank or other Banks will subject this account to closure.

Checks
Checks will be made available for the customer to purchase although checks are not required on this account. The fee for check printing charges depends on the style and quantity of checks ordered. This fee will automatically be debited (ACH) from this account.

Select Checking


La Jolla Bank offers this special "senior checking" to all local personal banking customers age 55 and over. This account has no minimum balance requirements or monthly fees, and La Jolla Bank pays for your checks!

This account is non-transferable.

Rate Information
This account earns no interest.

Minimum Deposit Requirement
You must deposit $100 to open this account.

Deposits
All deposits will be evidenced by a receipt.

Fees
Please refer to the "Fees" section of your disclosure for all association fees.

Checks
Checks will be made available to the customer at no charge.

Account Termination
The account holder may terminate this account at any time. Unusual check writing (floating funds) between accounts at this Bank or other Banks will subject this account to closure, as will other improper actions.

Transaction Limitations
You may make unlimited deposits and withdraws to this account.

Business Checking


La Jolla Bank offers this account to local business owners. La Jolla Bank also offers merchant card processing to business account customers for purposes of processing credit card sales and direct settlement to your La Jolla Bank account.

This account is non-transferable.

Rate Information
This account earns no interest.

Minimum Balance Requirements
You must deposit $1,000 to open this account. There is no monthly minimum balance set to be maintained.

Deposits
All deposits will be evidenced by a receipt.

Fees
The following fees may be assessed against your account:

Transaction Limitations
You may make unlimited deposits and withdrawals to this account.

Account Termination
The account holder may terminate this account at anytime. Unusual check writing (floating funds) between accounts with this Bank or other Banks will be subject to account closure, as will other improper actions.

Checks
Checks will be made available for the customer to purchase although checks are not required for this account. The fee for check printing charges depends on the style of checks ordered. This fee will automatically be debited (ACH) from this account.

Premiere Checking


This is a high-interest checking account that can be opened with a deposit of $1,000, and there's no limit to the number of checks you can write each month. There is also no minimum balance requirement.

This account is non-transferable. We reserve the right to require 7 days advance notice for any withdrawal.

Rate Information
An interest rate of 1.74% will be paid only for that portion of your daily balance that is greater than $20,000. The APY for this tier will range from 1.50% to 1.70% depending on the balance in the account. (1.70% is based on $100,000). Account is a variable interest account, unless otherwise guaranteed.

Frequency
Interest will be calculated on a SIMPLE interest basis. Interest will not accrue on interest until interest is credited to the account. Interest will be credited to your account monthly on your cycle date.

Minimum Balance Requirements
You must deposit $1,000 to open this account.

To Obtain the Annual Percentage Yield Disclose
You must maintain the required minimum balance of $.01 in the account each day to obtain the disclosed annual percentage yield. Annual percentage yield assumes principal and interest remain on deposit at the same rate for one year.

Balance Computation Method
We use the daily method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of Interest on Non-cash Deposits
Interest begins to accrue on the business day you deposit "non-cash" items (for example, checks).

Deposits
All deposits will be evidenced by a receipt.

Fees
There are no minimum balance or monthly fees associated with this account. Please also refer to the "fees" section of this disclosure for all association fees.

Transaction Limitations
You may make unlimited deposits and withdrawals to this account.

Account Termination
The account holder may terminate this account at any time. Unusual check writing (floating funds) between accounts with this Bank or other Banks will subject this account to closure, as will other improper actions.

Checks
La Jolla Bank will pay the charge for the first Premiere account check order. Thereafter, checks will be made available for the customer to purchase although checks are not required on this account. If on the first check order, the customer requests any other style of check, this account will automatically be debited (ACH) for the amount of the check order. Thereafter, fees charged for check printing depend on the style and quantity of checks ordered. This fee will automatically be debited (ACH) from this account.