Do I need to report my saving and checking account interest ($7) if I didn't receive a 1099-INT?

I found this information from the IRS (https://www.irs.gov/instructions/i1099int/ar02.html#d0e223). According to the Box1 section for interest income, it seems like if my bank account interests is less than $10, then I don't need to report it on my 2015 tax return (form 1040). Please correct me if my understanding is incorrect.

In addition, since I did not get a 1099-INT, what should I put for these boxes? 

Early Withdrawal Penalty
Federal Income Tax Withheld