This is an interest bearing account with a minimum amount to open of $500 to avoid a service fee. If the account falls below this amount, a fee of $2.00 will be charged each statement cycle. Transfers (pre-authorized, automatic or telephone) are limited to six per month. If this amount is exceeded, a $1.00 charge per withdrawal will be charged. Interest is paid semi-annually and is subject to change.
Features
- Interest is compounded daily, posted semi-annually
- Quarterly statements. When you have a checking account, a monthly statement is available
- Automatic transfers of specified amounts at regular intervals from checking to savings accounts are available
This is an interest bearing account with a minimum balance requirement of $2,500. If the account falls below the minimum anytime during the month, a service fee of $5.00 will be imposed. This account has a limit of six withdrawals per statement cycle, and three of these may be by check. If the customer exceeds the withdrawal limit, the fee would be .50 per item. Unlimited deposits can be made. Interest is paid monthly on your statement day.
This savings account requires a minimum balance of $10,000 and pays a higher interest rate than the Regular Money Market. The interest rate and annual percentage yield on this account is determined by the bank and is subject to change weekly. The account's interest rate will never go below the rate being paid on the Regular Money Market Account.
If the account falls below the minimum balance requirement the interest rate and APY will be the same as our regular money market account rate on that day.
A service charge of $5.00 will be imposed every statement cycle if the balance in the account falls below $10,000 any day of the statement.
The minimum amount you can withdraw is $500.00
This account is designed for our customers who don't want to lock up their funds in a CD but want to earn a competitive rate.
Features
- Interest is credited to the account monthly