Savings Account
See current rates
1) $5.00 Minimum deposit required to open account
2) Minimum daily balance to earn interest and obtain APY is $25.00
3) Interest is compounded quarterly
Features:
An itemized statement will be provided at the end of each quarterly cycle unless an Electronic Funds Transfer is received, which will generate a monthly statement.
Costs & Liabilities:
If your minimum daily balance does not fall below $500, withdrawals from the account are unlimited. If your minimum daily balance falls below $500.00 during the cycle (quarterly or monthly for uni-statements) you may make three (one for uni-statements) free withdrawals during the cycle. Thereafter, a charge of $1 will be made for each additional withdrawal during that cycle. There will be a $2 charge when the account is closed within 2 months after it is opened. A $5 monthly fee will be charged if the account remains inactive for 3 months.