Interest-bearing account (based on average daily balance).
Interest compounds and is credited to the account monthly.
Minimum balance to obtain disclosed annual percentage yield: $0.01.
Monthly statement.
$100.00 minimum opening deposit
No monthly maintenance fee on average monthly balances of $100.00 and up.
NO minimum balance requirements on minor accounts until account holder reaches 18 years of age.
Unlimited withdrawals or transfers made in person at a branch or at an ATM machine. Online, telephone, and pre-authorized transfers are subject to federal restrictions.*
Withdrawal fees: $5.00 for every withdrawal in excess of six pre-authorized transfers or automatic payments to third parties per statement cycle.
FDIC coverage up to $100,000.00 per depositor.
* Federal banking regulations restrict to six (6) the number of “transfers” that can be made each statement cycle on savings accounts. “Transfers” include: pre-authorized transfers, telephone transfers, and online transfers. Accounts that exceed the limits will be subject to closure.
