SAvings

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Savings


Regular Savings Account

$100 Opening Deposit Required

  • Variable Interest Rate – Interest Rate and Annual Percentage Yield may change*
  • Interest computation method–compounded daily – paid quarterly
  • Statement cycle……monthly or quarterly cycle
  • Cycle minimum balance fee…$5 per statement cycle if the balance falls below $10 on any day of that cycle
  • Cycle minimum balance to receive interest…..no minimums are required to receive interest
  • Withdrawal limit…1 withdrawal per monthly statement cycle, 3 withdrawals per quarterly cycle
  • Excessive withdrawal fee…..$2 per withdrawal
  • If account is closed before interest is credited, interest will be paid
  • Interest will begin to accrue on the day of deposit
  • No third party payments allowed such as:
    (ACH/EFT/POS/Telephone/Internet)

Fast Start Savings Account

$200 Opening Deposit Required
$200 Minimum balance required
$2500 Maximum balance

  • Variable Interest Rate* - paid quarterly
  • Interest computation method – daily balance
  • Interest will begin to accrue on the day of deposit
  • Statement cycle…………….quarterly
  • Quarterly minimum balance fee…$5 per statement cycle if balance falls below $200 at any time during the cycle.
  • Quarterly maximum balance to receive interest ……when balance of account exceeds $2500, interest stops accruing; interest accrued to that date will be paid at the end of statement cycle (Sweep account to be maintained for interest payments when account balance exceeds $2500)
  • Quarterly minimum balance to receive interest …..interest will not accrue if daily balance below $200
  • Withdrawal limits………..3 withdrawals per quarterly statement cycle
  • Excessive withdrawal fee……..$7.50 fee per withdrawal in excess of 3 per quarterly cycle
  • Interest will be paid if account is closed before interest payment date
  • No third party payments allowed such as:
    (ACH/EFT/POS/Telephone/Internet)
  • Individuals only – one account per husband and wife; one account per child

Money Market Deposit Account

$2500 Opening Deposit Required

  • Variable interest Rate* - paid monthly
  • Rate tiers based on average daily balance
  • Interest computation method……daily balance
  • Interest will begin to accrue on the day of deposit
  • Statement cycle……….monthly
  • Monthly minimum balance fee…..$10 per state-ment cycle if average daily balance for the cycle falls below $2500
  • Monthly minimum balance to receive interest ……..$2500 average daily balance
  • Withdrawal limits ………. 6 withdrawals per statement cycle
  • Excessive withdrawals……..$10 will be charged for each debit in excess of six during a monthly payment cycle
  • Interest will be forfeited if account is closed before statement cycle date
  • Interest rate and annual percentage rate will begin to accrue on the day of deposit

*Additional information available upon request.