A regular savings account is a financial staple for all banking customers - providing an affordable account for long and short-term personal savings.
- A minimum deposit of $100.00 is required to open the account.
- There is a monthly Account Maintenance Fee of $3.00
Monthly Account Maintenance Fee is waived if during the Monthly Statement Cycle period you meet one of the following:
- $300.00 or more Minimum Current Balance, or
- $1,000.00 or more Average Available Balance.
- Persons under 18 years of age with a minimum current balance under $300.00 will not be charged a monthly account maintenance fee.
Added Benefits Include:
- The current interest rates are:
Rates and Annual Percentage Yields (APY) are current
as of 07/30/2010
Rates Subject to Change Without Notice
- Interest calculation - The daily balance method is used to calculate the interest on the account. The minimum daily balance required to receive interest on this account is $300.00 ($1.00 for persons under age 18)
Other Features
- Unlimited deposits and three (3) withdrawals per month are allowed at no charge. The transaction fee for each withdrawal over this limit will be $1.00 per withdrawal or transfer. This excess withdrawal fee is waived if an average available balance of $2,500.00 or more is maintained in the account during the monthly statement cycle period.
- Transaction Limitations - In accordance with Federal Regulations, savings accounts are limited to allow no more than six withdrawals per calendar month or statement cycle of at least four weeks for the purpose of pre-authorized, automatic, telephone transfers (to a third party or to another account of yours), check, draft, debit card or similar order payable to third parties. If monthly transactions exceed this legal limit, a charge of $10.00 will be imposed for each excess transaction and the account will be subject to closure pursuant to Federal regulations.
- Fees could reduce earnings on the account.
