Interest earning account with limited check writing ability
Minimum Balance to Open the Account:
Monthly Maintenance Fee:
None if minimum balance requirement is met; otherwise $6
Minimum Balance Requirement:
$2,500 minimum daily balance during statement cycle
Transaction Fees and Limitations:
- Transfers to other accounts or payments to third parties by check writing and electronic transfers/payments are limited to six (6) per month.
- An excessive transaction fee of $10 will be charged for each transfer in excess of six (6).
Interest Compounding and Crediting Frequency:
Interest will be compounded monthly and credited to the account monthly.
Daily Balance Computation Method:
Minimum Requirements to receive the above benefits:
Effect of Closing an Account:
- If account is closed within 90 days of opening, $50 will be charged.
- If the account is closed before interest is credited, the accrued interest will be forfeited.
Savings Overdraft Protection:
Image copy of cancelled checks will be enclosed in the monthly statement